Frontier Capital Management Co. LLC Has $27.83 Million Position in Altra Industrial Motion Corp (NASDAQ:AIMC)

Frontier Capital Management Co. LLC trimmed its position in Altra Industrial Motion Corp (NASDAQ:AIMC) by 46.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 552,172 shares of the industrial products company’s stock after selling 488,105 shares during the quarter. Frontier Capital Management Co. LLC owned 1.89% of Altra Industrial Motion worth $27,829,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AIMC. Schwab Charles Investment Management Inc. raised its stake in Altra Industrial Motion by 15.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,644 shares of the industrial products company’s stock valued at $6,752,000 after buying an additional 22,833 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Altra Industrial Motion by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 216,876 shares of the industrial products company’s stock valued at $8,632,000 after purchasing an additional 23,094 shares during the period. Legal & General Group Plc increased its holdings in shares of Altra Industrial Motion by 10.7% in the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 659 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Altra Industrial Motion by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,156 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Altra Industrial Motion by 12.9% in the second quarter. Principal Financial Group Inc. now owns 15,114 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 1,731 shares during the period. Institutional investors and hedge funds own 99.12% of the company’s stock.

In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of the sale, the vice president now owns 67,886 shares of the company’s stock, valued at $3,394,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Shares of Altra Industrial Motion Corp (NASDAQ AIMC) traded up $0.30 during trading on Monday, reaching $46.30. The company had a trading volume of 183,068 shares, compared to its average volume of 124,340. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. The stock has a market capitalization of $1,346.67, a P/E ratio of 32.62 and a beta of 1.61. Altra Industrial Motion Corp has a 52-week low of $35.20 and a 52-week high of $53.70.

AIMC has been the topic of several analyst reports. ValuEngine lowered Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Zacks Investment Research lowered Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub raised Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Altra Industrial Motion currently has an average rating of “Hold” and a consensus target price of $49.40.

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About Altra Industrial Motion

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.

Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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