Navistar International Co. (NYSE:NAV) Short Interest Up 83.8% in December
Navistar International Co. (NYSE:NAV) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 6,250,000 shares, an increase of 83.8% from the December 15th total of 3,400,000 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,740,000 shares, the short-interest ratio is presently 3.6 days.
In other news, Director Dennis Suskind sold 2,000 shares of the stock in a transaction on Wednesday, December 23rd. The shares were sold at an average price of $44.00, for a total value of $88,000.00. Following the transaction, the director now owns 11,395 shares of the company’s stock, valued at approximately $501,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Canyon Capital Advisors LLC purchased a new stake in Navistar International in the third quarter worth about $31,766,000. Arrowstreet Capital Limited Partnership raised its position in shares of Navistar International by 5.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 728,307 shares of the company’s stock worth $31,710,000 after purchasing an additional 37,584 shares during the last quarter. Omni Partners LLP boosted its stake in Navistar International by 275.9% in the 3rd quarter. Omni Partners LLP now owns 538,201 shares of the company’s stock worth $23,433,000 after purchasing an additional 395,015 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Navistar International by 31.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 529,162 shares of the company’s stock valued at $14,923,000 after purchasing an additional 127,495 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Navistar International by 1.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 268,548 shares of the company’s stock valued at $11,693,000 after purchasing an additional 3,294 shares in the last quarter. 69.20% of the stock is owned by institutional investors.
NAV opened at $43.97 on Thursday. Navistar International has a 52 week low of $15.01 and a 52 week high of $45.25. The stock has a market cap of $4.38 billion, a PE ratio of -488.50 and a beta of 2.24. The business has a 50 day moving average of $44.08 and a 200-day moving average of $39.10.
Navistar International (NYSE:NAV) last posted its quarterly earnings data on Wednesday, December 16th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.88. Navistar International had a negative return on equity of 1.66% and a negative net margin of 0.11%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. Sell-side analysts predict that Navistar International will post -0.28 EPS for the current fiscal year.
Navistar International Company Profile
Navistar International Corporation, through its subsidiaries, manufactures and sells commercial trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.
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