CIRCOR International, Inc. (NYSE:CIR) Sees Significant Drop in Short Interest

CIRCOR International, Inc. (NYSE:CIR) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 343,900 shares, a decrease of 17.8% from the March 31st total of 418,200 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 134,700 shares, the days-to-cover ratio is presently 2.6 days.

Shares of NYSE:CIR traded up $1.10 on Tuesday, reaching $35.65. 89,020 shares of the company traded hands, compared to its average volume of 123,386. The company’s 50 day moving average is $34.64 and its 200-day moving average is $34.92. The stock has a market capitalization of $719.06 million, a PE ratio of -4.20 and a beta of 2.65. The company has a debt-to-equity ratio of 2.39, a current ratio of 2.35 and a quick ratio of 1.54. CIRCOR International has a fifty-two week low of $9.31 and a fifty-two week high of $43.20.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Wednesday, March 3rd. The industrial products company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). CIRCOR International had a positive return on equity of 11.03% and a negative net margin of 21.05%. The company had revenue of $208.35 million during the quarter, compared to analysts’ expectations of $209.15 million. As a group, analysts expect that CIRCOR International will post 1.49 EPS for the current year.

In related news, insider Sumit Mehrotra sold 4,097 shares of the stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $39.26, for a total value of $160,848.22. Following the sale, the insider now owns 21,953 shares of the company’s stock, valued at approximately $861,874.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Tanya Dawkins sold 1,046 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $39.69, for a total value of $41,515.74. Following the transaction, the vice president now owns 2,284 shares of the company’s stock, valued at $90,651.96. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Several large investors have recently made changes to their positions in CIR. SG Americas Securities LLC purchased a new position in CIRCOR International in the fourth quarter valued at about $159,000. Arizona State Retirement System acquired a new position in CIRCOR International in the fourth quarter worth approximately $201,000. Schroder Investment Management Group bought a new position in CIRCOR International during the fourth quarter valued at approximately $260,000. Cim Investment Mangement Inc. acquired a new stake in CIRCOR International in the fourth quarter valued at approximately $266,000. Finally, Oregon Public Employees Retirement Fund grew its position in CIRCOR International by 6.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,282 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

A number of equities analysts recently issued reports on CIR shares. TheStreet upgraded shares of CIRCOR International from a “d+” rating to a “c-” rating in a research report on Monday, March 22nd. Zacks Investment Research lowered CIRCOR International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. CIRCOR International presently has a consensus rating of “Hold” and a consensus target price of $37.00.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial. The Aerospace & Defense segment manufactures and markets control valves, pumps, regulators, fluid controls, actuation systems, pneumatic valves and controls, electro-mechanical controls, motors, and other flow control products and systems.

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