Short Interest Change: Colfax Corporation (NYSE:CFX) Sellers Covered 3.4% of Their Shorts

November 29, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Change: Colfax Corporation (NYSE:CFX) Sellers Covered 3.4% of Their Shorts

The stock of Colfax Corporation (NYSE:CFX) registered a decrease of 3.4% in short interest. CFX’s total short interest was 3.98 million shares in November as published by FINRA. Its down 3.4% from 4.12 million shares, reported previously. With 842,400 shares average volume, it will take short sellers 5 days to cover their CFX’s short positions. The short interest to Colfax Corporation’s float is 4.09%. About 5,487 shares traded hands. Colfax Corp (NYSE:CFX) has risen 11.61% since April 26, 2016 and is uptrending. It has outperformed by 6.35% the S&P500.

Colfax Corporation is an industrial manufacturing and engineering company. The company has a market cap of $4.37 billion. The Firm provides gas and fluid-handling and fabrication technology services and products to commercial and governmental clients around the world under Howden, ESAB and Colfax Fluid Handling brand names. It has a 33.17 P/E ratio. The Company’s divisions include Gas and Fluid Handling, and Fabrication Technology.

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.53, from 1.35 in 2016Q1. The ratio turned negative, as 23 funds sold all Colfax Corp shares owned while 55 reduced positions. 30 funds bought stakes while 75 increased positions. They now own 94.63 million shares or 3.42% less from 97.97 million shares in 2016Q1.
Schwab Charles Inv Mngmt Inc has invested 0.01% of its portfolio in Colfax Corp (NYSE:CFX). Akre Ltd Co owns 6.10 million shares or 3.42% of their US portfolio. Blackrock Japan has 1,605 shares for 0% of their US portfolio. Blackrock Grp holds 417,269 shares or 0.01% of its portfolio. Mgmt reported 260 shares or 0% of all its holdings. Kelly Lawrence W & Associate Ca owns 183,800 shares or 1.12% of their US portfolio. The Washington-based Parametric Port Ltd Liability has invested 0% in Colfax Corp (NYSE:CFX). Metropolitan Life Ins New York accumulated 0% or 2,906 shares. Motley Fool Wealth Mgmt Lc has 211,336 shares for 0.61% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 2,850 shares in the company. Moreover, Credit Suisse Ag has 0% invested in Colfax Corp (NYSE:CFX) for 56,573 shares. Next Financial Grp Incorporated last reported 0% of its portfolio in the stock. Engineers Gate Manager Lp reported 77,369 shares or 0.15% of all its holdings. Fairfax Can, a Ontario – Canada-based fund reported 16,300 shares. California State Teachers Retirement reported 213,869 shares or 0.01% of all its holdings.

Colfax Corp (NYSE:CFX) Ratings Coverage

Out of 13 analysts covering Colfax (NYSE:CFX), 6 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 46% are positive. Colfax has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, December 4 by Oppenheimer. The stock has “Equalweight” rating given by Barclays Capital on Monday, July 18. Cowen & Co upgraded Colfax Corp (NYSE:CFX) on Friday, December 11 to “Outperform” rating. The stock of Colfax Corp (NYSE:CFX) earned “Sell” rating by Citigroup on Friday, July 29. The rating was downgraded by Argus Research on Tuesday, July 28 to “Hold”. The stock of Colfax Corp (NYSE:CFX) earned “Buy” rating by Stifel Nicolaus on Thursday, October 15. Barclays Capital downgraded the shares of CFX in a report on Monday, October 5 to “Underweight” rating. The stock of Colfax Corp (NYSE:CFX) has “Sell” rating given on Thursday, January 21 by Citigroup. Gabelli initiated Colfax Corp (NYSE:CFX) on Tuesday, March 29 with “Hold” rating. BB&T Capital upgraded Colfax Corp (NYSE:CFX) on Tuesday, May 17 to “Buy” rating.

CFX Company Profile

Colfax Corporation, incorporated on February 25, 1998, is an industrial manufacturing and engineering company. The Firm provides gas and fluid-handling and fabrication technology services and products to commercial and governmental clients around the world. The Company’s divisions include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems, and controls and specialty valves, which serves clients in the power generation, oil, gas and petrochemical, mining, marine (including defense), and general industrial and other end markets. The Fabrication technology segment is a supplier of welding equipment and consumables, cutting equipment and consumables, and automated welding and cutting systems.

More news for Colfax Corp (NYSE:CFX) were recently published by: Realmoney.Thestreet.com, which released: “Colfax Corp.’s New CFO Has a Winning Record” on June 03, 2016. Blogs.Wsj.com‘s article titled: “CFO Moves: Colfax Corp., Nektar Therapeutics, Western Refining Logistics” and published on June 02, 2016 is yet another important article.

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