After Reaching Milestone, Is Altra Industrial Motion Corp (NASDAQ:AIMC)’s Short Interest Revealing Something?

April 17, 2018 - By Margaret Downey

Altra Industrial Motion Corp. (NASDAQ:AIMC) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.19, from 1.3 in 2017Q3. It worsened, as 14 investors sold Altra Industrial Motion Corp. shares while 48 reduced holdings. 21 funds opened positions while 48 raised stakes. 28.68 million shares or 0.42% less from 28.80 million shares in 2017Q3 were reported.
Credit Suisse Ag holds 0% or 36,338 shares in its portfolio. California State Teachers Retirement has invested 0% of its portfolio in Altra Industrial Motion Corp. (NASDAQ:AIMC). Legal General Gru Public Limited Co has 0% invested in Altra Industrial Motion Corp. (NASDAQ:AIMC). Van Den Berg Mngmt I invested in 39,155 shares. State Street accumulated 0% or 604,110 shares. Envestnet Asset stated it has 0% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Comerica Bank & Trust invested 0.02% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Vanguard Grp reported 2.38M shares. Franklin Resource owns 0.02% invested in Altra Industrial Motion Corp. (NASDAQ:AIMC) for 746,455 shares. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Renaissance Techs Limited Liability Co invested in 271,500 shares. Northern Tru Corp owns 366,222 shares. Employees Retirement Systems Of Texas has invested 0.02% of its portfolio in Altra Industrial Motion Corp. (NASDAQ:AIMC). Royal Bank & Trust Of Canada holds 0.01% or 318,605 shares in its portfolio. 72,945 are owned by Voya Inv Mngmt Limited Liability.

Since October 18, 2017, it had 0 buys, and 1 sale for $1.21 million activity. 25,000 shares were sold by Michael Lipscomb S, worth $1.21 million on Thursday, October 26.

The stock of Altra Industrial Motion Corp (NASDAQ:AIMC) registered an increase of 2.45% in short interest. AIMC’s total short interest was 597,500 shares in April as published by FINRA. Its up 2.45% from 583,200 shares, reported previously. With 167,600 shares average volume, it will take short sellers 4 days to cover their AIMC’s short positions. The short interest to Altra Industrial Motion Corp’s float is 2.1%.

The stock increased 1.10% or $0.5 during the last trading session, reaching $46.05. About 205,101 shares traded or 9.57% up from the average. Altra Industrial Motion Corp. (NASDAQ:AIMC) has risen 22.65% since April 17, 2017 and is uptrending. It has outperformed by 11.10% the S&P500.

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company has market cap of $1.35 billion. The firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It has a 26.02 P/E ratio. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, gas and oil, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, gas and oil drilling platforms, mining, material handling, marine, and wind turbine applications.

Altra Industrial Motion Corp. (NASDAQ:AIMC) Ratings Coverage

Among 3 analysts covering Altra Holdings (NASDAQ:AIMC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Altra Holdings had 9 analyst reports since October 20, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 8 by Stephens. The firm earned “Hold” rating on Wednesday, December 13 by Robert W. Baird. Stephens maintained the shares of AIMC in report on Thursday, February 22 with “Overweight” rating. The company was maintained on Thursday, January 25 by BMO Capital Markets. Robert W. Baird maintained Altra Industrial Motion Corp. (NASDAQ:AIMC) on Thursday, February 22 with “Neutral” rating. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, March 8 report. The rating was maintained by Robert W. Baird with “Neutral” on Monday, October 23. The firm earned “Hold” rating on Friday, October 20 by Robert W. Baird. The stock of Altra Industrial Motion Corp. (NASDAQ:AIMC) earned “Outperform” rating by BMO Capital Markets on Friday, February 23.

Altra Industrial Motion Corp. (NASDAQ:AIMC) Ratings Chart

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