Price Action Alert: Does Arctic Cat Inc Have Any Gas After Today’s Significant Increase?

Price Action Alert: Does Arctic Cat Inc Have Any Gas After Today's Significant Increase?

The stock of Arctic Cat Inc (NASDAQ:ACAT) is a huge mover today! About 85,135 shares traded hands. Arctic Cat Inc (NASDAQ:ACAT) has declined 5.60% since April 20, 2016 and is downtrending. It has underperformed by 10.15% the S&P500.
The move comes after 7 months positive chart setup for the $213.10M company. It was reported on Nov, 22 by Barchart.com. We have $16.60 PT which if reached, will make NASDAQ:ACAT worth $8.52M more.

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) has “Buy” rating given on Friday, September 30 by Jefferies. The stock of Arctic Cat Inc (NASDAQ:ACAT) earned “Sell” rating by Wunderlich on Thursday, May 12. On Monday, October 26 the stock rating was upgraded by BMO Capital Markets to “Market Perform”. The firm has “Neutral” rating given on Friday, January 29 by Wedbush. BMO Capital Markets downgraded Arctic Cat Inc (NASDAQ:ACAT) on Thursday, November 10 to “Underperform” rating. As per Monday, January 11, the company rating was downgraded by Raymond James. The rating was downgraded by Northcoast to “Neutral” on Friday, June 17. As per Friday, March 11, the company rating was downgraded by Wunderlich. The rating was upgraded by Wunderlich on Wednesday, September 14 to “Hold”. The rating was maintained by Wunderlich on Tuesday, December 15 with “Hold”.

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 increased to 1.29 in 2016 Q2. Its up 0.36, from 0.93 in 2016Q1. The ratio is positive, 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.
California Pub Employees Retirement System holds 0% or 59,900 shares in its portfolio. Blackrock Fund Advsr owns 885,803 shares or 0% of their US portfolio. Vanguard Grp Inc last reported 0% of its portfolio in the stock. Ameriprise accumulated 0% or 191,611 shares. South Dakota Invest Council last reported 20,000 shares in the company. Fuller And Thaler Asset Mgmt Inc, a California-based fund reported 156,400 shares. Pinebridge L P holds 0% or 1,527 shares in its portfolio. Tower Rech Limited Liability Corporation (Trc) has 200 shares for 0% of their US portfolio. Wells Fargo And Mn has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Tiaa Cref Invest Mgmt Lc has 40,194 shares for 0% of their US portfolio. Invest Counselors Of Maryland accumulated 553,297 shares or 0.52% of the stock. Great West Life Assurance Company Can, a Manitoba – Canada-based fund reported 765 shares. Granite Inv Partners Limited Liability reported 62,363 shares or 0.08% of all its holdings. King Luther Mgmt last reported 145,712 shares in the company. Virginia Retirement Systems Et Al last reported 0.01% of its portfolio in the stock.

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

More important 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 published article titled: “Arctic Cat’s turnaround hits another bump with third-quarter loss”, Businesswire.com published: “Arctic Cat Completes Headquarters Move to Minneapolis” on August 17, 2016. More interesting news about Arctic Cat Inc (NASDAQ:ACAT) was released by: Businesswire.com and their article: “Arctic Cat Introduces Second Wave of 2017 ATV and ROV Models” with publication date: September 16, 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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