Today’s Short Interest Alert: Is Buying Affiliated Managers Group (NYSE:AMG), Having Lower Short Interest a Winning Strategy?

November 23, 2016 - By Peter Erickson   ·   0 Comments

Today's Short Interest Alert: Is Buying Affiliated Managers Group (NYSE:AMG), Having Lower Short Interest a Winning Strategy?

The stock of Affiliated Managers Group (NYSE:AMG) registered a decrease of 16.01% in short interest. AMG’s total short interest was 884,900 shares in November as published by FINRA. Its down 16.01% from 1.05 million shares, reported previously. With 510,700 shares average volume, it will take short sellers 2 days to cover their AMG’s short positions. The short interest to Affiliated Managers Group’s float is 1.65%. About 217,012 shares traded hands. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 16.88% since April 21, 2016 and is downtrending. It has underperformed by 22.21% the S&P500.

Affiliated Managers Group, Inc. is an asset management firm with equity investments in boutique investment management firms . The company has a market cap of $8.12 billion. The Firm is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. It has a 17 P/E ratio. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.15, from 1.09 in 2016Q1. The ratio worsened, as 45 funds sold all Affiliated Managers Group, Inc. shares owned while 153 reduced positions. 58 funds bought stakes while 157 increased positions. They now own 50.01 million shares or 3.99% less from 52.09 million shares in 2016Q1.
Northcoast Asset Management Lc accumulated 1.5% or 156,185 shares. Pnc Svcs Grp Incorporated last reported 26,415 shares in the company. Twin Focus Capital Limited Liability owns 2,000 shares or 0.22% of their US portfolio. Engineers Gate Manager L P owns 17,400 shares or 0.18% of their US portfolio. Blackrock Inc, a New York-based fund reported 113,489 shares. Amalgamated Retail Bank accumulated 4,508 shares or 0.04% of the stock. Capstone Asset Mngmt last reported 3,372 shares in the company. Ledyard Savings Bank owns 112 shares or 0% of their US portfolio. The Florida-based Finemark Bankshares And Tru has invested 0% in Affiliated Managers Group, Inc. (NYSE:AMG). Clearbridge Investments Limited Liability Corporation, a New York-based fund reported 302,001 shares. Mu has 790 shares for 0.08% of their US portfolio. Sumitomo Life Ins Company, a Japan-based fund reported 8,255 shares. Cornerstone Capital Mgmt Holding Ltd Liability Corp reported 11,579 shares or 0.01% of all its holdings. Cornerstone Capital Limited Liability Company has 2.46% invested in the company for 330,886 shares. Palisade Capital Limited Liability Com Nj accumulated 3,421 shares or 0.02% of the stock.

Affiliated Managers Group, Inc. (NYSE:AMG) Ratings Coverage

Out of 8 analysts covering Affiliated Managers Group (NYSE:AMG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Affiliated Managers Group has been the topic of 30 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the shares of AMG in a report on Monday, March 21 with “Buy” rating. ABN Amro upgraded it to “Buy” rating and $13 target price in Monday, May 9 report. The firm earned “Buy” rating on Friday, September 18 by Deutsche Bank. The stock has “Buy” rating given by Deutsche Bank on Tuesday, January 26. The rating was maintained by Jefferies with “Buy” on Wednesday, October 7. Jefferies maintained it with “Buy” rating and $195 target price in Monday, July 11 report. Wood maintained the shares of AMG in a report on Thursday, September 3 with “Outperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 5 report. Citigroup upgraded Affiliated Managers Group, Inc. (NYSE:AMG) on Monday, April 25 to “Buy” rating. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Outperform” rating given on Wednesday, February 3 by Barrington Research.

AMG Company Profile

Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management firm with equity investments in boutique investment management firms (Affiliates). The Firm is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. The Firm manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth. Through its Affiliates, the Company manages active return-oriented strategies primarily through separate accounts for large institutional investors around the world, including foundations, endowments, sovereign wealth funds and retirement plans for firms and municipalities. The Company’s aggregate assets under management are $611.3 billion in over 500 investment products across a range of active return-oriented strategies and distribution channels.

More recent Affiliated Managers Group, Inc. (NYSE:AMG) news were published by: Nasdaq.com which released: “Affiliated Managers Group Inc. Becomes Oversold” on October 31, 2016. Also Bostonglobe.com published the news titled: “Affiliated Managers Group CEO paid $17.5m last year” on April 29, 2016. Fool.com‘s news article titled: “Affiliated Managers Group Attracts Cash Flows Despite Tough Markets” with publication date: October 31, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Peter Erickson


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>