What’s Next for Actuant Corporation (NYSE:ATU) After Having More Shares Shorted?

April 18, 2018 - By Migdalia James

Actuant Corporation (NYSE:ATU) Logo

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.08, from 1.37 in 2017Q3. It worsened, as 21 investors sold Actuant Corporation shares while 38 reduced holdings. 19 funds opened positions while 57 raised stakes. 64.66 million shares or 3.05% more from 62.75 million shares in 2017Q3 were reported.
Parametric Port Associate Lc holds 217,634 shares. Morgan Stanley holds 131,607 shares or 0% of its portfolio. Clarkston Cap Prtn Ltd holds 2.6% of its portfolio in Actuant Corporation (NYSE:ATU) for 2.65M shares. Arizona State Retirement Systems owns 0.02% invested in Actuant Corporation (NYSE:ATU) for 100,542 shares. 1.74 million are held by Cramer Rosenthal Mcglynn Ltd Liability Corporation. Balyasny Asset Mgmt Ltd Llc holds 0% or 32,567 shares. Cove Street Lc owns 553,511 shares for 1.51% of their portfolio. California State Teachers Retirement Systems reported 0% in Actuant Corporation (NYSE:ATU). Prudential Fin reported 99,012 shares. Bnp Paribas Arbitrage owns 26,584 shares for 0% of their portfolio. Colorado-based Ghp Invest Advsr has invested 0.27% in Actuant Corporation (NYSE:ATU). Leucadia Corp holds 0.03% or 14,292 shares. Pinebridge Investments Lp invested in 0.04% or 65,039 shares. Raymond James & Assoc holds 588,150 shares. Maryland-based Price T Rowe Associates Md has invested 0% in Actuant Corporation (NYSE:ATU).

The stock of Actuant Corporation (NYSE:ATU) registered an increase of 14.44% in short interest. ATU’s total short interest was 6.34M shares in April as published by FINRA. Its up 14.44% from 5.54 million shares, reported previously. With 835,900 shares average volume, it will take short sellers 8 days to cover their ATU’s short positions. The short interest to Actuant Corporation’s float is 10.75%.

The stock increased 1.89% or $0.45 during the last trading session, reaching $24.3. About 104,727 shares traded. Actuant Corporation (NYSE:ATU) has declined 9.76% since April 18, 2017 and is downtrending. It has underperformed by 21.31% the S&P500.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.48 billion. It operates through three divisions: Industrial, Energy, and Engineered Solutions. It currently has negative earnings. The Industrial segment is primarily involved in the design, manufacture, and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Simplex, Precision-Hayes, Milwaukee Cylinder, and Larzep brand names.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 5 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Actuant had 11 analyst reports since October 24, 2017 according to SRatingsIntel. As per Tuesday, November 14, the company rating was maintained by BMO Capital Markets. The firm earned “Hold” rating on Wednesday, March 21 by BMO Capital Markets. RBC Capital Markets maintained Actuant Corporation (NYSE:ATU) on Wednesday, December 20 with “Hold” rating. The firm earned “Hold” rating on Wednesday, March 21 by RBC Capital Markets. RBC Capital Markets maintained Actuant Corporation (NYSE:ATU) on Tuesday, October 24 with “Hold” rating. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Buy”. Robert W. Baird maintained the shares of ATU in report on Wednesday, March 21 with “Buy” rating. The firm has “Hold” rating given on Thursday, March 22 by Stifel Nicolaus. The firm earned “Hold” rating on Thursday, January 25 by BMO Capital Markets. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, December 20.

Actuant Corporation (NYSE:ATU) Ratings Chart

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