Pzena Investment Management Trimmed By $8.75 Million Its Columbus Mckinnon (CMCO) Holding, Simmons First National Class A (SFNC) Sellers Increased By 5.54% Their Shorts

July 17, 2017 - By Ellis Scott

Simmons First National Corporation Class A (NASDAQ:SFNC) had an increase of 5.54% in short interest. SFNC’s SI was 2.12 million shares in July as released by FINRA. Its up 5.54% from 2.01 million shares previously. With 166,600 avg volume, 13 days are for Simmons First National Corporation Class A (NASDAQ:SFNC)’s short sellers to cover SFNC’s short positions. The SI to Simmons First National Corporation Class A’s float is 7.35%. About 33,334 shares traded. Simmons First National Corporation (NASDAQ:SFNC) has risen 13.31% since July 17, 2016 and is uptrending. It has underperformed by 3.39% the S&P500.

Pzena Investment Management Llc decreased Columbus Mckinnon Corp (CMCO) stake by 20.99% reported in 2016Q4 SEC filing. Pzena Investment Management Llc sold 324,078 shares as Columbus Mckinnon Corp (CMCO)’s stock declined 9.47%. The Pzena Investment Management Llc holds 1.22 million shares with $32.98M value, down from 1.54 million last quarter. Columbus Mckinnon Corp now has $588.14 million valuation. The stock rose 1.46% or $0.37 reaching $25.73. About 276,096 shares traded or 92.73% up from the average. Columbus McKinnon Corp. (NASDAQ:CMCO) has risen 68.84% since July 17, 2016 and is uptrending. It has outperformed by 52.14% the S&P500.

Pzena Investment Management Llc increased Hope Bancorp Inc stake by 16,257 shares to 2.33 million valued at $50.94 million in 2016Q4. It also upped Taiwan Semiconductor (NYSE:TSM) stake by 35,997 shares and now owns 549,525 shares. Trimas Corp (NASDAQ:TRS) was raised too.

Since June 1, 2017, it had 0 insider purchases, and 4 sales for $266,781 activity. Korman Alan S sold 1,000 shares worth $28,710. Another trade for 5,147 shares valued at $142,829 was made by Buer Gene P on Wednesday, June 7.

Investors sentiment increased to 1.8 in Q4 2016. Its up 0.23, from 1.57 in 2016Q3. It is positive, as 7 investors sold CMCO shares while 33 reduced holdings. 31 funds opened positions while 41 raised stakes. 16.39 million shares or 0.69% more from 16.28 million shares in 2016Q3 were reported. The New York-based Morgan Stanley has invested 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Pzena Invest Limited Liability Com has 0.19% invested in Columbus McKinnon Corp. (NASDAQ:CMCO). Hillsdale Inv Mgmt Incorporated, a Ontario – Canada-based fund reported 5,600 shares. Moreover, Tiaa Cref Invest Mgmt Lc has 0% invested in Columbus McKinnon Corp. (NASDAQ:CMCO). Renaissance Ltd Liability accumulated 59,500 shares or 0% of the stock. Metropolitan Life Ins Com has 14,412 shares for 0% of their portfolio. Kennedy Cap Mngmt invested in 0.01% or 31,355 shares. Essex Mngmt Ltd Liability accumulated 31,621 shares or 0.14% of the stock. Envestnet Asset Mngmt stated it has 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Macquarie Group Limited reported 765,176 shares. Tower Research Cap Ltd Liability Company (Trc) has invested 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Engineers Gate Manager LP reported 0.05% in Columbus McKinnon Corp. (NASDAQ:CMCO). Goldman Sachs Grp Inc has invested 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Spitfire Ltd Liability Corp invested in 5.6% or 458,011 shares. Us Bancorporation De, Minnesota-based fund reported 28,209 shares.

Analysts await Columbus McKinnon Corp. (NASDAQ:CMCO) to report earnings on August, 1 before the open. They expect $0.29 earnings per share, down 14.71% or $0.05 from last year’s $0.34 per share. CMCO’s profit will be $6.63M for 22.18 P/E if the $0.29 EPS becomes a reality. After $0.40 actual earnings per share reported by Columbus McKinnon Corp. for the previous quarter, Wall Street now forecasts -27.50% negative EPS growth.

