$0.61 EPS Expected for Boise Cascade Co (BCC), Novanta (NOVT) Sellers Increased By 8.52% Their Shorts

July 17, 2017 - By Vivian Park

Novanta Incorporated (NASDAQ:NOVT) had an increase of 8.52% in short interest. NOVT’s SI was 387,100 shares in July as released by FINRA. Its up 8.52% from 356,700 shares previously. With 302,600 avg volume, 1 days are for Novanta Incorporated (NASDAQ:NOVT)’s short sellers to cover NOVT’s short positions. The SI to Novanta Incorporated’s float is 1.22%. The stock increased 0.54% or $0.2 on July 14, reaching $37.35. About shares traded. Novanta Inc (USA) (NASDAQ:NOVT) has risen 122.07% since July 17, 2016 and is uptrending. It has outperformed by 105.37% the S&P500.

Analysts expect Boise Cascade Co (NYSE:BCC) to report $0.61 EPS on July, 27.They anticipate $0.12 EPS change or 24.49% from last quarter’s $0.49 EPS. BCC’s profit would be $23.20M giving it 11.64 P/E if the $0.61 EPS is correct. After having $0.26 EPS previously, Boise Cascade Co’s analysts see 134.62% EPS growth. It closed at $28.4 lastly. It is down 24.71% since July 17, 2016 and is uptrending. It has outperformed by 8.01% the S&P500.

Among 4 analysts covering Boise Cascade (NYSE:BCC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Boise Cascade had 9 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Friday, July 1. The stock of Boise Cascade Co (NYSE:BCC) earned “Hold” rating by BMO Capital Markets on Friday, June 9. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, October 26. Goldman Sachs initiated the stock with “Buy” rating in Thursday, September 22 report. The stock of Boise Cascade Co (NYSE:BCC) earned “Outperform” rating by BMO Capital Markets on Friday, February 19. The stock of Boise Cascade Co (NYSE:BCC) has “Buy” rating given on Friday, July 24 by DA Davidson. BMO Capital Markets maintained the shares of BCC in report on Thursday, April 13 with “Hold” rating. The firm earned “Buy” rating on Tuesday, April 4 by Bank of America.

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.03, from 1.21 in 2016Q3. It is positive, as 20 investors sold Boise Cascade Co shares while 50 reduced holdings. 25 funds opened positions while 62 raised stakes. 35.62 million shares or 0.01% less from 35.63 million shares in 2016Q3 were reported. 41,305 are held by Comerica Natl Bank. Jacobs Levy Equity Mngmt reported 0.06% of its portfolio in Boise Cascade Co (NYSE:BCC). Manufacturers Life The invested 0% of its portfolio in Boise Cascade Co (NYSE:BCC). Gemmer Asset Ltd Liability, a California-based fund reported 202 shares. 98,147 are owned by Citigroup. Gp One Trading Ltd Partnership owns 4,582 shares or 0% of their US portfolio. Susquehanna Intll Llp holds 74,814 shares. Pennsylvania-based Tfs Cap Lc has invested 0.18% in Boise Cascade Co (NYSE:BCC). Barrow Hanley Mewhinney & Strauss Ltd Limited Liability Company has invested 0% in Boise Cascade Co (NYSE:BCC). Grp owns 28,566 shares. California Employees Retirement System invested 0% of its portfolio in Boise Cascade Co (NYSE:BCC). Profund Limited Co holds 0.01% of its portfolio in Boise Cascade Co (NYSE:BCC) for 12,072 shares. Buckingham Cap Mngmt Incorporated reported 200,968 shares or 0.6% of all its holdings. Public Sector Pension Board holds 27,005 shares. Vanguard Group Incorporated holds 0% or 3.34 million shares.

Boise Cascade Company is an integrated wood products maker and building materials distributor with activities throughout the United States and one manufacturing facility in Canada. The company has market cap of $1.08 billion. The Firm is also a producer of engineered wood products and plywood in North America. It has a 25.55 P/E ratio. The Firm operates through three divisions: Wood Products, Building Materials Distribution, and Corporate and Other.

Novanta Inc., formerly GSI Group Inc., designs, develops, makes and sells precision photonic and motion control components and subsystems. The company has market cap of $1.30 billion. The Company’s divisions are Photonics, Vision and Precision Motion. It has a 24.09 P/E ratio. The Photonics segment designs, makes and markets photonics solutions, including carbon dioxide laser sources, laser scanning and laser beam delivery products, to clients around the world.

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