International Seaways, Inc. (INSW) Touches $23.14 Formed H&S; Shorts at Actuant (ATU) Raised By 14.44%

June 30, 2018 - By Danny Collins

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International Seaways, Inc. (INSW) formed inverse H&S with $24.07 target or 4.00% above today’s $23.14 share price. International Seaways, Inc. (INSW) has $674.20M valuation. The stock decreased 3.14% or $0.75 during the last trading session, reaching $23.14. About 103,220 shares traded. International Seaways, Inc. (NYSE:INSW) has declined 7.73% since June 30, 2017 and is downtrending. It has underperformed by 20.30% the S&P500. Some Historical INSW News: 21/05/2018 – International Seaways Closes Above 200-Day Average: Technicals; 04/05/2018 – INTERNATIONAL SEAWAYS INC QTRLY TOTAL SHIPPING REVENUES ABOUT $52 MLN VS $88.8 MLN; 23/05/2018 – Moody’s Assigns Caa1 To New Senior Unsecured Notes Of International Seaways, Affirms B3 Cfr; Outlook Negative; 09/05/2018 – S&P REVISES INTERNATIONAL SEAWAYS INC. TO RATING ‘B-‘ FROM ‘B’; 08/03/2018 – INTERNATIONAL SEAWAYS INC QUARTERLY SHIPPING REVENUES WERE $69.4 MLN, COMPARED TO $85.8 MLN; 04/05/2018 – International Seaways 1Q Loss $29.3M; 23/05/2018 – INTERNATIONAL SEAWAYS AFFIRMED BY MOODY’S; OUTLOOK NEGATIVE; 23/03/2018 – INTERNATIONAL SEAWAYS INC INSW.N : JP MORGAN RAISES TARGET PRICE TO $29 FROM $28; 04/05/2018 – International Seaways 1Q Loss/Shr $1.01; 04/05/2018 – International Seaways 1Q Rev $52M

Actuant Corporation (NYSE:ATU) had an increase of 14.44% in short interest. ATU’s SI was 6.34 million shares in June as released by FINRA. Its up 14.44% from 5.54M shares previously. With 835,900 avg volume, 8 days are for Actuant Corporation (NYSE:ATU)’s short sellers to cover ATU’s short positions. The SI to Actuant Corporation’s float is 10.75%. The stock increased 0.34% or $0.1 during the last trading session, reaching $29.35. About 1.28 million shares traded or 156.09% up from the average. Actuant Corporation (NYSE:ATU) has declined 2.94% since June 30, 2017 and is downtrending. It has underperformed by 15.51% the S&P500. Some Historical ATU News: 07/05/2018 – Actuant Announces General Counsel Appointment; 21/03/2018 – ACTUANT CORP ATU.N FY SHR VIEW $1.05, REV VIEW $1.13 BLN — THOMSON REUTERS l/B/E/S; 21/03/2018 – ACTUANT SEES FY ADJ EPS $1.140 TO $1.16B, EST. $1.055; 21/03/2018 – ACTUANT CORP – RECOGNIZED NET PROVISIONAL ONE-TIME ADJUSTMENT TO INCOME TAX EXPENSE OF $0.14/SHR RELATED TO U.S. TAX REFORM DURING QTR; 21/03/2018 – CORRECT: ACTUANT SEES FY ADJ EPS $1.00 TO $1.10, EST. $1.05; 26/04/2018 – Actuant Presenting at Wells Fargo Industrials Conference May 9; 21/03/2018 – Actuant Cuts 2018 View To Adj EPS $1-Adj EPS $1.10; 21/03/2018 – Actuant Sees 3Q Rev $300M-$310M; 21/03/2018 – ACTUANT 2Q ADJ EPS 13C, EST. 15C; 21/03/2018 – ACTUANT CORP –

Analysts await International Seaways, Inc. (NYSE:INSW) to report earnings on August, 8. They expect $-0.58 earnings per share, down 583.33% or $0.70 from last year’s $0.12 per share. After $-0.78 actual earnings per share reported by International Seaways, Inc. for the previous quarter, Wall Street now forecasts -25.64% EPS growth.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.78 billion. It operates through three divisions: Industrial, Energy, and Engineered Solutions. It currently has negative earnings. The Industrial segment is primarily involved in the design, manufacture, and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Simplex, Precision-Hayes, Milwaukee Cylinder, and Larzep brand names.

More notable recent Actuant Corporation (NYSE:ATU) news were published by: Benzinga.com which released: “JPMorgan Downgrades Actuant On Valuation After 23% Rally” on June 21, 2018, also Seekingalpha.com with their article: “Actuant up 5% on Q3 earnings beat” published on June 20, 2018, Seekingalpha.com published: “Actuant Corporation (ATU) CEO Randy Baker on Q3 2018 Results – Earnings Call Transcript” on June 20, 2018. More interesting news about Actuant Corporation (NYSE:ATU) were released by: Seekingalpha.com and their article: “Actuant Corporation 2018 Q3 – Results – Earnings Call Slides” published on June 20, 2018 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday” with publication date: June 21, 2018.

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.23, from 1.29 in 2017Q4. It is negative, as 15 investors sold Actuant Corporation shares while 47 reduced holdings. 15 funds opened positions while 51 raised stakes. 67.91 million shares or 5.02% more from 64.66 million shares in 2017Q4 were reported. 10,160 were reported by Blair William & Il. Regions invested in 517 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 4,244 shares. Goldman Sachs Grp holds 0% of its portfolio in Actuant Corporation (NYSE:ATU) for 226,868 shares. 744,563 were accumulated by Investment Counselors Of Maryland. Moreover, Parametric Port Ltd has 0% invested in Actuant Corporation (NYSE:ATU). State Board Of Administration Of Florida Retirement Systems stated it has 0% of its portfolio in Actuant Corporation (NYSE:ATU). Whittier Trust has 710 shares for 0% of their portfolio. 32,385 are held by Cipher Ltd Partnership. Louisiana State Employees Retirement owns 26,600 shares for 0.03% of their portfolio. Royal Bank Of Canada reported 1.67M shares. Teacher Retirement Systems Of Texas reported 13,241 shares or 0% of all its holdings. Barrow Hanley Mewhinney & Strauss invested in 2.64 million shares. Texas Permanent School Fund reported 39,726 shares stake. Wells Fargo & Mn invested in 0% or 396,242 shares.

Since May 14, 2018, it had 1 insider purchase, and 0 selling transactions for $74,400 activity. Altavilla Alfredo bought $74,400 worth of stock.

Among 7 analysts covering Actuant (NYSE:ATU), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. Actuant had 11 analyst reports since January 25, 2018 according to SRatingsIntel. On Thursday, June 21 the stock rating was downgraded by JP Morgan to “Underweight”. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, March 21. The stock of Actuant Corporation (NYSE:ATU) earned “Hold” rating by BMO Capital Markets on Wednesday, March 21. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, March 22. The rating was maintained by Robert W. Baird on Thursday, June 21 with “Buy”. On Thursday, June 21 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Hold” rating by BMO Capital Markets given on Thursday, January 25. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, June 21. J.P. Morgan downgraded the shares of ATU in report on Thursday, June 21 to “Sell” rating. The stock of Actuant Corporation (NYSE:ATU) earned “Hold” rating by RBC Capital Markets on Wednesday, March 21.

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