Is Buying Alamo Group Inc (NYSE:ALG), Having Higher Short Interest a Winning Strategy?

June 17, 2018 - By Dolores Ford

Investors sentiment increased to 1.25 in Q1 2018. Its up 0.21, from 1.04 in 2017Q4. It improved, as 12 investors sold Alamo Group Inc. shares while 52 reduced holdings. 32 funds opened positions while 48 raised stakes. 10.53 million shares or 0.33% less from 10.57 million shares in 2017Q4 were reported.
224 were accumulated by Ftb Advsrs. Rhumbline Advisers reported 22,626 shares. Public Sector Pension Investment Board holds 0% or 6,014 shares in its portfolio. Acadian Asset Mgmt Limited Liability Co invested 0.01% in Alamo Group Inc. (NYSE:ALG). State Street Corp holds 0% or 242,045 shares. United Svcs Automobile Association has 0% invested in Alamo Group Inc. (NYSE:ALG) for 2,020 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Alamo Group Inc. (NYSE:ALG). Teacher Retirement System Of Texas invested 0% in Alamo Group Inc. (NYSE:ALG). State Of Tennessee Treasury Department stated it has 6,760 shares. Dimensional Fund Advisors Limited Partnership reported 919,013 shares. Aperio Group Incorporated Limited Co invested in 6,391 shares or 0% of the stock. North Star Investment Mngmt Corp owns 19,040 shares. Us Commercial Bank De accumulated 14,870 shares. National Inv Wi holds 5,164 shares or 0.53% of its portfolio. California State Teachers Retirement has 0% invested in Alamo Group Inc. (NYSE:ALG).

Since March 8, 2018, it had 1 buying transaction, and 5 sales for $2.42 million activity. Shares for $53,772 were sold by Raborn Richard Hodges. 374 shares were sold by Rizzuti Edward, worth $37,090. Malone Dan Edward sold 900 shares worth $102,954. PAROD RICK also bought $114,684 worth of Alamo Group Inc. (NYSE:ALG) on Tuesday, March 20.

The stock of Alamo Group Inc (NYSE:ALG) registered an increase of 8.83% in short interest. ALG’s total short interest was 108,500 shares in June as published by FINRA. Its up 8.83% from 99,700 shares, reported previously. With 40,900 shares average volume, it will take short sellers 3 days to cover their ALG’s short positions. The short interest to Alamo Group Inc’s float is 0.96%.

The stock increased 0.27% or $0.25 during the last trading session, reaching $93.84. About 124,576 shares traded or 86.52% up from the average. Alamo Group Inc. (NYSE:ALG) has risen 14.10% since June 17, 2017 and is uptrending. It has outperformed by 1.53% the S&P500.

Alamo Group Inc. designs, manufactures, and sells agricultural equipment and infrastructure maintenance equipment for governmental and industrial use worldwide. The company has market cap of $1.09 billion. It operates through three divisions: Agricultural, Industrial, and European. It has a 23.57 P/E ratio. The firm offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; cutters and replacement parts for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

Alamo Group Inc. (NYSE:ALG) Institutional Positions Chart

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