Anthracite Investment Company Inc. Grows Position in Daktronics, Inc. (NASDAQ:DAKT)

Anthracite Investment Company Inc. boosted its holdings in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 285,223 shares of the technology company's stock after purchasing an additional 34,205 shares during the quarter. Daktronics comprises approximately 1.7% of Anthracite Investment Company Inc.'s investment portfolio, making the stock its 13th largest holding. Anthracite Investment Company Inc. owned about 0.61% of Daktronics worth $4,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAKT. Vanguard Group Inc. raised its stake in shares of Daktronics by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company's stock worth $41,323,000 after purchasing an additional 11,099 shares during the last quarter. Progeny 3 Inc. grew its holdings in Daktronics by 27.3% during the third quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company's stock worth $29,494,000 after buying an additional 489,700 shares in the last quarter. American Century Companies Inc. raised its position in Daktronics by 11.3% in the 4th quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company's stock valued at $23,406,000 after buying an additional 140,482 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Daktronics by 76.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company's stock valued at $5,834,000 after acquiring an additional 195,830 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Daktronics by 1,589.2% during the 4th quarter. LPL Financial LLC now owns 323,204 shares of the technology company's stock worth $5,449,000 after acquiring an additional 304,071 shares during the last quarter. Institutional investors own 61.69% of the company's stock.

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Analyst Ratings Changes

Separately, Craig Hallum assumed coverage on shares of Daktronics in a report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 target price for the company.

Daktronics Stock Performance

Shares of DAKT traded down $0.79 on Friday, reaching $12.04. 353,625 shares of the company's stock traded hands, compared to its average volume of 473,137. The stock's 50 day simple moving average is $14.88 and its two-hundred day simple moving average is $14.91. The stock has a market cap of $630.14 million, a PE ratio of 48.16, a PEG ratio of 0.57 and a beta of 1.12. Daktronics, Inc. has a 52-week low of $8.81 and a 52-week high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Daktronics Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.