Institutional Investor’s Pro-NN Inc (NASDAQ:NNBR) Sentiment In Q2 2018

Sentiment for NN Inc (NASDAQ:NNBR)

NN Inc (NASDAQ:NNBR) institutional sentiment increased to 1.32 in 2018 Q2. Its up 0.44, from 0.88 in 2018Q1. The ratio increased, as 49 funds increased and opened new holdings, while 37 sold and decreased holdings in NN Inc. The funds in our partner’s database now possess: 24.96 million shares, down from 25.31 million shares in 2018Q1. Also, the number of funds holding NN Inc in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 8 Reduced: 29 Increased: 34 New Position: 15.

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 $283.78 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It has a 28.93 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 1.35% or $0.09 during the last trading session, reaching $6.74. About 708,364 shares traded or 0.75% up from the average. NN, Inc. (NASDAQ:NNBR) has declined 36.43% since December 7, 2017 and is downtrending. It has underperformed by 52.05% the S&P500.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on March, 14. They expect $0.28 earnings per share, down 6.67 % or $0.02 from last year’s $0.3 per share. NNBR’s profit will be $11.79 million for 6.02 P/E if the $0.28 EPS becomes a reality. After $0.30 actual earnings per share reported by NN, Inc. for the previous quarter, Wall Street now forecasts -6.67 % negative EPS growth.

Millrace Asset Group Inc. holds 2.02% of its portfolio in NN, Inc. for 140,000 shares. Wilen Investment Management Corp. owns 150,000 shares or 2.02% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.49% invested in the company for 339,422 shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 0.76% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 720,407 shares.

Since January 1, 0001, it had 3 insider buys, and 0 sales for $103,387 activity.

NN, Inc. (NASDAQ:NNBR) Ratings Coverage

Ratings analysis reveals 50% of NN’s analysts are positive. Out of 2 Wall Street analysts rating NN, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $18 while the high is $28. The stock’s average target of $23 is 241.25% above today’s ($6.74) share price. NNBR was included in 3 notes of analysts from July 16, 2018. Stifel Nicolaus maintained NN, Inc. (NASDAQ:NNBR) on Thursday, October 11 with “Hold” rating. KeyBanc Capital Markets maintained NN, Inc. (NASDAQ:NNBR) on Monday, July 16 with “Overweight” rating. The firm earned “Hold” rating on Monday, August 13 by Stifel Nicolaus.

More notable recent NN, Inc. (NASDAQ:NNBR) news were published by: Benzinga.com which released: “65 Stocks Moving In Thursday’s Mid-Day Session – Benzinga” on November 08, 2018, also Nasdaq.com with their article: “NN, Inc. (NNBR) Ex-Dividend Date Scheduled for August 30, 2018 – Nasdaq” published on August 29, 2018, Nasdaq.com published: “NN Inc. (NNBR) Lags Q3 Earnings and Revenue Estimates – Nasdaq” on November 07, 2018. More interesting news about NN, Inc. (NASDAQ:NNBR) were released by: Nasdaq.com and their article: “NN Inc. (NNBR) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” published on October 31, 2018 as well as Benzinga.com‘s news article titled: “80 Biggest Movers From Yesterday – Benzinga” with publication date: November 09, 2018.

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

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