Noteworthy Short Interest Filing: A Reversal for Allison Transmission Holdings IN (NYSE:ALSN) Is Not Near. The Stock Has Rise in Shorts

November 24, 2016 - By Clifton Ray   ·   0 Comments

Noteworthy Short Interest Filing: A Reversal for Allison Transmission Holdings IN (NYSE:ALSN) Is Not Near. The Stock Has Rise in Shorts

The stock of Allison Transmission Holdings IN (NYSE:ALSN) registered an increase of 48.73% in short interest. ALSN’s total short interest was 1.59 million shares in November as published by FINRA. Its up 48.73% from 1.07 million shares, reported previously. With 1.58 million shares average volume, it will take short sellers 1 days to cover their ALSN’s short positions. The short interest to Allison Transmission Holdings IN’s float is 1.17%. The stock increased 1.12% or $0.36 on November 23, hitting $32.51. About 1.24 million shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 14.71% since April 22, 2016 and is uptrending. It has outperformed by 9.30% the S&P500.

Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The company has a market cap of $5.34 billion. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. It has a 33.15 P/E ratio. The Firm operates through manufacture and distribution of fully-automatic transmissions segment.

Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.04, from 0.86 in 2016Q1. The ratio improved, as 28 funds sold all Allison Transmission Holdings Inc shares owned while 90 reduced positions. 24 funds bought stakes while 77 increased positions. They now own 154.23 million shares or 8.61% less from 168.77 million shares in 2016Q1.
Moreover, Ameriprise Financial has 0% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 244,732 shares. Ngam Advsr Limited Partnership accumulated 70,845 shares or 0.03% of the stock. Manor Road Cap Ptnrs Limited Liability Company owns 1.50M shares or 6.48% of their US portfolio. Comerica Bancorporation has 166,734 shares for 0.04% of their US portfolio. The New York-based Mufg Americas Corporation has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). The Illinois-based Zacks Inv Mngmt has invested 0.04% in Allison Transmission Holdings Inc (NYSE:ALSN). Alliancebernstein L P holds 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 97,400 shares. Voya Investment Lc last reported 46,432 shares in the company. Loews has 0.06% invested in the company for 250,000 shares. Hudson Bay Cap Mgmt Ltd Partnership last reported 0.06% of its portfolio in the stock. Princeton Alpha Mngmt L P last reported 71,253 shares in the company. Tudor Investment Et Al last reported 0.01% of its portfolio in the stock. Paloma Prtnrs Mgmt Company reported 82,739 shares or 0.03% of all its holdings. Highvista Strategies Limited Liability Company holds 0.2% or 37,062 shares in its portfolio. Credit Suisse Ag holds 170,926 shares or 0.01% of its portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 8 selling transactions for $262.41 million net activity. Another trade for 93,210 shares valued at $2.60M was made by Kirk Randall R. on Thursday, August 25. Dean Sharon L. also sold $154,825 worth of Allison Transmission Holdings Inc (NYSE:ALSN) shares. Another trade for 4.30M shares valued at $121.26M was made by ValueAct Holdings – L.P. on Thursday, October 27. Dick Michael sold $726,037 worth of stock. The insider Scroggins Eric C. sold 1,238 shares worth $35,939.

Allison Transmission Holdings Inc (NYSE:ALSN) Ratings Coverage

Out of 10 analysts covering Allison Transmission Holdings (NYSE:ALSN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Allison Transmission Holdings has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Friday, July 29 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating given on Tuesday, September 22 by Deutsche Bank. JP Morgan downgraded it to “Neutral” rating and $29 target price in Friday, October 9 report. Robert W. Baird downgraded the shares of ALSN in a report on Monday, January 4 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, June 14 by Stifel Nicolaus. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. The firm has “Outperform” rating given on Tuesday, March 15 by RBC Capital Markets. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) has “Mkt Outperform” rating given on Wednesday, December 2 by Avondale. On Wednesday, March 2 the stock rating was upgraded by Bank of America to “Buy”. CLSA initiated the shares of ALSN in a report on Friday, September 30 with “Outperform” rating.

ALSN Company Profile

Allison Transmission Holdings, Inc., incorporated on June 22, 2007, and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Firm operates through manufacture and distribution of fully-automatic transmissions segment. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Firm has developed over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with over 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.

More important recent Allison Transmission Holdings Inc (NYSE:ALSN) news were published by: Prnewswire.com which released: “Allison Transmission announces stock repurchase program” on November 16, 2016, also Prnewswire.com published article titled: “Allison Transmission to present at Baird’s 2016 Global Industrial Conference”, Prnewswire.com published: “Technical Roundup on Auto Parts Stocks — Dana, Allison Transmission, Westport …” on November 23, 2016. More interesting news about Allison Transmission Holdings Inc (NYSE:ALSN) was released by: Nasdaq.com and their article: “Allison Transmission Holdings, Inc. (ALSN) Ex-Dividend Date Scheduled for …” with publication date: November 08, 2016.

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By Clifton Ray


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