American Century Companies Inc. Increases Position in NN, Inc. (NASDAQ:NNBR)

American Century Companies Inc. raised its holdings in shares of NN, Inc. (NASDAQ:NNBR - Free Report) by 80.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 642,568 shares of the industrial products company's stock after acquiring an additional 287,060 shares during the quarter. American Century Companies Inc. owned approximately 1.29% of NN worth $1,928,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Register Financial Advisors LLC lifted its holdings in NN by 20.2% in the 1st quarter. Register Financial Advisors LLC now owns 1,037,463 shares of the industrial products company's stock worth $4,918,000 after purchasing an additional 174,487 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of NN in the second quarter worth $429,000. Acadian Asset Management LLC boosted its position in shares of NN by 102.0% during the second quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company's stock worth $625,000 after acquiring an additional 105,429 shares during the last quarter. Rhumbline Advisers lifted its stake in NN by 3,510.9% in the 2nd quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company's stock worth $162,000 after purchasing an additional 52,488 shares in the last quarter. Finally, Cannon Global Investment Management LLC bought a new position in shares of NN during the 1st quarter valued at about $85,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

NN Price Performance

Shares of NNBR stock traded up $0.21 during trading hours on Friday, hitting $3.97. The stock had a trading volume of 109,409 shares, compared to its average volume of 199,671. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.04 and a quick ratio of 1.29. The stock has a market capitalization of $198.52 million, a price-to-earnings ratio of -2.84 and a beta of 2.94. NN, Inc. has a one year low of $1.63 and a one year high of $5.40. The stock's 50-day moving average price is $3.68 and its two-hundred day moving average price is $3.65.

NN (NASDAQ:NNBR - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. NN had a negative return on equity of 7.70% and a negative net margin of 8.38%. The business had revenue of $122.99 million for the quarter, compared to the consensus estimate of $123.59 million. During the same quarter in the previous year, the company posted ($0.08) EPS. Equities analysts forecast that NN, Inc. will post -0.16 EPS for the current year.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.