Vintage Wine Estates (NASDAQ:VWE) Shares Up 6.9%

Posted by Joseph Casey on Apr 20th, 2024

Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Free Report) shares shot up 6.9% on Friday . The company traded as high as $0.28 and last traded at $0.26. 177,599 shares were traded during mid-day trading, an increase of 2% from the average session volume of 174,528 shares. The stock had previously closed at $0.25.

Vintage Wine Estates Price Performance

The business’s 50 day moving average is $0.39 and its two-hundred day moving average is $0.49. The firm has a market capitalization of $16.44 million, a PE ratio of -0.13 and a beta of 1.13.

Vintage Wine Estates (NASDAQ:VWE – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.75) EPS for the quarter. The business had revenue of $67.99 million for the quarter. Vintage Wine Estates had a negative return on equity of 47.99% and a negative net margin of 44.87%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EMC Capital Management grew its holdings in shares of Vintage Wine Estates by 1,499.5% in the third quarter. EMC Capital Management now owns 57,821 shares of the company’s stock worth $33,000 after purchasing an additional 54,206 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Vintage Wine Estates in the third quarter worth approximately $38,000. Next Capital Management LLC bought a new position in shares of Vintage Wine Estates in the third quarter worth approximately $57,000. MetLife Investment Management LLC bought a new position in shares of Vintage Wine Estates in the fourth quarter worth approximately $65,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Vintage Wine Estates by 126.3% in the second quarter. Goldman Sachs Group Inc. now owns 70,504 shares of the company’s stock worth $60,000 after purchasing an additional 39,350 shares during the last quarter. 69.82% of the stock is owned by hedge funds and other institutional investors.

Vintage Wine Estates Company Profile

(Get Free Report)

Vintage Wine Estates, Inc produces and sells wines and spirits in the United States, Canada, and internationally. The company offers its products under the brands Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed, Kunde, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.