Pro-NN Inc Institutional Investors Sentiment Runs High in Q4 2017

April 17, 2018 - By Maria Brooks

Sentiment for NN Inc (NASDAQ:NNBR)

NN Inc (NASDAQ:NNBR) institutional sentiment increased to 1.23 in Q4 2017. Its up 0.27, from 0.96 in 2017Q3. The ratio is better, as 49 funds increased and started new holdings, while 40 decreased and sold stakes in NN Inc. The funds in our partner’s database now hold: 24.56 million shares, up from 24.40 million shares in 2017Q3. Also, the number of funds holding NN Inc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 11 Reduced: 29 Increased: 32 New Position: 17.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $621.93 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It has a 3.84 P/E ratio. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

The stock increased 1.12% or $0.25 during the last trading session, reaching $22.55. About 29,073 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 2.97% since April 17, 2017 and is downtrending. It has underperformed by 14.52% the S&P500.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on May, 2. They expect $0.34 EPS, down 27.66 % or $0.13 from last year’s $0.47 per share. NNBR’s profit will be $9.38M for 16.58 P/E if the $0.34 EPS becomes a reality. After $0.30 actual EPS reported by NN, Inc. for the previous quarter, Wall Street now forecasts 13.33 % EPS growth.

Millrace Asset Group Inc. holds 2.78% of its portfolio in NN, Inc. for 105,000 shares. Daruma Capital Management Llc owns 1.55 million shares or 2.67% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.94% invested in the company for 266,642 shares. The Illinois-based Skyline Asset Management Lp has invested 1.81% in the stock. Alphaone Investment Services Llc, a Pennsylvania-based fund reported 148,070 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $64,000 activity.

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart

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