November 28, 2016 - By Richard Conner · 0 Comments
The stock of Columbus Mckinnon Corporation (NASDAQ:CMCO) registered an increase of 6% in short interest. CMCO’s total short interest was 249,200 shares in November as published by FINRA. Its up 6% from 235,100 shares, reported previously. With 39,900 shares average volume, it will take short sellers 6 days to cover their CMCO’s short positions. The short interest to Columbus Mckinnon Corporation’s float is 1.43%. About 44,260 shares traded hands. Columbus McKinnon Corp. (NASDAQ:CMCO) has risen 59.03% since April 25, 2016 and is uptrending. It has outperformed by 53.01% the S&P500.
Columbus McKinnon Corporation is a global designer, maker and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The company has a market cap of $522.32 million.
Insitutional Activity: The institutional sentiment increased to 1.57 in 2016 Q2. Its up 0.33, from 1.24 in 2016Q1. The ratio improved, as 6 funds sold all Columbus McKinnon Corp. shares owned while 31 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 15.77 million shares or 5.47% less from 16.69 million shares in 2016Q1.
Us Commercial Bank De last reported 27,618 shares in the company. Millennium Limited Co has 0% invested in the company for 81,914 shares. Highbridge Capital Mgmt Ltd has 0% invested in the company for 10,831 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Cna Corporation owns 60,393 shares or 0.21% of their US portfolio. Parametric Port Associate Limited Company last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage, a New York-based fund reported 755 shares. Barrow Hanley Mewhinney Strauss Lc accumulated 103,085 shares or 0% of the stock. Cornercap Investment Counsel Incorporated accumulated 0.23% or 84,220 shares. The New York-based Pzena Invest Mgmt Limited Liability has invested 0.13% in Columbus McKinnon Corp. (NASDAQ:CMCO). Dc Cap Ltd last reported 50,000 shares in the company. Victory Capital, a Ohio-based fund reported 43,850 shares. Geode Mgmt Lc last reported 148,075 shares in the company. Blackrock Institutional Trust Na has 550,850 shares for 0% of their US portfolio. Ameriprise Financial Inc last reported 37,896 shares in the company.
Insider Transactions: Since September 12, 2016, the stock had 0 buys, and 1 sale for $35,824 net activity. 2,000 shares were sold by Korman Alan S, worth $35,824 on Monday, September 12.
Out of 3 analysts covering Columbus McKinnon (NASDAQ:CMCO), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Columbus McKinnon has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) earned “Buy” rating by Sidoti on Wednesday, July 29. Seaport Global Securities downgraded the stock to “Neutral” rating in Friday, January 15 report. The rating was downgraded by Seaport Global Securities to “Neutral” on Monday, January 18. The rating was downgraded by Zacks on Monday, September 21 to “Sell”.
Columbus McKinnon Corporation, incorporated on October 23, 1929, is a global designer, maker and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. These products are typically manufactured for stock or assembled to order from standard components and are sold primarily through various commercial distributors and to a lesser extent, directly to end users. The diverse end users of its products are in various industries, including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, gas and oil exploration and refining, petrochemical, marine, ship building, transportation and heavy duty trucking, agriculture, logging and mining. It also serves entertainment industry, including permanent and traveling concerts, live theater and sporting venues.
More news for Columbus McKinnon Corp. (NASDAQ:CMCO) were recently published by: Bizjournals.com, which released: “Magnetek to be purchased by Columbus McKinnon Corp. for $188.9 million” on July 27, 2015. Globenewswire.com‘s article titled: “Columbus McKinnon Completes Acquisition of Magnetek” and published on September 02, 2015 is yet another important article.
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By Richard Conner