Tenet Healthcare (THC) At $19.50 Forms Bottom; Columbus Mckinnon (CMCO) Shorts Down By 2.33%

February 20, 2018 - By Ellis Scott

Columbus Mckinnon Corporation (NASDAQ:CMCO) had a decrease of 2.33% in short interest. CMCO’s SI was 259,400 shares in February as released by FINRA. Its down 2.33% from 265,600 shares previously. With 84,400 avg volume, 3 days are for Columbus Mckinnon Corporation (NASDAQ:CMCO)’s short sellers to cover CMCO’s short positions. The SI to Columbus Mckinnon Corporation’s float is 1.62%. The stock increased 1.11% or $0.39 during the last trading session, reaching $35.6. About 149,470 shares traded or 1.99% up from the average. Columbus McKinnon Corporation (NASDAQ:CMCO) has risen 68.84% since February 20, 2017 and is uptrending. It has outperformed by 52.14% the S&P500.

Tenet Healthcare Corporation (THC) formed multiple bottom with $17.75 target or 9.00% below today’s $19.50 share price. Tenet Healthcare Corporation (THC) has $1.97 billion valuation. The stock increased 0.05% or $0.01 during the last trading session, reaching $19.5. About 2.79M shares traded or 4.95% up from the average. Tenet Healthcare Corporation (NYSE:THC) has declined 36.81% since February 20, 2017 and is downtrending. It has underperformed by 53.51% the S&P500.

Among 5 analysts covering Columbus McKinnon (NASDAQ:CMCO), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Columbus McKinnon had 10 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, January 15, the company rating was downgraded by Seaport Global Securities. The stock has “Buy” rating by Sidoti on Wednesday, July 29. The company was maintained on Wednesday, January 10 by Seaport Global. Seaport Global Securities downgraded Columbus McKinnon Corporation (NASDAQ:CMCO) on Monday, January 18 to “Neutral” rating. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Sell” rating given on Monday, September 21 by Zacks. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) earned “Buy” rating by Sidoti on Thursday, January 26. Roth Capital maintained it with “Buy” rating and $41.0 target in Thursday, November 2 report. The stock has “Buy” rating by Seaport Global Securities on Monday, January 23. The stock has “Neutral” rating by Sidoti on Wednesday, December 7. As per Friday, July 28, the company rating was initiated by Roth Capital.

Investors sentiment increased to 1.44 in 2017 Q3. Its up 0.39, from 1.05 in 2017Q2. It improved, as 14 investors sold Columbus McKinnon Corporation shares while 40 reduced holdings. 35 funds opened positions while 43 raised stakes. 19.43 million shares or 0.11% more from 19.41 million shares in 2017Q2 were reported. Interest Group Inc owns 13,004 shares for 0% of their portfolio. Pacific Ridge Capital Partners Limited Liability has invested 1.58% in Columbus McKinnon Corporation (NASDAQ:CMCO). State Street holds 0% in Columbus McKinnon Corporation (NASDAQ:CMCO) or 378,181 shares. Point72 Asia (Hong Kong) Ltd has invested 0% in Columbus McKinnon Corporation (NASDAQ:CMCO). Nordea Inv Mgmt has invested 0% in Columbus McKinnon Corporation (NASDAQ:CMCO). Pnc Fincl Grp Inc reported 5,200 shares. Moreover, Tower Lc (Trc) has 0% invested in Columbus McKinnon Corporation (NASDAQ:CMCO). 791,842 were reported by Adage Capital Partners Group Lc. Axa invested 0.02% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). 175,640 are held by Lord Abbett Lc. Hennessy Advsrs has 143,900 shares. Moreover, Forest Hill Limited Liability has 1.6% invested in Columbus McKinnon Corporation (NASDAQ:CMCO). Citadel Advsr Ltd invested in 0% or 17,648 shares. Essex Management Communication Limited Liability Company has invested 0.29% in Columbus McKinnon Corporation (NASDAQ:CMCO). Loomis Sayles & Limited Partnership accumulated 0.03% or 386,875 shares.

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 $819.57 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 90.82 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.

Since August 28, 2017, it had 0 insider buys, and 3 insider sales for $133,215 activity. Korman Alan S sold $32,000 worth of stock.

Among 23 analysts covering Tenet Healthcare Corporation (NYSE:THC), 8 have Buy rating, 4 Sell and 11 Hold. Therefore 35% are positive. Tenet Healthcare Corporation has $68 highest and $13 lowest target. $24.25’s average target is 24.36% above currents $19.5 stock price. Tenet Healthcare Corporation had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Wednesday, September 16. Morgan Stanley initiated Tenet Healthcare Corporation (NYSE:THC) on Wednesday, June 7 with “Equal-Weight” rating. On Wednesday, April 5 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was reinitiated by Goldman Sachs with “Neutral” on Tuesday, July 21. Goldman Sachs initiated it with “Hold” rating and $15.0 target in Wednesday, January 3 report. SunTrust maintained Tenet Healthcare Corporation (NYSE:THC) on Friday, October 13 with “Hold” rating. Jefferies maintained the shares of THC in report on Thursday, July 13 with “Buy” rating. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Neutral” rating by Mizuho on Monday, March 27. Leerink Swann maintained the stock with “Outperform” rating in Monday, August 21 report. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Hold” rating by Piper Jaffray on Monday, September 11.

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