Monro Muffler Brak (NASDAQ:MNRO).
Eagle Boston Investment Management Inc says it increased its stake in Monro Muffler Brak shares by 32.4% in the last quarter. Its investment stood at $11,024,000 an increase of $4,948,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (MNRO). As of quarter end California State Teachers Retirement System had sold a total of 5,456 shares trimming its stake by 9.7%. The value of the investment in (MNRO) increased from $2,348,000 to $2,846,000 increasing 21.2% since the last quarter. Ubs Asset Management Americas Inc downsized its investment by selling 8,834 shares a decrease of 97.2% from 06/30/2017 to 09/30/2017. Ubs Asset Management Americas Inc claims 253 shares worth $14,181,000. The value of the position overall is down by 96.3%.
Dimensional Fund Advisors Lp bolstered its stake by buying 127,704 shares an increase of 14.4% as of 09/30/2017. Dimensional Fund Advisors Lp now holds 1,014,967 shares with a value of $56,888,000. The total value of its holdings increased 53.6%.
On October 24 analysts at Oppenheimer Holdings issued a report on MNRO with a rating of “Buy” and projecting a price target of $70.00. On October 24, 2017 KeyCorp maintained a “Hold” rating on the company.
On September 12 Jefferies Group LLC made no change to the company rating of “Buy” targeting a price of $60.00.
The company is so far trading up since yesterday’s close of 48. The company currently has a P/E ratio of 25.96 and market capitalization is 1.58B. In the latest earnings report the EPS was $1.86 with 32.77M shares now outstanding.
Investors are more bullish on shares of the company considering the downtick in short interest. The company had a fall in short interest of -5.08% as of October 13, 2017 from the last reporting period. Short interest fell 256,463 over that timeframe. With short interest at 4,795,824 and short average daily volume at 281,576, days to cover is 17.0 and the percentage of shorted shares is 0.15% as of October 13.