Ethan Allen Interiors Inc. (ETH), Quanex Building Products Corporation (NX): Odey Asset Management Discloses Its Latest Equity Portfolio Moves

In a separate filing, Odey Asset Management Group disclosed that it owns 2.01 million class A shares of Ethan Allen Interiors Inc. (NYSE:ETH). The passive stake represents a slight decrease from 2.03 million shares the fund held previously. The new stake equates to 6.95% of the company’s common stock.

Ethan Allen Interiors Inc. (NYSE:ETH) is engaged in manufacturing and retailing of home furnishings and accessories, and is doing business throughout North America, Europe, Asia and the Middle East. The company has a market cap of nearly $909 million. Royce & Associates, led by Chuck Royce, disclosed holding 3.18 million shares of the company, as of the end of the third quarter of 2014. Mario Gabelli’s GAMCO Investors held 370,400 shares of the company at the end of the third quarter.

On the other hand, Odey Asset Management Group reported upping its stake in Quanex Building Products Corporation (NYSE:NX) to 3.54 million shares from 4.43 million shares the fund held earlier. The new stake amasses 9.79% of the company’s common stock.

Quanex Building Products Corporation (NYSE:NX) is a supplier of window and door components, and has a market cap of more than $666 million. The company pays an annual dividend of $0.16, which represents a yield 0.87%. On Wednesday, the company’s stock closed at $18.44. It has a 52 week high of $21.42 and a 52 week low of $16.50. Analysts have the consensus average target price of $20.67 for the stock, while the consensus average recommendation is ‘Hold.’ For the fiscal year ended October 31, 2014, the company posted income from continuing operations of $8.3 million, as compared to a loss from continuing operations of $12.4 million in 2013. EBITDA was $48.1 million, up from $34.7 million in 2013.

The largest shareholders of Quanex Building Products Corporation (NYSE:NX) include Chuck Royce’ Royce & Associates, which held 1.91 million shares as of the end of September 2014. Raging Capital Management, led by William C. Martin, reported owning 734,613 shares of the company at the end of September.

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