After Reaching Milestone, Is Columbus Mckinnon Corporation (NASDAQ:CMCO)’s Short Interest Revealing Something?

February 24, 2018 - By Winifred Garcia

 After Reaching Milestone, Is Columbus Mckinnon Corporation (NASDAQ:CMCO)’s Short Interest Revealing Something?

Investors sentiment increased to 1.44 in 2017 Q3. Its up 0.39, from 1.05 in 2017Q2. It is positive, as 14 investors sold Columbus McKinnon Corporation shares while 40 reduced holdings. 35 funds opened positions while 43 raised stakes. 19.43 million shares or 0.11% more from 19.41 million shares in 2017Q2 were reported.
Skyline Asset Management L P owns 630,750 shares for 1.89% of their portfolio. Renaissance Tech Limited holds 0.01% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO) for 168,885 shares. Castleark Management Limited Liability Co holds 0.24% or 205,223 shares in its portfolio. Netherlands-based Shell Asset Mngmt Com has invested 0.01% in Columbus McKinnon Corporation (NASDAQ:CMCO). Driehaus Capital Mngmt Ltd Limited Liability Company holds 0.2% in Columbus McKinnon Corporation (NASDAQ:CMCO) or 135,241 shares. Us Bank De owns 24,988 shares. Alliancebernstein L P holds 0.02% or 774,895 shares. Tower Rech Capital Limited Com (Trc) invested in 0% or 1,447 shares. Vanguard holds 0% or 871,544 shares. Forest Hill Limited Liability Corp invested in 1.6% or 146,965 shares. 264,273 are owned by Systematic Financial Management Limited Partnership. Loomis Sayles Company L P invested in 386,875 shares or 0.03% of the stock. Congress Asset Mngmt Ma reported 16,631 shares stake. Zacks Management owns 27,386 shares. Victory Management reported 45,625 shares or 0% of all its holdings.

Since August 28, 2017, it had 0 buys, and 2 selling transactions for $101,215 activity.

The stock of Columbus Mckinnon Corporation (NASDAQ:CMCO) registered a decrease of 5.38% in short interest. CMCO’s total short interest was 274,600 shares in February as published by FINRA. Its down 5.38% from 290,200 shares, reported previously. With 133,400 shares average volume, it will take short sellers 2 days to cover their CMCO’s short positions. The short interest to Columbus Mckinnon Corporation’s float is 1.36%.

The stock increased 1.35% or $0.48 during the last trading session, reaching $36.01. About 246,793 shares traded or 57.04% up from the average. Columbus McKinnon Corporation (NASDAQ:CMCO) has risen 68.84% since February 24, 2017 and is uptrending. It has outperformed by 52.14% the S&P500.

Columbus McKinnon Corporation designs, makes, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial end-user markets worldwide. The company has market cap of $829.00 million. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as supplies hoist trolleys; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists. It has a 91.86 P/E ratio. The firm also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; eye, shank, and ramshorn lifting hooks; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices.

Columbus McKinnon Corporation (NASDAQ:CMCO) Ratings Coverage

Among 5 analysts covering Columbus McKinnon (NASDAQ:CMCO), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Columbus McKinnon had 10 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Seaport Global Securities on Monday, January 18. The firm earned “Buy” rating on Thursday, November 2 by Roth Capital. The firm has “Buy” rating by Seaport Global given on Wednesday, January 10. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) earned “Neutral” rating by Sidoti on Wednesday, December 7. The firm has “Buy” rating by Sidoti given on Thursday, January 26. The stock has “Buy” rating by Sidoti on Wednesday, July 29. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given on Monday, January 23 by Seaport Global Securities. The stock has “Sell” rating by Zacks on Monday, September 21. The company was initiated on Friday, July 28 by Roth Capital. Seaport Global Securities downgraded the shares of CMCO in report on Friday, January 15 to “Neutral” rating.

More notable recent Columbus McKinnon Corporation (NASDAQ:CMCO) news were published by: Streetinsider.com which released: “Form 4 COLUMBUS MCKINNON CORP For: Feb 20 Filed by: Paradowski Mark R” on February 21, 2018, also Marketwatch.com with their article: “Columbus McKinnon Corp.” published on May 17, 2017, Businesswire.com published: “Columbus McKinnon Announces Third Quarter Fiscal 2018 Conference Call and Webcast” on January 23, 2018. More interesting news about Columbus McKinnon Corporation (NASDAQ:CMCO) were released by: Businesswire.com and their article: “Columbus McKinnon Names Bert A. Brant Vice President of Global Manufacturing …” published on February 12, 2018 as well as Seekingalpha.com‘s news article titled: “Columbus McKinnon’s (CMCO) CEO Mark Morelli on Q3 2018 Results – Earnings Call …” with publication date: February 06, 2018.

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