Albany International Corporation (NYSE:AIN)’s Trend Unknown, Especially After Increased Shorts

April 17, 2018 - By Hannah Black

Albany International Corp. (NYSE:AIN) Logo

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.19, from 1.22 in 2017Q3. It turned negative, as 9 investors sold Albany International Corp. shares while 62 reduced holdings. 22 funds opened positions while 51 raised stakes. 28.52 million shares or 1.45% less from 28.94 million shares in 2017Q3 were reported.
Sg Americas Securities Limited Liability Corporation has 5,760 shares for 0% of their portfolio. Gabelli Funds Lc accumulated 95,000 shares. Vanguard Group Inc holds 2.69 million shares or 0.01% of its portfolio. Putnam Investments Limited Co has invested 0% in Albany International Corp. (NYSE:AIN). Paradigm Cap Ny owns 10,000 shares. Timessquare Capital Mngmt Limited Company owns 1.11M shares or 0.45% of their US portfolio. Guggenheim Limited, a Illinois-based fund reported 13,012 shares. Bnp Paribas Arbitrage has invested 0% in Albany International Corp. (NYSE:AIN). Goldman Sachs Group Inc Incorporated invested 0% of its portfolio in Albany International Corp. (NYSE:AIN). Geode Management Limited Liability Company owns 235,766 shares. Envestnet Asset Mngmt invested in 0% or 6,172 shares. Tiaa Cref Mngmt Lc holds 0% or 69,719 shares in its portfolio. 1,471 were reported by Pnc Fincl Services Group. Raymond James & Associates reported 26,403 shares. Financial Bank Of Mellon has 0.01% invested in Albany International Corp. (NYSE:AIN).

The stock of Albany International Corporation (NYSE:AIN) registered an increase of 1.05% in short interest. AIN’s total short interest was 492,200 shares in April as published by FINRA. Its up 1.05% from 487,100 shares, reported previously. With 108,400 shares average volume, it will take short sellers 5 days to cover their AIN’s short positions. The short interest to Albany International Corporation’s float is 1.73%.

The stock increased 0.62% or $0.4 during the last trading session, reaching $64.65. About 41,274 shares traded. Albany International Corp. (NYSE:AIN) has risen 40.79% since April 17, 2017 and is uptrending. It has outperformed by 29.24% the S&P500.

Albany International Corp. engages in textile and materials processing businesses worldwide. The company has market cap of $2.09 billion. The firm operates through Machine Clothing and Albany Engineered Composites (AEC) divisions. It has a 62.83 P/E ratio. The MC segment designs, makes, and markets paper machine clothing.

Albany International Corp. (NYSE:AIN) Ratings Coverage

Among 2 analysts covering Albany International (NYSE:AIN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Albany International had 2 analyst reports since January 9, 2018 according to SRatingsIntel. The stock of Albany International Corp. (NYSE:AIN) has “Hold” rating given on Tuesday, March 6 by Stephens.

Albany International Corp. (NYSE:AIN) Institutional Positions Chart

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