Jennison Associates LLC reduced its stake in shares of Fenix Parts Inc. (NASDAQ:FENX) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,807,324 shares of the company’s stock after selling 169,647 shares during the period. Jennison Associates LLC owned approximately 9.06% of Fenix Parts worth $7,157,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in Fenix Parts during the second quarter valued at $215,000. HighTower Advisors LLC raised its position in Fenix Parts by 0.5% in the second quarter. HighTower Advisors LLC now owns 293,831 shares of the company’s stock valued at $1,155,000 after buying an additional 1,604 shares in the last quarter. Vanguard Group Inc. raised its position in Fenix Parts by 8.5% in the second quarter. Vanguard Group Inc. now owns 645,328 shares of the company’s stock valued at $2,536,000 after buying an additional 50,638 shares in the last quarter. Finally, Royce & Associates LP raised its position in Fenix Parts by 4.7% in the second quarter. Royce & Associates LP now owns 1,604,200 shares of the company’s stock valued at $6,305,000 after buying an additional 71,500 shares in the last quarter. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Shares of Fenix Parts Inc. (NASDAQ:FENX) remained flat at $3.63 on Thursday. The company’s stock had a trading volume of 31,654 shares. Fenix Parts Inc. has a one year low of $2.94 and a one year high of $7.18. The firm’s 50 day moving average is $3.55 and its 200 day moving average is $3.94. The company’s market cap is $72.44 million.
FENX has been the topic of several research reports. Zacks Investment Research upgraded shares of Fenix Parts from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Roth Capital lowered shares of Fenix Parts from a “buy” rating to a “neutral” rating in a research note on Friday, October 14th.
About Fenix Parts
Fenix Parts, Inc is engaged in auto recycling business. The Company recovers and resells original equipment manufacturer (OEM) parts, components and systems, such as engines, transmissions, radiators, trunks, lamps and seats reclaimed from damaged, totaled or low value vehicles. The Company operates through Automobile Recycling segment.
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