Short Interest Coverage: Could Aptargroup Incorporated (NYSE:ATR) Change Direction After More Shorts?

November 24, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Could Aptargroup Incorporated (NYSE:ATR) Change Direction After More Shorts?

The stock of Aptargroup Incorporated (NYSE:ATR) registered an increase of 9.64% in short interest. ATR’s total short interest was 1.55 million shares in November as published by FINRA. Its up 9.64% from 1.41 million shares, reported previously. With 227,100 shares average volume, it will take short sellers 7 days to cover their ATR’s short positions. The short interest to Aptargroup Incorporated’s float is 2.51%. The stock increased 0.74% or $0.56 on November 23, hitting $76.05. About 194,226 shares traded hands. AptarGroup, Inc. (NYSE:ATR) has declined 4.56% since April 22, 2016 and is downtrending. It has underperformed by 9.97% the S&P500.

AptarGroup, Inc. is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The company has a market cap of $4.85 billion. The Firm has manufacturing facilities located in North America, Europe, Asia and South America. It has a 24.67 P/E ratio. The Company’s divisions include Beauty + Home, Pharma and Food + Beverage.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.09, from 1.14 in 2016Q1. The ratio is negative, as 39 funds sold all AptarGroup, Inc. shares owned while 88 reduced positions. 26 funds bought stakes while 119 increased positions. They now own 53.39 million shares or 1.42% less from 54.16 million shares in 2016Q1.
Jpmorgan Chase & Commerce accumulated 1.65M shares or 0.03% of the stock. Mountain Pacific Investment Advisers Incorporated Id last reported 366,255 shares in the company. Utah Retirement Systems holds 11,296 shares or 0.02% of its portfolio. Kayne Anderson Rudnick Mngmt Limited Liability Company has 0.71% invested in the company for 591,490 shares. Bahl Gaynor last reported 0.03% of its portfolio in the stock. Oakbrook Invs Ltd reported 3,300 shares or 0.01% of all its holdings. Champlain Investment Prtn Limited Liability holds 0.64% of its portfolio in AptarGroup, Inc. (NYSE:ATR) for 472,800 shares. Garrison, a Arkansas-based fund reported 43,507 shares. Independent Consultants Inc accumulated 0.05% or 2,020 shares. Moreover, Rhumbline Advisers has 0.03% invested in AptarGroup, Inc. (NYSE:ATR) for 145,918 shares. First Manhattan Commerce holds 0% of its portfolio in AptarGroup, Inc. (NYSE:ATR) for 9,816 shares. Ahl Prtnrs Llp last reported 0.04% of its portfolio in the stock. Colony Grp Incorporated Limited Liability Corp has invested 0.3% of its portfolio in AptarGroup, Inc. (NYSE:ATR). Nicholas Inc Wi accumulated 1.14% or 715,390 shares. Bessemer Gp Inc owns 59,550 shares or 0.03% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 5 sales for $9.37 million net activity. HAGGE STEPHEN J sold $1.91 million worth of AptarGroup, Inc. (NYSE:ATR) on Wednesday, June 1. Shares for $2.26M were sold by PFEIFFER PETER on Tuesday, November 22. 13,100 shares with value of $1.00M were sold by HARRIS KING W on Wednesday, August 3. Another trade for 3,000 shares valued at $235,760 was sold by Kuhn Robert. $3.96 million worth of AptarGroup, Inc. (NYSE:ATR) was sold by Haffar Salim.

AptarGroup, Inc. (NYSE:ATR) Ratings Coverage

Out of 6 analysts covering AptarGroup Inc (NYSE:ATR), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. AptarGroup Inc has been the topic of 12 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The rating was downgraded by Robert W. Baird on Tuesday, January 5 to “Neutral”. The rating was upgraded by Vertical Research on Monday, October 31 to “Hold”. The rating was initiated by Robert W. Baird on Monday, November 16 with “Outperform”. Robert W. Baird maintained the stock with “Neutral” rating in Friday, September 9 report. Macquarie Research initiated it with “Neutral” rating and $72 target price in Tuesday, November 10 report. The stock of AptarGroup, Inc. (NYSE:ATR) earned “Market Perform” rating by BMO Capital Markets on Thursday, September 10. Deutsche Bank upgraded the shares of ATR in a report on Monday, November 2 to “Buy” rating. Jefferies initiated AptarGroup, Inc. (NYSE:ATR) on Thursday, October 13 with “Hold” rating. Bank of America upgraded the stock to “Buy” rating in Tuesday, September 15 report.

ATR Company Profile

AptarGroup, Inc., incorporated on September 3, 1992, is a well-known provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Firm has manufacturing facilities located in North America, Europe, Asia and South America. The Company’s divisions include Beauty + Home, Pharma and Food + Beverage. It offers various dispensing and sealing solutions. The Company’s primary products are dispensing pumps, closures and aerosol valves. It also makes and sells elastomer primary packaging components, which include stoppers for infusion, antibiotic, lyophilization and diagnostic vials. The Company’s elastomer components also include pre-filled syringe components, such as plungers, needle shields, tip caps and cartridges, as well as dropper bulbs and disposable syringe plungers.

Another recent and important AptarGroup, Inc. (NYSE:ATR) news was published by Nasdaq.com which published an article titled: “AptarGroup, Inc. (ATR) Ex-Dividend Date Scheduled for October 31, 2016” on October 28, 2016.

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By Ellis Scott


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