$0.91 EPS Expected for Mercury General (MCY); Shorts at Colfax (CFX) Lowered By 4.06%

Mercury General Corporation (NYSE:MCY) Logo

Colfax Corporation (NYSE:CFX) had a decrease of 4.06% in short interest. CFX’s SI was 10.06 million shares in July as released by FINRA. Its down 4.06% from 10.49M shares previously. With 1.81 million avg volume, 6 days are for Colfax Corporation (NYSE:CFX)’s short sellers to cover CFX’s short positions. The SI to Colfax Corporation’s float is 11.96%. The stock increased 3.04% or $0.8 during the last trading session, reaching $27.14. About 1.21 million shares traded. Colfax Corporation (NYSE:CFX) has declined 17.73% since July 14, 2018 and is downtrending. It has underperformed by 22.16% the S&P500. Some Historical CFX News: 18/04/2018 – DenverGov.org: Great West Colfax Cleanup to be held on May 19, 2018; 04/05/2018 – COLFAX CORP CFX.N : RBC CUTS TO SECTOR PERFORM FROM OUTPERFORM; 03/05/2018 – Colfax 1Q EPS 22c; 21/04/2018 – DJ Colfax Corporation, Inst Holders, 1Q 2018 (CFX); 03/05/2018 – Colfax 1Q Adj EPS 48c; 02/05/2018 – Wells Capital Management Inc. Exits Position in Colfax; 16/05/2018 – Colfax at Electrical Products Group Conference May 22; 21/05/2018 – Colfax at Electrical Products Group Conference Tomorrow; 26/03/2018 S&PGR Affms Colfax Corp. ‘BB+’ Rtg; Dbt Rtg Affmd; Otlk Stbl

Analysts expect Mercury General Corporation (NYSE:MCY) to report $0.91 EPS on July, 29.They anticipate $0.03 EPS change or 3.41% from last quarter’s $0.88 EPS. MCY’s profit would be $50.37 million giving it 17.67 P/E if the $0.91 EPS is correct. After having $0.87 EPS previously, Mercury General Corporation’s analysts see 4.60% EPS growth. The stock increased 0.74% or $0.47 during the last trading session, reaching $64.32. About 189,906 shares traded. Mercury General Corporation (NYSE:MCY) has risen 21.02% since July 14, 2018 and is uptrending. It has outperformed by 16.59% the S&P500. Some Historical MCY News: 19/04/2018 – DJ Mercury General Corporation, Inst Holders, 1Q 2018 (MCY); 30/04/2018 – Mercury General 1Q Loss $42.6M; 30/04/2018 – Mercury General 1Q Rev $783.2M; 30/04/2018 – Mercury General 1Q Loss/Shr 77c; 12/03/2018 Mercury General Volume Jumps More Than Five Times 20 Day Average; 30/04/2018 – MERCURY GENERAL 1Q NET PREMIUMS WRITTEN $861.3M; 02/05/2018 – Mercury General Chief Information Officer Allan Lubitz Resigns; 30/04/2018 – MERCURY GENERAL 1Q OPER EPS 7C, EST. 48C (2 EST.)

Among 6 analysts covering Colfax Corp (NYSE:CFX), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Colfax Corp had 13 analyst reports since February 19, 2019 according to SRatingsIntel. The firm has “Hold” rating by Morgan Stanley given on Thursday, March 14. Stifel Nicolaus maintained it with “Buy” rating and $35 target in Friday, March 15 report. KeyBanc Capital Markets maintained Colfax Corporation (NYSE:CFX) on Monday, March 25 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $34 target in Thursday, March 7 report. Morgan Stanley maintained Colfax Corporation (NYSE:CFX) on Wednesday, July 10 with “Equal-Weight” rating. Morgan Stanley maintained the stock with “Hold” rating in Tuesday, February 19 report. The stock of Colfax Corporation (NYSE:CFX) has “Sell” rating given on Wednesday, March 13 by Citigroup. The firm has “Buy” rating given on Wednesday, March 20 by Longbow.

Colfax Corporation, an industrial manufacturing and engineering company, provides gas and fluid handling, and fabrication technology services and products worldwide. The company has market cap of $3.19 billion. The firm operates through two divisions, Gas and Fluid Handling, and Fabrication Technology. It has a 52.39 P/E ratio. The Gas and Fluid Handling segment designs, makes, supplies, installs, and maintains heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid handling systems, controls, and specialty valves.

More notable recent Colfax Corporation (NYSE:CFX) news were published by: Finance.Yahoo.com which released: “Are Investors Undervaluing Colfax Corporation (NYSE:CFX) By 37%? – Yahoo Finance” on May 08, 2019, also Globenewswire.com with their article: “Colfax Reports First Quarter 2019 Results NYSE:CFX – GlobeNewswire” published on May 08, 2019, Globenewswire.com published: “Colfax Announces Offering of Senior Notes NYSE:CFX – GlobeNewswire” on January 28, 2019. More interesting news about Colfax Corporation (NYSE:CFX) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Colfax Corporation (CFX) – Yahoo Finance” published on June 10, 2019 as well as Globenewswire.com‘s news article titled: “Colfax Reports Fourth Quarter 2018 Results NYSE:CFX – GlobeNewswire” with publication date: February 13, 2019.

