Institutional Investors Are Betting On Columbus Mckinnon Corp (NASDAQ:CMCO)

January 22, 2018 - By Louis Casey

 Institutional Investors Are Betting On Columbus Mckinnon Corp (NASDAQ:CMCO)

Sentiment for Columbus Mckinnon Corp (NASDAQ:CMCO)

Columbus Mckinnon Corp (NASDAQ:CMCO) institutional sentiment increased to 1.44 in 2017 Q3. Its up 0.39, from 1.05 in 2017Q2. The ratio is better, as 78 active investment managers started new and increased positions, while 54 decreased and sold their stock positions in Columbus Mckinnon Corp. The active investment managers in our partner’s database now own: 19.43 million shares, up from 19.41 million shares in 2017Q2. Also, the number of active investment managers holding Columbus Mckinnon Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 40 Increased: 43 New Position: 35.

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 $1.02 billion. 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 49.29 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.

The stock decreased 0.47% or $0.21 during the last trading session, reaching $44.21. About 157,709 shares traded or 21.42% up from the average. Columbus McKinnon Corporation (NASDAQ:CMCO) has risen 68.84% since January 22, 2017 and is uptrending. It has outperformed by 52.14% the S&P500.

Analysts await Columbus McKinnon Corporation (NASDAQ:CMCO) to report earnings on January, 25. They expect $0.31 earnings per share, up 40.91 % or $0.09 from last year’s $0.22 per share. CMCO’s profit will be $7.13M for 35.65 P/E if the $0.31 EPS becomes a reality. After $0.51 actual earnings per share reported by Columbus McKinnon Corporation for the previous quarter, Wall Street now forecasts -39.22 % negative EPS growth.

Spitfire Capital Llc holds 5.98% of its portfolio in Columbus McKinnon Corporation for 378,556 shares. Skyline Asset Management Lp owns 630,750 shares or 1.89% of their US portfolio. Moreover, Forest Hill Capital Llc has 1.6% invested in the company for 146,965 shares. The Oregon-based Pacific Ridge Capital Partners Llc has invested 1.58% in the stock. 1492 Capital Management Llc, a Wisconsin-based fund reported 44,465 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 10 selling transactions for $4.04 million activity.

Columbus McKinnon Corporation (NASDAQ:CMCO) Ratings Coverage

Ratings analysis reveals 80% of Columbus McKinnon’s analysts are positive. Out of 5 Wall Street analysts rating Columbus McKinnon, 4 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $17 while the high is $50.0. The stock’s average target of $40.33 is -8.78% below today’s ($44.21) share price. CMCO was included in 10 notes of analysts from July 29, 2015. Zacks downgraded the stock to “Sell” rating in Monday, September 21 report. The rating was downgraded by Sidoti on Wednesday, December 7 to “Neutral”. The company was initiated on Friday, July 28 by Roth Capital. As per Thursday, November 2, the company rating was maintained by Roth Capital. The rating was maintained by Seaport Global with “Buy” on Wednesday, January 10. As per Thursday, January 26, the company rating was upgraded by Sidoti. Sidoti upgraded Columbus McKinnon Corporation (NASDAQ:CMCO) on Wednesday, July 29 to “Buy” rating. The firm has “Neutral” rating given on Monday, January 18 by Seaport Global Securities. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) earned “Buy” rating by Seaport Global Securities on Monday, January 23. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) earned “Neutral” rating by Seaport Global Securities on Friday, January 15.

More notable recent Columbus McKinnon Corporation (NASDAQ:CMCO) news were published by: Businesswire.com which released: “Columbus McKinnon to Webcast Strategic Plan Briefing Presentation” on January 02, 2018, also Seekingalpha.com with their article: “Columbus McKinnon’s (CMCO) CEO Mark Morelli on Q4 2017 Results – Earnings Call …” published on May 31, 2017, Seekingalpha.com published: “Columbus McKinnon’s (CMCO) CEO Mark Morelli on Q2 2018 Results – Earnings Call …” on October 31, 2017. More interesting news about Columbus McKinnon Corporation (NASDAQ:CMCO) were released by: Seekingalpha.com and their article: “Columbus McKinnon: Turning The Corner” published on June 12, 2017 as well as Globenewswire.com‘s news article titled: “Columbus McKinnon Introduces CM® Rocketâ„¢ Universal Pendant Control” with publication date: August 08, 2017.

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