The stock of Altra Industrial Motion Corporation (NASDAQ:AIMC) registered a decrease of 6.57% in short interest. AIMC’s total short interest was 2.08M shares in September as published by FINRA. Its down 6.57% from 2.22M shares, reported previously. With 73,000 shares average volume, it will take short sellers 28 days to cover their AIMC’s short positions. The short interest to Altra Industrial Motion Corporation’s float is 9.6%. About 78,150 shares traded hands. Altra Industrial Motion Corp (NASDAQ:AIMC) has risen 25.84% since February 8, 2016 and is uptrending. It has outperformed by 9.35% the S&P500.
Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission components. The company has a market cap of $707.59 million. The Firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It has a 20.29 P/E ratio. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.
The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.86, from 1.68 in 2016Q1. The ratio worsened, as 13 funds sold all Altra Industrial Motion Corp shares owned while 44 reduced positions. 11 funds bought stakes while 36 increased positions. They now own 26.41 million shares or 5.84% less from 28.05 million shares in 2016Q1.
Spitfire Capital Llc holds 4.62% of its portfolio in Altra Industrial Motion Corp for 368,272 shares. Eagle Boston Investment Management Inc owns 210,733 shares or 0.77% of their US portfolio. Moreover, Alphaone Investment Services Llc has 0.71% invested in the company for 71,741 shares. The Georgia-based Earnest Partners Llc has invested 0.51% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 1.49 million shares.
Out of 2 analysts covering Altra Holdings (NASDAQ:AIMC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Altra Holdings has been the topic of 3 analyst reports since February 4, 2016 according to StockzIntelligence Inc. BMO Capital Markets initiated the stock on April 5 with “Outperform” rating.
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