Economy

Amtrust Financial Services Incorporated (NASDAQ:AFSI) Just Reported Decreased Shorts

AmTrust Financial Services has a consensus rating of "Hold" and a consensus price target of $16.33. $30.07's average target is 216.86% above currents $9.49 stock price. The Maple Capital Management Inc holds 30,225 shares with $458,000 value, down from 250,034 last quarter. The rating was downgraded by Telsey Advisory Group on Wednesday, May 11 to "Market Perform".

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. Its down 8.14% from 15.96M shares, reported previously. It worsened, as 34 investors sold MUR shares while 99 reduced holdings. Copart Inc now has $8.29B valuation. The stock declined 2.42% or $0.23 reaching $9.26 per share. About 100 shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since November 13, 2016 and is uptrending.

Investors sentiment increased to 9.26 in 2017 Q2. Its down 0.04, from 1.15 in 2017Q1.

Amalgamated Bank reduced its holdings by selling 210 shares a decrease of 1.9%. Intact, Ontario - Canada-based fund reported 51,300 shares. More than 897 shares have changed hands. Nuveen Asset holds 12,458 shares or 0% of its portfolio. First Natl Trust Communications holds 1.93% in Microsoft Corporation (NASDAQ:MSFT) or 229,050 shares. Proshare Advsrs Lc invested 0% in Copart, Inc. Cornerstone Capital Mgmt Ltd Co accumulated 156,833 shares. The SI to Amtrust Financial Services Incorporated's float is 17.72%. (NASDAQ:CPRT) for 22,656 shares. With 778,200 shares average volume, it will take short sellers 19 days to cover their AFSI's short positions. Proshare Advsr Ltd holds 0.08% or 556,369 shares in its portfolio. Oakmont Corp invested in 0.04% or 3,000 shares. Institutional owners hold 38.50% stake in the company, while Insiders ownership held at 7.40%. (NASDAQ:CPRT) for 148,074 shares. Aperio Limited Liability Co owns 83,062 shares.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. AFSI's SI was 14.66M shares in November as released by FINRA. Copart had 19 analyst reports since January 15, 2016 according to SRatingsIntel. JP Morgan maintained Copart, Inc. UBS maintained it with "Buy" rating and $60 target in Friday, January 29 report. The rating was maintained by Deutsche Bank with "Hold" on Thursday, August 10. Ungar Stephen also sold $69,610 worth of AmTrust Financial Services Inc (NASDAQ:AFSI) on Thursday, June 15. Jefferies maintained Copart, Inc. The firm has "Hold" rating by Keefe Bruyette & Woods given on Thursday, July 6. The firm earned "Buy" rating on Thursday, September 3 by William Blair. The rating was upgraded by Compass Point on Friday, November 13 to "Buy". Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter. The insurance provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by ($0.37). AFSI's profit will be $53.07 million for 8.57 P/E if the $0.27 EPS becomes a reality. James Invest Research holds 0% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI) for 350 shares.

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 0.43, from 1.18 in 2017Q1. Maple Capital Management Inc sold 219,809 shares as Amtrust Financial Services (AFSI)'s stock declined 55.63%. Teachers Advisors LLC now owns 276,400 shares of the insurance provider's stock worth $5,102,000 after buying an additional 7,115 shares during the period. Nationwide Fund Advisors has 52,054 shares.

Analysts await AmTrust Financial Services Inc (NASDAQ:AFSI) to report earnings on February, 26. California State Teachers Retirement accumulated 151,108 shares.

Having a peek at growth estimates of the company, Amtrust Financial (NASDAQ:AFSI) has current quarter growth estimates of -18.4% however it has 6.3% estimations over growth for the next quarter. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The stock of AmTrust Financial Services Inc (NASDAQ:AFSI) has "Neutral" rating given on Wednesday, August 5 by Compass Point. 292,623 were reported by Tcw Grp Inc Inc. Ranger Investment Management L.P., a Texas-based fund reported 402,275 shares. SunTrust Banks, Inc. reaffirmed a "buy" rating and set a $16.00 price target on shares of AmTrust Financial Services in a research report on Friday. Legal & General Group Plc increased its position in shares of AmTrust Financial Services by 359.5% during the first quarter. Acadian Asset Mgmt Ltd Liability Company holds 0% or 49 shares in its portfolio.

Since May 15, 2017, it had 0 buys, and 1 insider sale for $69,610 activity.



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