As Emcor Group INC (Eme) (EME) Stock Price Declined, Corbyn Investment Management INC Decreased Its Position by $5.22 Million

June 19, 2017 - By Nellie Frank

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.09, from 1.03 in 2016Q3. It improved, as 17 investors sold EME shares while 115 reduced holdings. 55 funds opened positions while 93 raised stakes. 56.10 million shares or 2.22% less from 57.37 million shares in 2016Q3 were reported. Calvert Incorporated holds 0.43% or 162,823 shares. Blackrock Institutional Na reported 2.02 million shares. Leuthold Grp Inc accumulated 10,902 shares or 0.09% of the stock. Bank & Trust Of Montreal Can holds 0% or 53,467 shares in its portfolio. Natixis invested 0% of its portfolio in Emcor Group Inc (NYSE:EME). 388 were reported by Alpha Windward Ltd. Walthausen Co Ltd Llc owns 0.74% invested in Emcor Group Inc (NYSE:EME) for 112,951 shares. Voloridge Lc has 66,309 shares for 0.1% of their portfolio. First Republic Invest Management invested in 0.02% or 32,281 shares. Brinker Capital reported 0.03% stake. Wells Fargo & Mn holds 0.02% or 921,282 shares. Verition Fund Management Limited Liability Company owns 3,690 shares. Swiss National Bank & Trust has 99,900 shares for 0.01% of their portfolio. 124,961 are held by California State Teachers Retirement Sys. Jupiter Asset Mngmt Limited holds 0.07% or 25,826 shares.

Corbyn Investment Management Inc decreased its stake in Emcor Group Inc. (Eme) (EME) by 25.36% based on its latest 2016Q4 regulatory filing with the SEC. Corbyn Investment Management Inc sold 74,628 shares as the company’s stock declined 8.87% while stock markets rallied. The institutional investor held 219,591 shares of the capital goods company at the end of 2016Q4, valued at $15.54 million, down from 294,219 at the end of the previous reported quarter. Corbyn Investment Management Inc who had been investing in Emcor Group Inc. (Eme) for a number of months, seems to be less bullish one the $3.91 billion market cap company. The stock rose 0.92% or $0.6 reaching $65.94. About 28,840 shares traded. Emcor Group Inc (NYSE:EME) has risen 40.80% since June 19, 2016 and is uptrending. It has outperformed by 24.10% the S&P500.

Corbyn Investment Management Inc, which manages about $1.38B and $336.13 million US Long portfolio, upped its stake in Cvs (Cvs) (NYSE:CVS) by 89,364 shares to 142,262 shares, valued at $11.23M in 2016Q4, according to the filing.

Investors wait Emcor Group Inc (NYSE:EME) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.80 EPS, down $0.15 or 15.79 % from last year’s $0.95 same quarter earnings. This translates into $47.44 million profit for EME giving the stock a 20.61 P/E. This is assuming the current $0.80 EPS is accurate. Emcor Group Inc’s Wall Street analysts see -9.09 % negative EPS growth, taking into account the $0.88 EPS reproted in the previous quarter,

More news for Emcor Group Inc (NYSE:EME) were recently published by: Nasdaq.com, which released: “Zacks.com featured highlights: Darden Restaurants, EMCOR Group, Anthem, Humana …” on June 15, 2017. Streetinsider.com‘s article titled: “EMCOR Group (EME) Appoints Carol Lowe to Board” and published on June 01, 2017 is yet another important article.

Emcor Group Inc (NYSE:EME) Ratings Coverage

Among 4 analysts covering EMCOR Group (NYSE:EME), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. EMCOR Group had 9 analyst reports since October 14, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, January 13 by Macquarie Research. The firm earned “Buy” rating on Friday, February 24 by Stifel Nicolaus. Stifel Nicolaus reinitiated the shares of EME in report on Tuesday, January 5 with “Buy” rating. The stock of Emcor Group Inc (NYSE:EME) has “Sector Weight” rating given on Tuesday, July 19 by KeyBanc Capital Markets. On Thursday, December 8 the stock rating was downgraded by Stifel Nicolaus to “Hold”. On Friday, February 26 the stock rating was downgraded by DA Davidson to “Neutral”. The stock has “Buy” rating by Stifel Nicolaus on Friday, October 28. The company was maintained on Monday, May 2 by Stifel Nicolaus.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.