Short Interest Coverage: What’s Ahead for Crane Company (NYSE:CR) After More Shorted Shares?

November 30, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: What’s Ahead for Crane Company (NYSE:CR) After More Shorted Shares?

The stock of Crane Company (NYSE:CR) registered an increase of 25.78% in short interest. CR’s total short interest was 393,300 shares in November as published by FINRA. Its up 25.78% from 312,700 shares, reported previously. With 370,000 shares average volume, it will take short sellers 1 days to cover their CR’s short positions. The short interest to Crane Company’s float is 0.79%. Crane Co. (NYSE:CR) has risen 29.32% since April 27, 2016 and is uptrending. It has outperformed by 24.09% the S&P500.

Crane Co. is a diversified manufacturer of engineered industrial products. The company has a market cap of $4.30 billion. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. It has a 17.59 P/E ratio. The Fluid Handling segment is a well-known provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.17, from 1.22 in 2016Q1. The ratio improved, as 25 funds sold all Crane Co. shares owned while 76 reduced positions. 32 funds bought stakes while 91 increased positions. They now own 33.45 million shares or 9.63% less from 37.02 million shares in 2016Q1.
Eaton Vance Mngmt last reported 0% of its portfolio in the stock. Edge Asset Mngmt Incorporated last reported 0.36% of its portfolio in the stock. New York State Teachers Retirement last reported 79,759 shares in the company. Deprince Race Zollo Incorporated accumulated 0.04% or 38,732 shares. Bessemer Grp Inc last reported 90,348 shares in the company. Canada Pension Plan Investment Board accumulated 23,500 shares or 0.01% of the stock. Duncker Streett And Co accumulated 0% or 45 shares. Nationwide Fund holds 231,008 shares or 0.06% of its portfolio. Svcs Automobile Association has invested 0% of its portfolio in Crane Co. (NYSE:CR). Gfs Limited Liability holds 0.17% or 12,600 shares in its portfolio. Freestone Holdg Ltd Company owns 335,531 shares or 1.86% of their US portfolio. Perkins Capital Mgmt holds 0.53% or 8,200 shares in its portfolio. Moreover, Da Davidson And has 0.01% invested in Crane Co. (NYSE:CR) for 3,037 shares. Reynders Mcveigh Cap Limited Liability Corporation last reported 5,500 shares in the company. Piermont Incorporated holds 0.66% or 45,205 shares in its portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 10 insider sales for $3.49 million net activity. Another trade for 5,000 shares valued at $371,460 was sold by PANTALEONI A D. Cook Donald G sold $101,547 worth of Crane Co. (NYSE:CR) on Wednesday, November 2. 4,000 shares were sold by LOCHNER PHILIP R, worth $259,580 on Monday, August 15. 90 shares were sold by Craney Thomas J, worth $5,845 on Friday, August 12. 2,789 shares were sold by TULLIS JAMES L L, worth $190,088 on Tuesday, November 1. Another trade for 4,000 shares valued at $259,852 was made by BIGELOW E THAYER on Wednesday, August 24. ELLIS BRADLEY also sold $651,397 worth of Crane Co. (NYSE:CR) shares.

Crane Co. (NYSE:CR) Ratings Coverage

Out of 11 analysts covering Crane (NYSE:CR), 3 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. Crane has been the topic of 20 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Crane Co. (NYSE:CR) earned “Market Perform” rating by Avondale on Thursday, October 15. RBC Capital Markets maintained Crane Co. (NYSE:CR) on Wednesday, October 28 with “Sector Perform” rating. The company was maintained on Wednesday, October 26 by Stifel Nicolaus. The stock of Crane Co. (NYSE:CR) earned “Outperform” rating by William Blair on Tuesday, August 18. The rating was upgraded by Bank of America to “Neutral” on Friday, July 29. The rating was initiated by Oppenheimer on Thursday, November 17 with “Perform”. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, January 27. The stock of Crane Co. (NYSE:CR) earned “Buy” rating by Seaport Global on Thursday, January 21. The rating was initiated by Topeka Capital Markets with “Buy” on Thursday, May 26. The rating was downgraded by UBS to “Neutral” on Wednesday, April 27.

CR Company Profile

Crane Co. (Crane), incorporated on April 3, 1985, is a diversified maker of engineered industrial products. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Company’s markets are chemicals, power, gas and oil, aerospace and defense, along with a range of general industrial and consumer related end markets.

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By Ellis Scott


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