2 weeks Ago By Defense World Staff
Alta Equipment Group ( NYSE:ALTG – Get Free Report ) ‘s stock had its “market perform” rating reiterated by stock analysts at Northland Securities in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $20.
00 price target on the stock, down from their prior price target of $30.00. Northland Securities’ target price indicates a potential upside of 177.
78% from the stock’s previous close. Several other analysts also recently issued reports on ALTG. Raymond James reissued a “market perform” rating and issued a $10.
00 price target (down previously from $14.00) on shares of Alta Equipment Group in a research note on Friday, August 9th. DA Davidson reduced their price target on Alta Equipment Group from $20.
00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock.
According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.75. Read Our Latest Stock Report on ALTG Alta Equipment Group Stock Performance Insider Buying and Selling In other Alta Equipment Group news, major shareholder Voss Capital, Lp sold 11,311 shares of the company’s stock in a transaction on Wednesday, October 2nd.
The shares were sold at an average price of $6.31, for a total transaction of $71,372.41.
Following the sale, the insider now owns 963,689 shares of the company’s stock, valued at approximately $6,080,877.59. This represents a 1.
16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . 19.
90% of the stock is currently owned by insiders. Hedge Funds Weigh In On Alta Equipment Group Institutional investors and hedge funds have recently made changes to their positions in the stock. Nantahala Capital Management LLC raised its holdings in shares of Alta Equipment Group by 108.
2% in the 2nd quarter. Nantahala Capital Management LLC now owns 838,222 shares of the company’s stock worth $6,739,000 after acquiring an additional 435,713 shares during the last quarter. American Century Companies Inc.
raised its holdings in shares of Alta Equipment Group by 460.1% in the 2nd quarter. American Century Companies Inc.
now owns 211,585 shares of the company’s stock worth $1,701,000 after acquiring an additional 173,810 shares during the last quarter. Register Financial Advisors LLC raised its holdings in shares of Alta Equipment Group by 44.3% in the 2nd quarter.
Register Financial Advisors LLC now owns 335,702 shares of the company’s stock worth $2,699,000 after acquiring an additional 103,071 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Alta Equipment Group by 64.1% in the 1st quarter.
Ancora Advisors LLC now owns 262,919 shares of the company’s stock worth $3,405,000 after acquiring an additional 102,660 shares during the last quarter. Finally, JCP Investment Management LLC acquired a new stake in shares of Alta Equipment Group in the 2nd quarter worth about $721,000. Institutional investors own 73.
58% of the company’s stock. Alta Equipment Group Company Profile ( Get Free Report ) Alta Equipment Group Inc owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution.
The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. See Also Five stocks we like better than Alta Equipment Group What is the S&P/TSX Index? 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick Dividend Capture Strategy: What You Need to Know Mouse Rising: The Iger Investment Pays Off for Disney Investors What is a Secondary Public Offering? What Investors Need to Know Can CAVA Stock Be the Next Chipotle? Earnings Can Help Receive News & Ratings for Alta Equipment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alta Equipment Group and related companies with MarketBeat.com's FREE daily email newsletter .
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