Stock On Watch: Is Selling Arctic Cat Inc Here a Winning Strategy?

Stock On Watch: Is Selling Arctic Cat Inc Here a Winning Strategy?

The stock of Arctic Cat Inc (NASDAQ:ACAT) is a huge mover today! About 105,942 shares traded hands. Arctic Cat Inc (NASDAQ:ACAT) has declined 3.24% since April 13, 2016 and is downtrending. It has underperformed by 7.17% the S&P500.
The move comes after 6 months negative chart setup for the $204.78M company. It was reported on Nov, 15 by Barchart.com. We have $12.90 PT which if reached, will make NASDAQ:ACAT worth $28.67M less.

Arctic Cat Inc (NASDAQ:ACAT) Ratings Coverage

Out of 6 analysts covering Arctic Cat (NASDAQ:ACAT), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Arctic Cat has been the topic of 13 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The stock of Arctic Cat Inc (NASDAQ:ACAT) earned “Sell” rating by Wunderlich on Thursday, May 12. Wunderlich upgraded Arctic Cat Inc (NASDAQ:ACAT) on Wednesday, September 14 to “Hold” rating. On Friday, March 11 the stock rating was downgraded by Wunderlich to “Sell”. The company was maintained on Tuesday, December 15 by Wunderlich. Wedbush maintained Arctic Cat Inc (NASDAQ:ACAT) on Friday, January 29 with “Neutral” rating. The firm earned “Neutral” rating on Friday, June 17 by Northcoast. On Monday, January 11 the stock rating was downgraded by Raymond James to “Mkt Perform”. The company was downgraded on Thursday, November 10 by BMO Capital Markets. Jefferies initiated it with “Buy” rating and $19 target price in Friday, September 30 report. The firm earned “Hold” rating on Thursday, October 22 by Wunderlich.

According to Zacks Investment Research, “Arctic Cat, Inc. operates in a single industry segment and designs, engineers , manufactures and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name, as well as related parts, garments and accessories. The company markets its products through a network of independent dealers located throughout the contiguous United States and Canada, and through distributors representing dealers in Alaska, Europe, the Middle East, Asia and other international markets.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.56, from 1.49 in 2016Q1. The ratio is negative, as 16 funds sold all Arctic Cat Inc shares owned while 26 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 12.49 million shares or 0.67% less from 12.57 million shares in 2016Q1.
The New York-based Jpmorgan Chase Co has invested 0% in Arctic Cat Inc (NASDAQ:ACAT). Pinebridge Investments L P, a New York-based fund reported 1,527 shares. Blackrock Fund last reported 885,803 shares in the company. Thomson Horstmann Bryant, a Connecticut-based fund reported 87,410 shares. Rhumbline Advisers has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Great West Life Assurance Can has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Ny State Teachers Retirement Sys has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). South Dakota Invest Council has 20,000 shares for 0.01% of their US portfolio. Fuller Thaler Asset Mngmt holds 0.05% or 156,400 shares in its portfolio. Teton Advsrs Incorporated has 0.04% invested in the company for 25,684 shares. Jacobs Levy Equity last reported 0.01% of its portfolio in the stock. California Public Employees Retirement Systems, a California-based fund reported 59,900 shares. Addison Clark Mngmt Ltd accumulated 2.15% or 80,000 shares. Virginia Retirement Et Al holds 0.01% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT) for 30,200 shares. Parametric Assoc Llc last reported 115,914 shares in the company.

Insider Transactions: Since August 3, 2016, the stock had 1 insider purchase, and 0 sales for $74,450 net activity. 5,000 shares were bought by DUFF ANDREW S, worth $74,450 on Wednesday, August 3.

More notable recent Arctic Cat Inc (NASDAQ:ACAT) news were published by: Fool.com which released: “Better Buy: Polaris Industries Inc. vs. Arctic Cat” on September 22, 2016, also Startribune.com with their article: “Arctic Cat’s turnaround hits another bump with third-quarter loss” published on January 28, 2016, Businesswire.com published: “Arctic Cat Completes Headquarters Move to Minneapolis” on August 17, 2016. More interesting news about Arctic Cat Inc (NASDAQ:ACAT) were released by: Businesswire.com and their article: “Arctic Cat Introduces Second Wave of 2017 ATV and ROV Models” published on September 16, 2016 as well as Law360.com‘s news article titled: “Arctic Cat Defends $46.7M Verdict, Says Patent Not Obvious” with publication date: July 13, 2016.

ACAT Company Profile

Arctic Cat Inc. (Arctic Cat), incorporated on October 29, 1982, designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Firm offers its products under the Arctic Cat and MotorFist brand names. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A. The Firm markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, Russia, South America, the Middle East, China, Asia and other international markets.

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