It Seems Columbus Mckinnon Corporation (NASDAQ:CMCO) Will Go Up. Just Reported Less Shorted Shares

April 20, 2018 - By Dolores Ford

Columbus McKinnon Corporation (NASDAQ:CMCO) Logo

Investors sentiment decreased to 1.41 in Q4 2017. Its down 0.03, from 1.44 in 2017Q3. It turned negative, as 11 investors sold Columbus McKinnon Corporation shares while 45 reduced holdings. 30 funds opened positions while 49 raised stakes. 19.49 million shares or 0.27% more from 19.43 million shares in 2017Q3 were reported.
21,600 were accumulated by Strs Ohio. Northern Trust holds 0.01% in Columbus McKinnon Corporation (NASDAQ:CMCO) or 515,920 shares. Tower Rech Capital Ltd Com (Trc), a New York-based fund reported 1,056 shares. Boston Ptnrs has invested 0.01% in Columbus McKinnon Corporation (NASDAQ:CMCO). Pacific Ridge Cap Ptnrs Ltd Com accumulated 1.31% or 123,893 shares. Renaissance Limited Liability Corp, a New York-based fund reported 165,485 shares. Citigroup holds 0% or 5,467 shares in its portfolio. Alliancebernstein L P holds 0.02% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO) for 761,245 shares. Invesco Ltd has 40,394 shares. Vanguard Grp Incorporated reported 0% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). Credit Suisse Ag invested 0% in Columbus McKinnon Corporation (NASDAQ:CMCO). Zacks Invest Management owns 0.02% invested in Columbus McKinnon Corporation (NASDAQ:CMCO) for 28,622 shares. 14,980 are owned by Los Angeles & Equity. Numeric Invsts Limited Liability Corp has invested 0.06% in Columbus McKinnon Corporation (NASDAQ:CMCO). Barclays Public Ltd reported 5,821 shares.

Since December 13, 2017, it had 0 insider purchases, and 5 insider sales for $223,629 activity. Shares for $13,220 were sold by Stewart John H. on Tuesday, March 6.

The stock of Columbus Mckinnon Corporation (NASDAQ:CMCO) registered a decrease of 20.06% in short interest. CMCO’s total short interest was 181,300 shares in April as published by FINRA. Its down 20.06% from 226,800 shares, reported previously. With 130,100 shares average volume, it will take short sellers 1 days to cover their CMCO’s short positions. The short interest to Columbus Mckinnon Corporation’s float is 0.9%.

The stock decreased 0.68% or $0.26 during the last trading session, reaching $37.75. About 60,441 shares traded. Columbus McKinnon Corporation (NASDAQ:CMCO) has risen 47.04% since April 20, 2017 and is uptrending. It has outperformed by 35.49% the S&P500.

Columbus McKinnon Corporation designs, makes, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial end-user markets worldwide. The company has market cap of $869.06 million. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as supplies hoist trolleys; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists. It has a 96.3 P/E ratio. The firm also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; eye, shank, and ramshorn lifting hooks; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices.

Columbus McKinnon Corporation (NASDAQ:CMCO) Ratings Coverage

Among 2 analysts covering Columbus Mckinnon Corp (NASDAQ:CMCO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Columbus Mckinnon Corp had 2 analyst reports since November 2, 2017 according to SRatingsIntel. The firm has “Buy” rating by Seaport Global given on Wednesday, January 10. The company was maintained on Thursday, November 2 by Roth Capital.

Columbus McKinnon Corporation (NASDAQ:CMCO) Institutional Positions Chart

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