Aceto Cp (NASDAQ:ACET).
Champlain Investment Partners, LLC reports that it decreased its investment in Aceto Cp by 431,393 shares in the quarter ending 09/30/2017. Its position stood at $11,269,000 a decrease of 49.2% according to the filing.
Here are a few institutional investors who have updated their positions. King Luther Capital Management Corp cut its position by selling 441,635 shares a decrease of 77.1% as of 09/30/2017. King Luther Capital Management Corp claims 131,191 shares with a value of $1,473,000. The value of the position overall is down by 83.4%. As of quarter end Perritt Capital Management Inc had sold a total of 3,000 shares trimming its position 2.1%. The value of the investment in Aceto Cp went from $2,197,000 to $1,563,000 a change of 28.9% for the reporting period.
As of the end of the quarter Tiaa Cref Investment Management LLC had acquired 921 shares growing its stake by 0.5%. The value of the investment in ACET decreased from $2,997,000 to $2,189,000 decreasing 27.0% quarter to quarter.
On November 6, 2017 Canaccord Genuity kept a “Buy” rating on the company. Canaccord Genuity issued a report on ACET stating a rating of “Buy” and a price target of $15.00.
On August 28 Canaccord Genuity left the company rating at “Buy” targeting a price of $15.00. On July 31 analysts at Canaccord Genuity updated coverage of ACET with an initial rating of “Buy”.
The company is trading up from yesterday’s close of 9.73. Aceto Cp currently has a P/E ratio of 47.09 and market capitalization is 301.82M. As of the latest earnings report the EPS was $0.21 with 30.64M shares now outstanding.
Traders are feeling more bullish on Aceto Cp lately if you evaluate the motion in short interest. The company had a fall in short interest of -5.90% as of October 13, 2017 from the last reporting period. Short interest decreased 132,512 over that period. The short-interest ratio increased to 8.0 and the percentage of shorted shares was 0.07% on October 13.Advertisement