Investors sentiment increased to 1.72 in Q1 2019. Its up 0.70, from 1.02 in 2018Q4. It improved, as 31 investors sold Colfax Corporation shares while 40 reduced holdings. 58 funds opened positions while 64 raised stakes. 106.47 million shares or 16.58% more from 91.33 million shares in 2018Q4 were reported. Strs Ohio accumulated 1.03 million shares. Ing Groep Nv reported 14,565 shares. Prudential Fincl Inc has invested 0.01% in Colfax Corporation (NYSE:CFX). Goldman Sachs Gru, a New York-based fund reported 672,260 shares. Regions Corp reported 0% in Colfax Corporation (NYSE:CFX). Wedge Management L L P Nc has 1.32 million shares for 0.45% of their portfolio. Williams Jones And Assoc Ltd Co stated it has 0.17% of its portfolio in Colfax Corporation (NYSE:CFX). Louisiana State Employees Retirement accumulated 25,500 shares. Gsa Ptnrs Ltd Liability Partnership accumulated 37,586 shares. Ubs Asset Americas holds 0% of its portfolio in Colfax Corporation (NYSE:CFX) for 131,542 shares. Great West Life Assurance Com Can holds 57,111 shares or 0% of its portfolio. Systematic Financial Mgmt L P accumulated 0.17% or 166,926 shares. Moreover, Prelude Mngmt Limited Liability Company has 0.01% invested in Colfax Corporation (NYSE:CFX). 440,272 are owned by Scopus Asset Mgmt L P. 45 are held by Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma.

Since March 14, 2019, it had 1 buy, and 0 sales for $25,430 activity. Shares for $25,430 were bought by Braunegg George Gwyer on Thursday, March 14.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company has market cap of $3.56 billion. The firm also writes homeowners, commercial automobile, commercial property, mechanical breakdown, and umbrella insurance. It has a 20.62 P/E ratio. The Company’s automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeownerÂ’s insurance products cover dwelling, liability, personal property, fire, and other hazards.

More notable recent Mercury General Corporation (NYSE:MCY) news were published by: Finance.Yahoo.com which released: “Mercury General Corporation’s (NYSE:MCY) 4.1% Dividend Yield Looks Pretty Interesting – Yahoo Finance” on June 21, 2019, also Finance.Yahoo.com with their article: “With A Return On Equity Of 10%, Has Mercury General Corporation’s (NYSE:MCY) Management Done Well? – Yahoo Finance” published on June 21, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On Mercury General Corporation (MCY) ? – Yahoo Finance” on June 23, 2019. More interesting news about Mercury General Corporation (NYSE:MCY) were released by: Prnewswire.com and their article: “Mercury Insurance is a ‘Best Auto Insurance Company’ for 2019, According to Insure.com – PRNewswire” published on July 08, 2019 as well as Seekingalpha.com‘s news article titled: “Insurance Dividend Champion – Q1 2019: Mercury General – Seeking Alpha” with publication date: June 28, 2019.

Investors sentiment increased to 1.18 in Q1 2019. Its up 0.19, from 0.99 in 2018Q4. It is positive, as 24 investors sold Mercury General Corporation shares while 56 reduced holdings. 30 funds opened positions while 64 raised stakes. 23.76 million shares or 10.33% less from 26.49 million shares in 2018Q4 were reported. Sei Invests holds 0% of its portfolio in Mercury General Corporation (NYSE:MCY) for 145 shares. Fmr Lc reported 806 shares or 0% of all its holdings. Credit Suisse Ag, Switzerland-based fund reported 73,735 shares. Ameriprise Finance Inc has invested 0% of its portfolio in Mercury General Corporation (NYSE:MCY). Great West Life Assurance Com Can holds 0% or 17,031 shares in its portfolio. Guggenheim Cap Ltd Liability Company owns 0% invested in Mercury General Corporation (NYSE:MCY) for 12,152 shares. 67,125 were accumulated by Natixis Advsr Ltd Partnership. Rafferty Asset Management Ltd Liability holds 5,498 shares. Rhumbline Advisers owns 0.01% invested in Mercury General Corporation (NYSE:MCY) for 70,075 shares. Martingale Asset Lp accumulated 39,010 shares. Federated Investors Inc Pa holds 0% or 8,080 shares. 4,563 were accumulated by Roundview Cap Ltd Limited Liability Company. Riverhead Capital Ltd Limited Liability Company has invested 0.02% in Mercury General Corporation (NYSE:MCY). Invesco Limited owns 1.53 million shares. Numerixs Tech reported 2,000 shares.

Colfax Corporation (NYSE:CFX) Institutional Positions Chart

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