Columbus Mckinnon (NASDAQ:CMCO).
Eagle Boston Investment Management Inc sold 48,240 shares in the previous quarter decreasing its stake in Columbus Mckinnon (CMCO) by 11.6%. Its investment was worth $14,039,000 an increase of 32.3% according to the filing.
Eagle Boston Investment Management Inc isn’t the only one who has changed their investment in CMCO. Alliancebernstein L.P. bolstered its ownership by buying 761,995 shares an increase of 5,906.9% from 06/30/2017 to 09/30/2017. Alliancebernstein L.P. now controls 774,895 shares valued at $29,345,000. The value of the position overall is up by 8,846.6%. As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 71,980 shares growing its stake by 5.2%. The value of the company’s investment in Columbus Mckinnon increased from $34,906,000 to $54,728,000 a change of 56.8% since the last quarter.
First Mercantile Trust Co downsized its stake by shedding 300 shares a decrease of 7.4% in the quarter. First Mercantile Trust Co currently owns 3,734 shares with a value of $141,000. The total value of its holdings increased 36.9%.
Roth Capital raised the price target on November 2 changing the forecast from $36.00 to $41.00 and stated a “Buy” rating. On August 3 analysts at Roth Capital released research on CMCO and giving a rating of “Buy” and setting a price target of $36.00.
Equity analyst Roth Capital updated guidance on CMCO giving it an initial rating of “Buy”.
The company is down from yesterday’s close of 37.09. The company’s P/E ratio is 42.97 and the market value is 843.81M. In the last earnings report the EPS was $0.85 with 23.00M shares presently outstanding.
Investors are a little more bullish on shares of Columbus Mckinnon recently at least if you consider the fall in short interest. The company recorded a fall in short interest of -15.05% as of October 13, 2017 from the last reporting period. Short interest fell 38,694 over that period. Days to cover decreased from 2.0 to 2.0 and the short interest percentage is 0.01% as of October 13.