November 23, 2016 - By Hazel Jackson · 0 Comments
The stock of Altra Industrial Motion Corporation (NASDAQ:AIMC) registered a decrease of 3.52% in short interest. AIMC’s total short interest was 2.14M shares in November as published by FINRA. Its down 3.52% from 2.22M shares, reported previously. With 130,700 shares average volume, it will take short sellers 16 days to cover their AIMC’s short positions. The short interest to Altra Industrial Motion Corporation’s float is 9.98%. The stock last traded at $35.4 per share. It is down 24.12% since April 21, 2016 and is uptrending. It has outperformed by 18.79% the S&P500.
Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission components. The company has a market cap of $926.78 million. The Firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It has a 30.99 P/E ratio. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.
Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.66, from 0.82 in 2016Q1. The ratio increased, as 13 funds sold all Altra Industrial Motion Corp shares owned while 44 reduced positions. 11 funds bought stakes while 36 increased positions. They now own 26.41 million shares or 5.84% less from 28.05 million shares in 2016Q1.
Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corp has 0% invested in Altra Industrial Motion Corp (NASDAQ:AIMC) for 12,900 shares. State Common Retirement Fund accumulated 411,020 shares or 0.02% of the stock. Public Employees Retirement Association Of Colorado accumulated 142,000 shares or 0.03% of the stock. The Massachusetts-based Panagora Asset Inc has invested 0.02% in Altra Industrial Motion Corp (NASDAQ:AIMC). Moreover, Deutsche Commercial Bank Ag has 0% invested in Altra Industrial Motion Corp (NASDAQ:AIMC) for 220,545 shares. Frontier Mgmt Limited Liability holds 0.24% or 1.06M shares in its portfolio. Zebra Capital Mngmt Ltd Liability Corporation, a Connecticut-based fund reported 19,410 shares. Renaissance Tech Ltd Llc, a New York-based fund reported 195,300 shares. California Employees Retirement Sys, a California-based fund reported 58,500 shares. Prudential accumulated 0% or 13,136 shares. Macquarie Gru reported 1.37 million shares or 0.07% of all its holdings. Blackrock Inv Mngmt holds 0% or 97,907 shares in its portfolio. Citigroup has 14,270 shares for 0% of their US portfolio. Eagle Boston Investment Mgmt Incorporated reported 210,733 shares or 0.77% of all its holdings. Voya Inv Management Limited Liability Company owns 14,891 shares or 0% of their US portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 12 selling transactions for $3.25 million net activity. $694,620 worth of shares were sold by Christenson Carl R on Monday, November 14. 5,000 Altra Industrial Motion Corp (NASDAQ:AIMC) shares with value of $143,165 were sold by Ganske Lyle G.. $150,000 worth of Altra Industrial Motion Corp (NASDAQ:AIMC) shares were sold by Ferris Gerald P. $250,691 worth of Altra Industrial Motion Corp (NASDAQ:AIMC) shares were sold by WOODWARD JAMES H JR. 10,000 shares were sold by STORCH CHRISTIAN, worth $307,500 on Monday, November 7. Schuele Craig sold $75,000 worth of stock. $72,523 worth of Altra Industrial Motion Corp (NASDAQ:AIMC) shares were sold by DEEGAN GLENN E..
Out of 2 analysts covering Altra Holdings (NASDAQ:AIMC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Altra Holdings has been the topic of 3 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets with “Outperform” on Tuesday, April 5.
Altra Industrial Motion Corp., incorporated on October 20, 2004, is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement. The Company’s product portfolio includes clutches and brakes, couplings and gearing, and power transmission components. The Company’s products are used in a range of manufacturing processes. The Company’s products are also used in non-manufacturing applications, such as clutches and brakes for elevators, and residential and commercial lawnmowers. The Company’s products serve a range of end markets, including energy, general industrial, material handling, mining, transportation, and turf and garden.
More news for Altra Industrial Motion Corp (NASDAQ:AIMC) were recently published by: Marketwatch.com, which released: “Altra Industrial Motion Corp.” on December 09, 2010. Globenewswire.com‘s article titled: “Altra Industrial Motion Corp. to Host Conference Call on Third Quarter 2016 …” and published on October 11, 2016 is yet another important article.
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By Hazel Jackson