Stock of The Day: Institutional Investors Are Crazy About Compx International Inc (TSE:CIX)

November 18, 2016 - By Peter Erickson   ·   0 Comments

Stock of The Day: Institutional Investors Are Crazy  About Compx International Inc (TSE:CIX)

Sentiment for Compx International Inc (TSE:CIX)

Compx International Inc (TSE:CIX) institutional sentiment decreased to 1.71 in Q2 2016. Its down -3.04, from 4.75 in 2016Q1. The ratio dived, as 19 investment managers started new and increased equity positions, while 4 sold and decreased stock positions in Compx International Inc. The investment managers in our partner’s database now have: 2.68 million shares, up from 1.27 million shares in 2016Q1. Also, the number of investment managers holding Compx International Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 8 New Position: 11.

CI Financial Corp. is a wealth management and investment fund company. The company has a market cap of $6.90 billion. The Firm is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. It has a 13.71 P/E ratio. CI operates through two divisions: Asset Management and Asset Administration.

The stock increased 0.99% or $0.25 on November 17, hitting $25.52. About 296,631 shares traded hands. CI Financial Corp (TSE:CIX) has declined 10.96% since April 14, 2016 and is downtrending. It has underperformed by 15.39% the S&P500.

According to Zacks Investment Research, “CompX International Inc. manufactures ergonomic computer support systems, precision ball bearing slides and security products for use in office furniture, computer-related applications and a variety of other products. Their products are principally designed for use in medium to high-end applications, where product design, quality and durability are critical to the their customers.”

Sessa Capital Im L.P. holds 1.48% of its portfolio in CI Financial Corp for 431,732 shares. Minerva Advisors Llc owns 11,900 shares or 0.09% of their US portfolio. Moreover, Horrell Capital Management Inc. has 0.07% invested in the company for 10,000 shares. The New York-based American International Group Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 530 shares.#img1#

CI Financial Corp (TSE:CIX) Ratings Coverage

Ratings analysis reveals 43% of CI Financial’s analysts are positive. Out of 7 Wall Street analysts rating CI Financial, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $25 while the high is $38. The stock’s average target of $28.94 is 13.40% above today’s ($25.52) share price. CIX was included in 28 notes of analysts from July 22, 2015. The stock of CI Financial Corp (TSE:CIX) has “Buy” rating given on Friday, November 4 by Canaccord Genuity. Scotia Capital maintained it with “Sector Perform” rating and $30 target price in Thursday, November 3 report. The firm earned “Hold” rating on Friday, November 4 by TD Securities.

CIX Company Profile

CompX International Inc., incorporated on August 4, 1993, is a maker of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and other industries. The Firm is a maker of stainless steel exhaust systems, gauges and throttle controls for the recreational marine industry. It operates through two business divisions: Security Products and Marine Components. The Company’s security products are offered under the brand names, CompX Security Products, National Cabinet Lock, Fort Lock, Timberline Lock, Chicago Lock, STOCK LOCKS, KeSet, TuBar, StealthLock, ACE, ACE II, CompX eLock, Lockview, System 64, SlamCAM, RegulatoR, CompXpress and GEM. The Firm provides marine components under the CompX Marine, Custom Marine, Livorsi Marine, Livorsi II Marine, CMI Industrial, Custom Marine Stainless Exhaust, The #1 Choice in Performance Boating, Mega Rim, Race Rim, Vantage View and GEN-X brands.

Another recent and important CI Financial Corp (TSE:CIX) news was published by Seekingalpha.com which published an article titled: “CI Financial Corp – Nobody Is Noticing The Turnaround Yet” on September 26, 2016.

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By Peter Erickson


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