Atria Investments LLC Cuts Stake in Fox Factory Holding Corp. by 5,819 Shares.
January 30, 2023
Trending News 🌥️
Fox Factory Holding ($NASDAQ:FOXF) Corp. (FOXF) is a leading manufacturer of performance-defining ride dynamics products that improve the power, control, and maneuverability of motorcycles, ATVs, side-by-sides, off-road vehicles, mountain bikes, and bicycles. The company is headquartered in Georgia, USA and operates in the USA and Europe. Fox manufactures and distributes its products through various OEMs, distributors, and retailers. Atria Investments LLC recently filed with the Securities and Exchange Commission, indicating that it had disposed of 5,819 shares of Fox Factory Holding Corp. This reduction in holdings was likely due to a desire to diversify Atria’s portfolio or offload stock in order to raise funds. Fox Factory Holding has had an impressive year in terms of performance, with a recent surge in share price. Investors are optimistic about Fox Factory Holding’s future prospects, given its strong position in the industry and its ability to innovate and develop new products.
The company also has a healthy balance sheet, with no long-term debt and strong cash flow from operations. Overall, Atria Investments LLC’s decision to reduce their stake in Fox Factory Holding Corp. may have been a prudent one. While the stock has performed impressively this year, there is no guarantee that such gains can be maintained in the long run. By reducing their holdings of Fox stock, Atria may have protected themselves from any potential downside risk.
Stock Price
Fox Factory Holding Corp. shares opened at $104.0 on Monday and closed the day up 2.9% at $106.7, compared to the prior closing price of $103.7. Several other hedge funds have also recently made changes to their positions in FOX FACTORY HOLDING stock. Overall, Fox Factory Holding Corp’s stock has seen a significant boost in value over the past few months, and analysts are optimistic about its prospects going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FOXF. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 190.05 | 12.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FOXF. More…
| Operations | Investing | Financing |
| -26.66 | -83.55 | -58.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FOXF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.68k | 622.73 | 24.96 |
Key Ratios Snapshot
Some of the financial key ratios for FOXF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.6% | 28.6% | 15.0% |
| FCF Margin | ROE | ROA |
| -5.0% | 14.0% | 8.6% |
VI Analysis
FOX FACTORY HOLDING’s long-term potential can be easily analysed with the VI app, which provides an insight into the company’s fundamentals. According to the VI Risk Rating, FOX FACTORY HOLDING is an investment with a high risk factor. This is especially true when considering both the financial and business aspects of the company. The VI App has detected 2 risk warnings in the balance sheet and cashflow statement. These warnings highlight the uncertainty of investing in FOX FACTORY HOLDING, and should be taken into consideration by anyone looking to invest in the company. To gain access to this information, users must become registered members of the app. Overall, FOX FACTORY HOLDING presents a high risk investment, and potential investors should approach this company with caution. Although the VI App offers an insight into the company’s fundamentals, further research and analysis is needed before any decisions are made. More…
VI Peers
The Company’s products are sold to original equipment manufacturers and aftermarket customers. Fox Factory Holding Corp was founded in 1974 and is headquartered in Scotts Valley, California. Hankook & Co is a South Korean company that manufactures and sells tires. The company was founded in 1941 as the Chosun Tire Company and changed its name to Hankook Tire in 1968. Hankook Tire has manufacturing plants in South Korea, China, Hungary, and Indonesia. The company sells its tires under the Hankook, Kumho, and Nexen brands. Federal Corp is a Taiwanese company that manufactures and sells tires. Federal Corp was founded in 1954 and is headquartered in Taipei, Taiwan. The company has manufacturing plants in Taiwan, China, and Thailand. Federal Corp sells its tires under the Federal, Achilles, and Atturo brands. PT Multistrada Arah Sarana Tbk is an Indonesian company that manufactures and sells tires. PT Multistrada Arah Sarana Tbk was founded in 1976 and is headquartered in Jakarta, Indonesia. The company has manufacturing plants in Indonesia and Vietnam. PT Multistrada Arah Sarana Tbk sells its tires under the Multistrada, Tristar, and Maxxis brands.
– Hankook & Co ($KOSE:000240)
Hankook & Co is a South Korean conglomerate with a market cap of 1.17T as of 2022. The company has a Return on Equity of 5.05%. Hankook & Co is involved in a variety of businesses including tires, chemicals, and auto parts. The company has a strong presence in South Korea and is a major player in the global market.
– Federal Corp ($TWSE:2102)
Federal Corp is a publicly traded company with a market capitalization of 8.5 billion as of 2022. The company has a negative return on equity of 13.91%. Federal Corp is engaged in the business of manufacturing and selling automotive parts and systems.
– PT Multistrada Arah Sarana Tbk ($IDX:MASA)
PT Multistrada Arah Sarana Tbk has a market cap of 18.64T as of 2022, a Return on Equity of 19.35%. The company is engaged in the manufacturing of passenger car radial tyres and motorcycle tyres in Indonesia. It also exports its products to over 60 countries worldwide.
Summary
Fox Factory Holding Corp. has seen a decrease in its shareholding by Atria Investments LLC, which sold 5,819 of its shares. This has been met with a largely positive sentiment from investors. Fox Factory Holding Corp. is a global leader in the design, engineering, manufacturing and marketing of ride dynamics products for powersports vehicles, off-road and side-by-side vehicles, on-road vehicles, trucks, and other motorized recreational vehicles. The company’s products are sold to original equipment manufacturers and aftermarket distributors in North America, Europe, Asia and South America.
Fox Factory Holding Corp. offers a wide range of products that provide its customers with increased performance, improved ride quality, and better control. Fox Factory Holding Corp. strives to create innovative products that are safe and reliable for a range of off-road and powersports markets.
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
