Columbus Mckinnon Corporation (NASDAQ:CMCO) Could Improve Your Long Portfolio After Less Shorts Reported

April 20, 2018 - By Henry Gaston

Columbus McKinnon Corporation (NASDAQ:CMCO) Logo

Investors sentiment decreased to 1.41 in 2017 Q4. Its down 0.03, from 1.44 in 2017Q3. It worsened, 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.
Vanguard Group accumulated 882,489 shares. Connor Clark & Lunn Investment Management Ltd stated it has 15,125 shares. Tiaa Cref Invest Mgmt Ltd Company, a New York-based fund reported 57,808 shares. Alliancebernstein Limited Partnership has 761,245 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Columbus McKinnon Corporation (NASDAQ:CMCO) for 38,402 shares. 86,850 were accumulated by Skylands Ltd Liability. 67,000 are owned by Punch And Assoc Inv Mngmt. Los Angeles Mngmt Equity Rech reported 0% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). Sei Investments stated it has 39,820 shares or 0.01% of all its holdings. Blackrock, New York-based fund reported 1.53M shares. Texas-based Westwood Gru Inc has invested 0.05% in Columbus McKinnon Corporation (NASDAQ:CMCO). Morgan Dempsey Management Limited Co stated it has 57,404 shares. Federated Invsts Incorporated Pa has invested 0% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). First Mercantile Tru accumulated 3,894 shares. The New York-based Stone Ridge Asset Management Limited Liability Corp has invested 0.05% in Columbus McKinnon Corporation (NASDAQ:CMCO).

Since December 13, 2017, it had 0 insider buys, and 5 selling transactions for $223,629 activity. Shares for $74,780 were sold by Korman Alan S.

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 rating was maintained by Seaport Global with “Buy” on Wednesday, January 10. Roth Capital maintained it with “Buy” rating and $41.0 target in Thursday, November 2 report.

Columbus McKinnon Corporation (NASDAQ:CMCO) Institutional Positions Chart

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