Trading was heavy with 172K shares changing hands on Tuesday. Volume was up 94.84% over the stocks average daily volume.
Investors are a little more bearish on Oppenheimer Holdings lately as evidenced by the increase in short interest. The company experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 13.16%. Short shares grew from 92,753 to 104,961 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. American International Group Inc expanded its ownership by buying 492 shares an increase of 8.1% as of 09/30/2017. American International Group Inc now holds 6,569 shares worth $114,000. The total value of its holdings increased 14.0%. Citigroup Inc trimmed its holdings by selling 106 shares a decrease of 98.1% from 06/30/2017 to 09/30/2017. Citigroup Inc controls 2 shares valued at $0. The value of the position overall is down by 100.0%.
California State Teachers Retirement System reduced its investment by selling 1,300 shares a decrease of 7.5% in the quarter. California State Teachers Retirement System claims 16,068 shares with a value of $279,000. The total value of its holdings decreased 2.1%. As of the end of the quarter Dimensional Fund Advisors Lp had bought a total of 8,318 shares growing its position 1.5%. The value of the investment in Oppenheimer Holdings increased from $8,950,000 to $9,613,000 a change of $663,000 quarter to quarter.
The company is now down from yesterday’s close of 24.5. Oppenheimer Holdings’s P/E ratio is N/A and market capitalization is 317.90M. In the last earnings report the EPS was $-0.17 with 13.01M shares presently outstanding.
Oppenheimer Holdings Inc., launched on May 11, 2009, is a middle-market investment bank and service broker-dealer. The Company is involved in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), research, market-making, trust services, and investment advisory and asset management services. The Business’s segments are Private Client, Asset Management, Capital Markets, Commercial Mortgage Banking and Corporate/Other. The Business’s subsidiaries include Oppenheimer & Co. Inc. (Oppenheimer), Oppenheimer Asset Management (OAM), Freedom Investments, Inc. (Freedom), Oppenheimer Trust Company (Oppenheimer Trust), OPY Credit Corp. and Oppenheimer Multifamily Housing & Healthcare Finance, Inc. (OMHHF). The Business’s international businesses are carried on through Oppenheimer Europe Ltd. (United Kingdom), Oppenheimer Investments Asia Ltd. (Hong Kong) and Oppenheimer Israel (OPCO) Ltd. (Israel)..