Is Buying Albany International Corporation (NYSE:AIN) Here Good Idea?

June 17, 2018 - By Winifred Garcia

Albany International Corp. (NYSE:AIN) Logo

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.05, from 1.03 in 2017Q4. It is positive, as 12 investors sold Albany International Corp. shares while 59 reduced holdings. 15 funds opened positions while 62 raised stakes. 27.11 million shares or 4.94% less from 28.52 million shares in 2017Q4 were reported.
Massmutual Comm Fsb Adv accumulated 40 shares. Goldman Sachs Gru accumulated 97,727 shares. First Interstate Savings Bank owns 4,235 shares. 2.73M were accumulated by Vanguard Grp. Guggenheim Ltd Llc invested in 0% or 12,925 shares. State Street accumulated 756,286 shares. Morgan Stanley stated it has 63,105 shares. Tygh Capital Mngmt Incorporated accumulated 1.05% or 88,252 shares. Ls Advisors Limited Liability Corporation holds 0.01% in Albany International Corp. (NYSE:AIN) or 1,599 shares. Cramer Rosenthal Mcglynn Llc stated it has 0.41% of its portfolio in Albany International Corp. (NYSE:AIN). Peak6 Ltd Partnership holds 0% in Albany International Corp. (NYSE:AIN) or 5,146 shares. Signaturefd Limited owns 29 shares. Nwq Investment Mgmt Ltd Liability Corporation holds 1.07% in Albany International Corp. (NYSE:AIN) or 1.07 million shares. Aristotle Cap Boston Llc owns 388,555 shares for 1.15% of their portfolio. Pnc Service accumulated 1,437 shares.

Since May 30, 2018, it had 0 buys, and 1 sale for $9,270 activity.

The stock of Albany International Corporation (NYSE:AIN) registered an increase of 2.87% in short interest. AIN’s total short interest was 523,500 shares in June as published by FINRA. Its up 2.87% from 508,900 shares, reported previously. With 88,800 shares average volume, it will take short sellers 6 days to cover their AIN’s short positions. The short interest to Albany International Corporation’s float is 1.84%.

The stock decreased 0.80% or $0.5 during the last trading session, reaching $62.25. About 207,418 shares traded or 119.48% up from the average. Albany International Corp. (NYSE:AIN) has risen 29.18% since June 17, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.

Albany International Corp. engages in textile and materials processing businesses worldwide. The company has market cap of $2.01 billion. The firm operates through Machine Clothing and Albany Engineered Composites (AEC) divisions. It has a 61.63 P/E ratio. The MC segment designs, makes, and markets paper machine clothing.

Albany International Corp. (NYSE:AIN) Ratings Coverage

Among 2 analysts covering Albany International (NYSE:AIN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Albany International had 2 analyst reports since January 9, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, March 6 by Stephens.

Albany International Corp. (NYSE:AIN) Institutional Positions Chart

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