Short Interest To Observe: Evercore Partners Incorporated (NYSE:EVR) Could Improve Your Long Portfolio After Less Shorts Reported

January 11, 2017 - By Nellie Frank   ·   0 Comments

Short Interest To Observe: Evercore Partners Incorporated (NYSE:EVR) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Evercore Partners Incorporated (NYSE:EVR) registered a decrease of 49.63% in short interest. EVR’s total short interest was 779,400 shares in January as published by FINRA. Its down 49.63% from 1.55M shares, reported previously. With 465,900 shares average volume, it will take short sellers 2 days to cover their EVR’s short positions. The short interest to Evercore Partners Incorporated’s float is 2.08%. About 222,677 shares traded hands. Evercore Partners Inc. (NYSE:EVR) has risen 40.56% since June 7, 2016 and is uptrending. It has outperformed by 33.14% the S&P500.

Evercore Partners Inc. is an independent investment banking advisory firm. The company has a market cap of $3.15 billion. The Firm operates through two business divisions: Investment Banking and Investment Management. It has a 37.85 P/E ratio. The Company’s Investment Banking segment includes the Company’s Advisory services, through which Evercore provides advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising multinational firms and private equity firms on various transactions.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q3 2016. Its down 0.02, from 1.07 in 2016Q2. The ratio worsened, as 22 funds sold all Evercore Partners Inc. shares owned while 78 reduced positions. 34 funds bought stakes while 71 increased positions. They now own 34.84 million shares or 1.32% more from 34.38 million shares in 2016Q2.
Boston Private Wealth Ltd Limited Liability Company reported 12,485 shares or 0.02% of all its holdings. Orrstown Financial Services holds 0.02% of its portfolio in Evercore Partners Inc. (NYSE:EVR) for 310 shares. Goldman Sachs Grp Inc Inc Inc last reported 627,742 shares in the company. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Evercore Partners Inc. (NYSE:EVR). The New York-based Blackrock has invested 0% in Evercore Partners Inc. (NYSE:EVR). Moreover, Bancshares Of Ny Mellon has 0.01% invested in Evercore Partners Inc. (NYSE:EVR) for 616,801 shares. Junto Cap Lp has 856,125 shares for 5.79% of their US portfolio. Virginia Retirement Et Al last reported 0.02% of its portfolio in the stock. Ubs Asset Americas Incorporated holds 39,085 shares or 0% of its portfolio. Teacher Retirement Of Texas holds 0% of its portfolio in Evercore Partners Inc. (NYSE:EVR) for 4,269 shares. The Texas-based Employees Retirement Sys Of Texas has invested 0.03% in Evercore Partners Inc. (NYSE:EVR). Balyasny Asset Mgmt Ltd Llc accumulated 124,541 shares or 0.04% of the stock. Capstone Advisors Limited Co holds 4,209 shares or 0% of its portfolio. Paloma Prtnrs Mngmt accumulated 0.01% or 11,629 shares. Ameriprise Fincl, a Minnesota-based fund reported 233,866 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 8 selling transactions for $29.31 million net activity. Another trade for 125,212 shares valued at $6.40M was made by SCHLOSSTEIN RALPH on Wednesday, August 24. SIBBALD ANDREW sold $6.40M worth of Evercore Partners Inc. (NYSE:EVR) on Tuesday, August 23. FRANKEL ADAM B also sold $75,465 worth of Evercore Partners Inc. (NYSE:EVR) shares.

Evercore Partners Inc. (NYSE:EVR) Ratings Coverage

Out of 9 analysts covering Evercore Partners (NYSE:EVR), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Evercore Partners has been the topic of 16 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, November 10 by Susquehanna. Susquehanna maintained the shares of EVR in a report on Monday, October 12 with “Positive” rating. UBS maintained it with “Neutral” rating and $46 target price in Thursday, February 4 report. The firm has “Conviction Buy” rating given on Tuesday, January 12 by Goldman Sachs. As per Monday, November 9, the company rating was downgraded by Nomura. The firm has “Mkt Perform” rating by JMP Securities given on Friday, November 18. Craig Hallum downgraded the stock to “Hold” rating in Wednesday, March 16 report. The company was upgraded on Friday, October 28 by Nomura. The firm has “Neutral” rating given on Wednesday, December 14 by Bank of America.

EVR Company Profile

Evercore Partners Inc. (Evercore), incorporated on July 21, 2005, is an independent investment banking advisory firm. The Firm operates through two business divisions: Investment Banking and Investment Management.

More important recent Evercore Partners Inc. (NYSE:EVR) news were published by: Bloomberg.com which released: “That Evercore-ISI Deal” on January 09, 2017, also Nasdaq.com published article titled: “Evercore Partners Inc (EVR) Ex-Dividend Date Scheduled for November 22, 2016”, Finance.Yahoo.com published: “Zacks.com featured highlights: Nxstage Medical, Humana, Motorola Solutions …” on December 16, 2016. More interesting news about Evercore Partners Inc. (NYSE:EVR) was released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Broadcom, Facebook, Stamps.com, Evercore …” with publication date: December 23, 2016.

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By Nellie Frank

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