Allison Transmission Holdings Inc. (ALSN) Short Interest Up 48.7% in October
Allison Transmission Holdings Inc. (NYSE:ALSN) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,585,304 shares, a growth of 48.7% from the October 14th total of 1,065,932 shares. Based on an average daily trading volume, of 1,582,046 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s shares are short sold.
Institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in Allison Transmission Holdings during the first quarter valued at $405,000. Magnetar Financial LLC increased its position in Allison Transmission Holdings by 5.3% in the first quarter. Magnetar Financial LLC now owns 16,438 shares of the company’s stock valued at $443,000 after buying an additional 821 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $462,000. HBK Investments L P acquired a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $568,000. Finally, Springbok Capital Management LLC increased its stake in shares of Allison Transmission Holdings by 300.0% in the first quarter. Springbok Capital Management LLC now owns 27,200 shares of the company’s stock worth $734,000 after buying an additional 20,400 shares in the last quarter.
Shares of Allison Transmission Holdings (NYSE:ALSN) opened at 30.94 on Wednesday. The firm’s 50-day moving average price is $28.67 and its 200 day moving average price is $28.25. The stock has a market cap of $5.12 billion, a P/E ratio of 31.54 and a beta of 1.19. Allison Transmission Holdings has a one year low of $20.56 and a one year high of $31.10.
Several equities analysts have recently commented on the company. Credit Agricole SA assumed coverage on Allison Transmission Holdings in a research note on Friday, September 30th. They issued an “outperform” rating and a $31.00 price target on the stock. Deutsche Bank AG assumed coverage on Allison Transmission Holdings in a research note on Wednesday, September 7th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, Citigroup Inc. upped their price target on Allison Transmission Holdings from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Allison Transmission Holdings currently has an average rating of “Buy” and an average price target of $29.85.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.
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