Altra Industrial Motion Corp (AIMC) : Integrated Investment Consultants scooped up 543 additional shares in Altra Industrial Motion Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 4,155 shares of Altra Industrial Motion Corp which is valued at $119,913.Altra Industrial Motion Corp makes up approximately 0.06% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Eagle Boston Investment Management Inc reduced its stake in AIMC by selling 20,705 shares or 9.83% in the most recent quarter. The Hedge Fund company now holds 190,028 shares of AIMC which is valued at $5,529,815. Altra Industrial Motion Corp makes up approx 0.72% of Eagle Boston Investment Management Inc’s portfolio.Legal General Group Plc reduced its stake in AIMC by selling 206 shares or 5.46% in the most recent quarter. The Hedge Fund company now holds 3,567 shares of AIMC which is valued at $103,800.Cutler Group Lp boosted its stake in AIMC in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 223 shares of Altra Industrial Motion Corp which is valued at $6,554.
Altra Industrial Motion Corp closed down -0.04 points or -0.14% at $28.86 with 1,40,077 shares getting traded on Friday. Post opening the session at $29.1, the shares hit an intraday low of $28.84 and an intraday high of $29.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Altra Industrial Motion Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.38. The company had revenue of $182.67 million for the quarter, compared to analysts expectations of $183.62 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
Altra Industrial Motion Corp. is a global designer producer and marketer of a range of mechanical power transmission components. The Company’s product portfolio includes clutches and brakes couplings and gearing and power transmission components. It operates in three segments: couplings clutches and brakes and gearing and power transmission components. The Company’s various coupling products include gear couplings diaphragm and disc couplings elastomeric couplings miniature and precision couplings as well as universal joints mill spindles and shaft locking devices. Its clutches and brakes products include electromagnetic clutch and brakes overrunning clutches and heavy duty clutches and brakes. Its gearing and power transmission components include gears bearing assemblies and belted drives. The Company offers its products under various brand names such as Ameridrives Ameridrives Power Transmission Bibby Warner Electric Inertia Dynamics and Matrix among others.