Holocene Advisors LP Sells 18,597 Shares of The AZEK Company Inc. (NYSE:AZEK)

Holocene Advisors LP reduced its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,625 shares of the company's stock after selling 18,597 shares during the quarter. Holocene Advisors LP's holdings in AZEK were worth $2,978,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AZEK. Vaughan Nelson Investment Management L.P. boosted its holdings in AZEK by 15.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 734,446 shares of the company's stock valued at $30,942,000 after acquiring an additional 100,719 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of AZEK by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company's stock worth $25,232,000 after purchasing an additional 11,770 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock valued at $31,415,000 after purchasing an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock valued at $2,845,000 after purchasing an additional 31,193 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of AZEK by 18.5% during the third quarter. Algert Global LLC now owns 119,453 shares of the company's stock valued at $5,590,000 after buying an additional 18,690 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Stock Performance

Shares of NYSE AZEK traded up $0.73 during trading on Friday, reaching $54.21. 1,437,343 shares of the company traded hands, compared to its average volume of 1,692,531. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $46.70 and a 200-day simple moving average of $44.73. The AZEK Company Inc. has a 52-week low of $34.02 and a 52-week high of $54.69. The stock has a market capitalization of $7.75 billion, a PE ratio of 51.42, a P/E/G ratio of 2.36 and a beta of 1.92.

Analyst Ratings Changes

Several analysts have commented on AZEK shares. Benchmark restated a "buy" rating and issued a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st. Loop Capital cut AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price for the company. in a research note on Friday, October 4th. Truist Financial upped their price target on AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, DA Davidson upped their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, AZEK presently has a consensus rating of "Moderate Buy" and an average price target of $49.82.

About AZEK

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.