Short Interest To Observe: Could Ametek Incorporated New (NYSE:AME) Skyrocket? The Stock Had Too Little Sellers

November 24, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest To Observe: Could Ametek Incorporated New (NYSE:AME) Skyrocket? The Stock Had Too Little Sellers

The stock of Ametek Incorporated New (NYSE:AME) registered a decrease of 2.99% in short interest. AME’s total short interest was 4.16 million shares in November as published by FINRA. Its down 2.99% from 4.29M shares, reported previously. With 1.61M shares average volume, it will take short sellers 3 days to cover their AME’s short positions. The short interest to Ametek Incorporated New’s float is 1.82%. The stock decreased 0.17% or $0.08 on November 23, hitting $47.47. About 1.71M shares traded hands. AMETEK, Inc. (NYSE:AME) has declined 7.18% since April 22, 2016 and is downtrending. It has underperformed by 12.59% the S&P500.

AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices. The company has a market cap of $10.97 billion. The Firm operates through two divisions: Electronic Instruments (EIG) and Electromechanical (EMG). It has a 20.72 P/E ratio. EIG creates and makes advanced instruments for the process, aerospace, power and industrial markets.

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.11, from 0.88 in 2016Q1. The ratio increased, as 36 funds sold all AMETEK, Inc. shares owned while 146 reduced positions. 31 funds bought stakes while 129 increased positions. They now own 197.23 million shares or 3.59% less from 204.57 million shares in 2016Q1.
Mackenzie Financial Corp accumulated 0.03% or 120,100 shares. Capstone Asset Mngmt accumulated 0.08% or 60,141 shares. Ameritas Invest Ptnrs has 4,525 shares for 0.01% of their US portfolio. The United Kingdom-based Baring Asset Mgmt Limited has invested 0.13% in AMETEK, Inc. (NYSE:AME). First Manhattan has 6,946 shares for 0% of their US portfolio. Blackrock Advsr Lc holds 0.03% or 533,386 shares in its portfolio. Exxonmobil Investment Mgmt Tx accumulated 60,418 shares or 0.06% of the stock. Checchi Advisers Ltd Llc has invested 0.01% of its portfolio in AMETEK, Inc. (NYSE:AME). Cls Lc, a Nebraska-based fund reported 675 shares. Ativo Cap Mngmt Ltd Com accumulated 28,632 shares or 0.32% of the stock. Motco owns 9,150 shares or 0.05% of their US portfolio. Lateef Invest Management Ltd Partnership holds 0.41% of its portfolio in AMETEK, Inc. (NYSE:AME) for 258,316 shares. Winslow Evans Crocker reported 100 shares or 0% of all its holdings. Citadel Advsrs Lc has invested 0.05% of its portfolio in AMETEK, Inc. (NYSE:AME). Snyder Cap L P has 116,987 shares for 0.35% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 5 selling transactions for $1.88 million net activity. Hardin John Wesley had sold 3,000 shares worth $138,074. Kohlhagen Steven W had sold 2,050 shares worth $100,348 on Friday, August 19. 6,500 AMETEK, Inc. (NYSE:AME) shares with value of $291,808 were sold by Marecic Thomas C. Another trade for 1,350 shares valued at $64,577 was sold by MALONE JAMES R.

AMETEK, Inc. (NYSE:AME) Ratings Coverage

Out of 10 analysts covering AMETEK (NYSE:AME), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. AMETEK has been the topic of 20 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Tuesday, August 9. The stock has “Outperform” rating given by William Blair on Tuesday, March 22. The company was maintained on Wednesday, November 2 by Stifel Nicolaus. The firm earned “Neutral” rating on Friday, April 29 by Robert W. Baird. RBC Capital Markets maintained the shares of AME in a report on Wednesday, October 28 with “Outperform” rating. The firm has “Neutral” rating given on Friday, April 29 by Atlantic Securities. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 5. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 5. Stifel Nicolaus maintained it with “Buy” rating and $50 target price in Friday, August 5 report. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets.

AME Company Profile

AMETEK, Inc. (AMETEK), incorporated on May 8, 1986, is a maker of electronic instruments and electromechanical devices with activities in North America, Europe, Asia and South America. The Firm operates through two divisions: Electronic Instruments (EIG) and Electromechanical (EMG). EIG creates and makes advanced instruments for the process, aerospace, power and industrial markets. EMG is a supplier of electrical interconnects, precision motion control solutions, specialty metals, thermal management systems, and floor care and specialty motors. The Company’s end markets include aerospace and defense, medical, factory automation, mass transit, petrochemical and other industrial markets.

More recent AMETEK, Inc. (NYSE:AME) news were published by: Prnewswire.com which released: “AMETEK To Present At Baird’s 2016 Global Industrial Conference” on November 04, 2016. Also Prnewswire.com published the news titled: “AMETEK Announces Third Quarter 2016 Results” on November 01, 2016. Prnewswire.com‘s news article titled: “AMETEK Acquires Laserage Technology Corporation” with publication date: November 01, 2016 was also an interesting one.

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By Marguerite Chambers


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