The stock of Allegion Public Limited Company (NYSE:ALLE) registered a decrease of 7.15% in short interest. ALLE’s total short interest was 1.36M shares in September as published by FINRA. Its down 7.15% from 1.46M shares, reported previously. With 444,000 shares average volume, it will take short sellers 3 days to cover their ALLE’s short positions. The short interest to Allegion Public Limited Company’s float is 1.42%. The stock decreased 1.01% or $0.68 on September 13, hitting $66.58. About 541,461 shares traded hands. Allegion PLC (NYSE:ALLE) has risen 25.31% since February 8, 2016 and is uptrending. It has outperformed by 8.82% the S&P500.
Allegion Public Limited Company is a well-known provider of security products and solutions. The company has a market cap of $6.44 billion. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. It has a 32.7 P/E ratio. It operates through three divisions: Americas; Europe, the Middle East, India and Africa , and Asia Pacific.
The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.39, from 1.13 in 2016Q1. The ratio worsened, as 42 funds sold all Allegion PLC shares owned while 130 reduced positions. 28 funds bought stakes while 99 increased positions. They now own 83.07 million shares or 0.58% less from 83.55 million shares in 2016Q1.
Crestwood Capital Management L.P. holds 5.91% of its portfolio in Allegion PLC for 339,200 shares. Falcon Edge Capital Lp owns 727,344 shares or 3.7% of their US portfolio. Moreover, Blue Ridge Capital L.L.C. has 2.06% invested in the company for 2.30 million shares. The New York-based Valinor Management L.P. has invested 2.06% in the stock. Raveneur Investment Group Lp, a New York-based fund reported 100,877 shares.
Out of 7 analysts covering Allegion PLC (NYSE:ALLE), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Allegion PLC has been the topic of 11 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated the stock on June 10 with “Buy” rating.
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