$0.17 EPS Expected for Actuant (ATU); Mag Silver (NYSEAMERICAN:MAG) Shorts Raised By 9.89%

November 15, 2017 - By Clifton Ray

Mag Silver Corporation (NYSEAMERICAN:MAG) had an increase of 9.89% in short interest. MAG’s SI was 2.45 million shares in November as released by FINRA. Its up 9.89% from 2.23M shares previously. With 251,300 avg volume, 10 days are for Mag Silver Corporation (NYSEAMERICAN:MAG)’s short sellers to cover MAG’s short positions. The SI to Mag Silver Corporation’s float is 3.5%. The stock decreased 0.48% or $0.05 on November 14, reaching $10.47. About shares traded. MAG Silver Corp (USA) (NYSEAMERICAN:MAG) has declined 8.65% since November 15, 2016 and is downtrending. It has underperformed by 25.35% the S&P500.

Analysts expect Actuant Corporation (NYSE:ATU) to report $0.17 EPS on December, 20.They anticipate $0.03 EPS change or 15.00% from last quarter’s $0.2 EPS. ATU’s profit would be $10.15M giving it 36.69 P/E if the $0.17 EPS is correct. After having $0.19 EPS previously, Actuant Corporation’s analysts see -10.53% EPS growth. The stock increased 0.10% or $0.03 on November 14, reaching $24.95. About shares traded. Actuant Corporation (NYSE:ATU) has risen 0.16% since November 15, 2016 and is uptrending. It has underperformed by 16.54% the S&P500.

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant had 41 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was upgraded by Barclays Capital to “Equal Weight” on Thursday, June 22. The stock has “Hold” rating by RBC Capital Markets on Tuesday, October 24. The rating was initiated by Acumen Capital on Friday, December 18 with “Speculative Buy”. On Sunday, August 20 the stock rating was maintained by Stifel Nicolaus with “Hold”. RBC Capital Markets downgraded Actuant Corporation (NYSE:ATU) rating on Friday, January 13. RBC Capital Markets has “Sector Perform” rating and $27 target. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, June 21. KeyBanc Capital Markets upgraded the shares of ATU in report on Friday, March 10 to “Overweight” rating. The firm has “Neutral” rating given on Tuesday, March 8 by SunTrust. J.P. Morgan upgraded Actuant Corporation (NYSE:ATU) rating on Wednesday, June 21. J.P. Morgan has “Hold” rating and $2100 target. The firm earned “Hold” rating on Friday, June 9 by BMO Capital Markets.

Investors sentiment increased to 1.72 in Q2 2017. Its up 0.62, from 1.1 in 2017Q1. It increased, as 15 investors sold Actuant Corporation shares while 38 reduced holdings. 24 funds opened positions while 67 raised stakes. 64.72 million shares or 0.91% more from 64.14 million shares in 2017Q1 were reported. Creative Planning accumulated 0% or 35 shares. Wells Fargo And Mn holds 289,881 shares or 0% of its portfolio. Morgan Stanley, New York-based fund reported 60,253 shares. Northern Trust holds 0.01% or 785,472 shares in its portfolio. Moreover, First Manhattan has 0.01% invested in Actuant Corporation (NYSE:ATU) for 43,493 shares. Invesco Limited holds 125,332 shares or 0% of its portfolio. Blair William & Il has 10,305 shares for 0% of their portfolio. State Common Retirement Fund holds 62,900 shares. Ameriprise has invested 0% of its portfolio in Actuant Corporation (NYSE:ATU). Pacad has invested 0.02% in Actuant Corporation (NYSE:ATU). Rhumbline Advisers reported 128,372 shares. Frontier Capital Communication Ltd has 0.28% invested in Actuant Corporation (NYSE:ATU). Tower Rech Ltd Liability Com (Trc) has 1,140 shares. Massmutual Tru Fsb Adv reported 14,654 shares stake. First Midwest National Bank Division has 0.03% invested in Actuant Corporation (NYSE:ATU) for 11,111 shares.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The company has market cap of $1.49 billion. The Firm operates through three divisions: Industrial, Energy and Engineered Solutions. It currently has negative earnings. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.

MAG Silver Corp. is a mineral exploration and development company. The company has market cap of $848.02 million. The Firm is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. It currently has negative earnings. The Firm operates through the exploration of mineral properties in Mexico segment.

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