Actuant (ATU) Forms $24.40 Double Bottom; Westell Tech Class A (WSTL) Sellers Increased By 81.71% Their Shorts

September 7, 2017 - By Peter Erickson

Actuant Corporation (ATU) formed double bottom with $23.42 target or 4.00% below today’s $24.40 share price. Actuant Corporation (ATU) has $1.46 billion valuation. It closed at $24.4 lastly. It is down 0.16% since September 7, 2016 and is uptrending. It has underperformed by 16.54% the S&P500.

Westell Tech Class A (NASDAQ:WSTL) had an increase of 81.71% in short interest. WSTL’s SI was 31,800 shares in September as released by FINRA. Its up 81.71% from 17,500 shares previously. With 37,900 avg volume, 1 days are for Westell Tech Class A (NASDAQ:WSTL)’s short sellers to cover WSTL’s short positions. The SI to Westell Tech Class A’s float is 0.33%. The stock decreased 2.10% or $0.06 on September 6, reaching $2.8. About shares traded. Westell Technologies Inc. (NASDAQ:WSTL) has declined 30.72% since September 7, 2016 and is downtrending. It has underperformed by 47.42% the S&P500.

Westell Technologies, Inc. is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The company has market cap of $43.29 million. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. It currently has negative earnings. The Firm operates in two divisions: In-Building Wireless and Communication Solutions Group (CSG).

Investors sentiment decreased to 0 in Q4 2016. Its down 2.14, from 2.14 in 2016Q3. It worsened, as 4 investors sold Westell Technologies Inc. shares while 7 reduced holdings. 2 funds opened positions while 6 raised stakes. 18.02 million shares or 5.08% less from 18.99 million shares in 2016Q3 were reported. Guggenheim Capital Llc has 0% invested in Westell Technologies Inc. (NASDAQ:WSTL). Pax World Mgmt Ltd Liability invested in 0.06% or 1.57M shares. Deutsche Financial Bank Ag stated it has 147,687 shares. Texas-based Bridgeway Management has invested 0% in Westell Technologies Inc. (NASDAQ:WSTL). North Star Invest holds 0% or 3,800 shares. Blackrock Institutional Na holds 0% in Westell Technologies Inc. (NASDAQ:WSTL) or 1.35M shares. Morgan Stanley invested 0% in Westell Technologies Inc. (NASDAQ:WSTL). Cove Street Cap Ltd Liability Company holds 0.49% or 7.20M shares. Northern Trust has 89,559 shares. Creative Planning reported 9,000 shares. Iron Limited Company invested 0% in Westell Technologies Inc. (NASDAQ:WSTL). Blackrock Fund Advsrs has 126,852 shares. Moreover, National Bank Of Mellon Corp has 0% invested in Westell Technologies Inc. (NASDAQ:WSTL). Savings Bank Of America De accumulated 252 shares or 0% of the stock. California Public Employees Retirement System has 0% invested in Westell Technologies Inc. (NASDAQ:WSTL) for 140,820 shares.

Among 2 analysts covering Westell Technologies (NASDAQ:WSTL), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Westell Technologies had 3 analyst reports since September 2, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Wednesday, September 2. The stock of Westell Technologies Inc. (NASDAQ:WSTL) has “Buy” rating given on Friday, August 11 by Northland Capital. Northland Capital maintained the stock with “Outperform” rating in Monday, September 28 report.

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant had 34 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, October 8 by JP Morgan. The company was upgraded on Wednesday, June 21 by J.P. Morgan. Robert W. Baird upgraded it to “Outperform” rating and $30 target in Monday, November 14 report. The stock has “Speculative Buy” rating by Acumen Capital on Friday, December 18. As per Thursday, June 22, the company rating was upgraded by Barclays Capital. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, June 21. The firm earned “Hold” rating on Thursday, June 22 by Stifel Nicolaus. As per Monday, October 24, the company rating was downgraded by Barclays Capital. Zacks downgraded the stock to “Hold” rating in Wednesday, August 26 report. Aegis Capital initiated Actuant Corporation (NYSE:ATU) on Friday, December 2 with “Buy” rating.

Since March 29, 2017, it had 0 insider purchases, and 3 selling transactions for $105,009 activity. On Wednesday, March 29 the insider Rennie Stephen sold $66,704. $12,665 worth of Actuant Corporation (NYSE:ATU) shares were sold by Wozniak Ted.

Investors sentiment increased to 1.72 in Q4 2016. Its up 0.62, from 1.1 in 2016Q3. It is positive, as 25 investors sold Actuant Corporation shares while 51 reduced holdings. 33 funds opened positions while 52 raised stakes. 59.93 million shares or 1.53% less from 60.86 million shares in 2016Q3 were reported. Moreover, Fifth Third Bank & Trust has 0% invested in Actuant Corporation (NYSE:ATU). Cooke Bieler L P reported 0.13% stake. Barclays Public Limited Company reported 0% of its portfolio in Actuant Corporation (NYSE:ATU). Cramer Rosenthal Mcglynn Lc reported 0.81% stake. Barrow Hanley Mewhinney & Strauss Limited invested 0.01% of its portfolio in Actuant Corporation (NYSE:ATU). Oppenheimer And Commerce Inc stated it has 0.04% in Actuant Corporation (NYSE:ATU). Brown Brothers Harriman And has invested 0% in Actuant Corporation (NYSE:ATU). Creative Planning has invested 0% in Actuant Corporation (NYSE:ATU). Ny State Teachers Retirement invested in 0% or 49,403 shares. 2.22 million are owned by Clarkston Partners Ltd Limited Liability Company. Vulcan Value Prns Ltd holds 1.56M shares or 0.36% of its portfolio. First Republic Inv Mngmt Incorporated reported 8,015 shares stake. Bancshares Of Ny Mellon invested in 0% or 658,804 shares. Moreover, State Street has 0% invested in Actuant Corporation (NYSE:ATU) for 1.34 million shares. Moreover, Fuller & Thaler Asset Mngmt Incorporated has 1.13% invested in Actuant Corporation (NYSE:ATU).

Analysts await Actuant Corporation (NYSE:ATU) to report earnings on September, 27 before the open. They expect $0.21 earnings per share, down 30.00% or $0.09 from last year’s $0.3 per share. ATU’s profit will be $12.57M for 29.05 P/E if the $0.21 EPS becomes a reality. After $0.32 actual earnings per share reported by Actuant Corporation for the previous quarter, Wall Street now forecasts -34.38% negative EPS growth.

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