Could Alamo Group Inc (NYSE:ALG) See a Reversal After More Sellers Came In?

June 17, 2018 - By Linda Rogers

Investors sentiment increased to 1.25 in Q1 2018. Its up 0.21, from 1.04 in 2017Q4. It is positive, 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.
Zacks Inv Management has invested 0.02% in Alamo Group Inc. (NYSE:ALG). Arizona State Retirement owns 0.02% invested in Alamo Group Inc. (NYSE:ALG) for 15,031 shares. Campbell & Invest Adviser Lc holds 0.27% or 2,916 shares. Credit Suisse Ag owns 10,622 shares. Thrivent For Lutherans holds 6,115 shares. 55,705 were accumulated by Punch Mgmt. Td Asset Mngmt has 7,200 shares for 0% of their portfolio. Deutsche Retail Bank Ag has invested 0% in Alamo Group Inc. (NYSE:ALG). Franklin Res Inc reported 0.02% of its portfolio in Alamo Group Inc. (NYSE:ALG). Principal Gru has invested 0.01% in Alamo Group Inc. (NYSE:ALG). First Trust Ltd Partnership has 0% invested in Alamo Group Inc. (NYSE:ALG) for 7,262 shares. Moreover, Prelude Capital Management Ltd Limited Liability Company has 0% invested in Alamo Group Inc. (NYSE:ALG). Advsrs Asset owns 0.03% invested in Alamo Group Inc. (NYSE:ALG) for 17,187 shares. 197,086 are owned by Pnc Fincl Services Gp. Grace White holds 64,628 shares.

Since March 8, 2018, it had 1 insider purchase, and 5 selling transactions for $2.42 million activity. 19,500 Alamo Group Inc. (NYSE:ALG) shares with value of $1.82 million were sold by ROBINSON RONALD A. Rizzuti Edward sold $37,090 worth of stock. Another trade for 569 shares valued at $53,772 was made by Raborn Richard Hodges on Wednesday, June 13. 900 shares valued at $102,954 were sold by Malone Dan Edward on Thursday, March 8.

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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