Among 3 analysts covering Columbus McKinnon (NASDAQ:CMCO), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Columbus McKinnon had 7 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Sidoti on Wednesday, July 29. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) has “Neutral” rating given on Friday, January 15 by Seaport Global Securities. Seaport Global Securities downgraded Columbus McKinnon Corp. (NASDAQ:CMCO) on Monday, January 18 to “Neutral” rating. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) earned “Sell” rating by Zacks on Monday, September 21. As per Thursday, January 26, the company rating was upgraded by Sidoti. The rating was downgraded by Sidoti to “Neutral” on Wednesday, December 7. Seaport Global Securities upgraded Columbus McKinnon Corp. (NASDAQ:CMCO) rating on Monday, January 23. Seaport Global Securities has “Buy” rating and $30 target.

Among 5 analysts covering Simmons First National (NASDAQ:SFNC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Simmons First National had 12 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Underperform” rating given on Wednesday, January 25 by Raymond James. The stock of Simmons First National Corporation (NASDAQ:SFNC) earned “Hold” rating by Keefe Bruyette & Woods on Monday, June 26. The rating was downgraded by Sandler O’Neill on Tuesday, November 22 to “Sell”. The stock of Simmons First National Corporation (NASDAQ:SFNC) has “Neutral” rating given on Monday, September 21 by Piper Jaffray. The firm earned “Sell” rating on Tuesday, August 25 by Zacks. The firm has “Hold” rating by Raymond James given on Wednesday, July 5. On Wednesday, October 26 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. On Wednesday, June 8 the stock rating was maintained by Wood with “Outperform”. The rating was upgraded by Sandler O’Neill to “Hold” on Friday, January 20. The stock of Simmons First National Corporation (NASDAQ:SFNC) earned “Mkt Perform” rating by Raymond James on Friday, October 23.

Investors sentiment increased to 1.9 in Q4 2016. Its up 0.27, from 1.63 in 2016Q3. It increased, as 3 investors sold Simmons First National Corporation shares while 37 reduced holdings. 26 funds opened positions while 50 raised stakes. 14.49 million shares or 13.87% more from 12.72 million shares in 2016Q3 were reported. Bancshares Of America Corporation De stated it has 0% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC). Morgan Stanley invested in 0% or 101,847 shares. Citigroup Inc reported 0% stake. Commonwealth Equity Serv Incorporated stated it has 108,519 shares or 0.05% of all its holdings. Moreover, Dreman Value Mngmt L L C has 0.01% invested in Simmons First National Corporation (NASDAQ:SFNC). Connors Investor Services Inc holds 0.3% in Simmons First National Corporation (NASDAQ:SFNC) or 28,039 shares. Comerica Bank & Trust reported 31,594 shares or 0.02% of all its holdings. Blackrock Invest Ltd, a New Jersey-based fund reported 159,593 shares. D Scott Neal holds 0.03% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC) for 623 shares. Capstone Asset Management Com reported 0.01% in Simmons First National Corporation (NASDAQ:SFNC). Piermont Capital Management accumulated 42,070 shares. State Of Alaska Department Of Revenue accumulated 3,220 shares. Airain has 7,405 shares for 0.04% of their portfolio. Zebra Cap Lc has 7,968 shares. Assetmark has invested 0% of its portfolio in Simmons First National Corporation (NASDAQ:SFNC).

Simmons First National Corporation is a financial holding company. The company has market cap of $1.64 billion. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. It has a 17.2 P/E ratio. As of December 31, 2016, Simmons Bank conducted banking activities through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri and Tennessee.

Since January 26, 2017, it had 5 insider purchases, and 6 sales for $2.98 million activity. The insider Massanelli Stephen C bought $29,500. $67,632 worth of Simmons First National Corporation (NASDAQ:SFNC) was sold by PORTER JOSEPH D on Thursday, January 26. KIRKLAND CHRISTOPHER R sold $1.40M worth of Simmons First National Corporation (NASDAQ:SFNC) on Friday, June 9. COSSE STEVEN A bought $81,750 worth of stock or 1,500 shares. Wade Steven C had sold 3,250 shares worth $197,103. The insider MAKRIS GEORGE JR bought 2,000 shares worth $104,000.

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