Sentiment for Accuride Corp (NYSE:ACW)
Accuride Corp (NYSE:ACW) institutional sentiment increased to 1.05 in 2015 Q3. Its up 0.30, from 0.75 in 2015Q2. The ratio is better, as 33 hedge funds increased and started new positions, while 44 decreased and sold positions in Accuride Corp. The hedge funds in our partner’s database now possess: 35.35 million shares, up from 31.60 million shares in 2015Q2. Also, the number of hedge funds holding Accuride Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 11 Reduced: 33 Increased: 28 New Position: 5.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The company has a market cap of $66.77 million. The Company’s three divisions are Wheels, Gunite and Brillion Iron Works. It currently has negative earnings. The Wheels segment’s products primarily consist of steel and aluminum wheels.
The stock increased 2.16% or $0.03 on April 6, hitting $1.42. About 214,022 shares traded hands. Accuride Corporation (NYSE:ACW) has declined 58.70% since August 28, 2015 and is downtrending. It has underperformed by 61.53% the S&P500.
According to Zacks Investment Research, “Accuride Corporation operates as manufacturer and supplier of commercial vehicle components. The Company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. The Company serves the original equipment manufacturers, or OEMs, and their related aftermarket channels in most major segments of the commercial vehicle market. Accuride has three reportable segments. The Wheels segment’s products consist of wheels for heavy- and medium-duty trucks and commercial trailers. The Components segment includes truck body and chassis parts, wheel-end components and assemblies, and seats. The Other segment includes commercial vehicle components, including steerable drive axles and gearboxes. Accuride’s products are marketed under its brand names, which include Accuride, Gunite, Imperial, Bostrom, Fabco, Brillion, and Highway Original. Accuride Corporation is headquartered in Evansville, Indiana.”
Coliseum Capital Management Llc holds 8.3% of its portfolio in Accuride Corporation for 7.43 million shares. New Generation Advisors Llc owns 2.66 million shares or 3.78% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 0.82% invested in the company for 2.39 million shares. The Wisconsin-based Netols Asset Management Inc. has invested 0.54% in the stock. Ks Management Corp, a New York-based fund reported 74,603 shares.#img1#
Ratings analysis reveals 25% of Accuride’s analysts are positive. Out of 2 Wall Street analysts rating Accuride, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $1.9 while the high is $2. The stock’s average target of $1.95 is 33.80% above today’s ($1.42) share price. ACW was included in 5 notes of analysts from August 10, 2015. Gabelli downgraded the shares of Accuride in a note on January 25 to “Hold” rating. Zacks downgraded Accuride’s stock on August 10 to “Buy” rating.
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