UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Cricut, Inc. (NASDAQ:CRCT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Cricut, Inc. (NASDAQ:CRCT) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,528 shares of the company’s stock after purchasing an additional 5,613 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cricut were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of Cricut by 252,185.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,660 shares of the company’s stock valued at $106,000 after purchasing an additional 17,653 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Cricut by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 215,099 shares of the company’s stock valued at $1,288,000 after buying an additional 18,939 shares during the last quarter. Principal Financial Group Inc. raised its position in Cricut by 9.8% in the second quarter. Principal Financial Group Inc. now owns 33,899 shares of the company’s stock worth $203,000 after acquiring an additional 3,034 shares during the period. Rhumbline Advisers boosted its stake in shares of Cricut by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 62,092 shares of the company’s stock worth $372,000 after acquiring an additional 3,397 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Cricut by 20.8% during the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after acquiring an additional 2,103 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Cricut Trading Down 2.0 %

NASDAQ CRCT opened at $5.93 on Friday. Cricut, Inc. has a 12 month low of $4.43 and a 12 month high of $8.40. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.03. The company’s 50 day moving average is $5.94 and its two-hundred day moving average is $6.06.

Cricut (NASDAQ:CRCT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a return on equity of 12.36% and a net margin of 8.47%. The firm had revenue of $167.89 million during the quarter, compared to analysts’ expectations of $165.35 million. During the same period last year, the company earned $0.08 earnings per share. Sell-side analysts forecast that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Announces Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 7th. This represents a yield of 3.4%. Cricut’s dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their target price on Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, November 6th.

Insider Activity

In other news, CEO Arora Ashish sold 54,839 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $5.29, for a total value of $290,098.31. Following the transaction, the chief executive officer now owns 3,980,294 shares of the company’s stock, valued at approximately $21,055,755.26. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald B. Olsen sold 30,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $5.23, for a total transaction of $156,900.00. Following the transaction, the executive vice president now directly owns 625,833 shares of the company’s stock, valued at $3,273,106.59. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,549 shares of company stock worth $1,199,555 over the last ninety days. Corporate insiders own 18.02% of the company’s stock.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.