Manning and Napier Inc (MN) Just Reaches All-Time Low?

May 19, 2017 - By Henry Gaston

The stock of Manning and Napier Inc (NYSE:MN) reached all time low today, May, 19 and still has $4.45 target or 7.00 % below today’s $4.78 share price. This indicates more downside for the $69.71 million company. This technical setup was reported by Barchart.com. If the $4.45 PT is reached, the company will be worth $4.88M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 39,785 shares traded. Manning and Napier Inc (NYSE:MN) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Analysts await Manning and Napier Inc (NYSE:MN) to report earnings on July, 26. They expect $0.14 earnings per share, down 17.65 % or $0.03 from last year’s $0.17 per share. MN’s profit will be $2.04 million for 8.54 P/E if the $0.14 EPS becomes a reality. After $0.13 actual earnings per share reported by Manning and Napier Inc for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

Manning and Napier Inc (NYSE:MN) Ratings Coverage

Among 6 analysts covering Manning & Napier Advisors (NYSE:MN), 0 have Buy rating, 4 Sell and 2 Hold. Therefore 0 are positive. Manning & Napier Advisors had 13 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, September 14, the company rating was downgraded by Raymond James. The stock of Manning and Napier Inc (NYSE:MN) earned “Market Perform” rating by Wood on Friday, October 14. Credit Suisse reinitiated the stock with “Neutral” rating in Monday, January 11 report. The stock of Manning and Napier Inc (NYSE:MN) has “Market Perform” rating given on Thursday, September 3 by Wood. The rating was reinitiated by Credit Suisse with “Neutral” on Friday, July 15. JP Morgan maintained Manning and Napier Inc (NYSE:MN) on Tuesday, September 8 with “Underweight” rating. On Tuesday, April 11 the stock rating was maintained by Wood with “Sell”. The company was downgraded on Thursday, October 27 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 1.06, from 1.85 in 2016Q3. It dived, as 13 investors sold Manning and Napier Inc shares while 34 reduced holdings. 17 funds opened positions while 20 raised stakes. 11.11 million shares or 1.83% less from 11.31 million shares in 2016Q3 were reported.
Axa reported 0% in Manning and Napier Inc (NYSE:MN). Blackrock Advsrs Limited Liability invested in 5,384 shares or 0% of the stock. Moreover, Blackrock Fund has 0% invested in Manning and Napier Inc (NYSE:MN) for 514,111 shares. Meeder Asset Mgmt Inc owns 0% invested in Manning and Napier Inc (NYSE:MN) for 397 shares. Wells Fargo And Mn stated it has 0% in Manning and Napier Inc (NYSE:MN). Wedgewood Partners holds 0.01% or 46,000 shares. Sterneck Mgmt Ltd Liability reported 104,080 shares. Vanguard Group holds 0% or 709,946 shares. Moreover, Rhumbline Advisers has 0% invested in Manning and Napier Inc (NYSE:MN) for 11,412 shares. Royal Financial Bank Of Canada has invested 0% in Manning and Napier Inc (NYSE:MN). Moreover, Federated Invsts Inc Pa has 0% invested in Manning and Napier Inc (NYSE:MN). 33,268 are held by Arrowstreet Partnership. Creative Planning holds 0% of its portfolio in Manning and Napier Inc (NYSE:MN) for 450 shares. Stifel Finance Corp reported 20,046 shares or 0% of all its holdings. Blackrock Institutional Trust Na invested 0% of its portfolio in Manning and Napier Inc (NYSE:MN).

More recent Manning and Napier Inc (NYSE:MN) news were published by: Finance.Yahoo.com which released: “Manning & Napier, Inc. Reports First Quarter 2017 Earnings Results” on May 03, 2017. Also Prnewswire.com published the news titled: “Manning & Napier, Inc. to Report First Quarter 2017 Results; Announces March …” on April 12, 2017. Prnewswire.com‘s news article titled: “Manning & Napier, Inc. Announces Quarterly Dividend” with publication date: April 27, 2017 was also an interesting one.

Manning & Napier, Inc. is an independent investment management company. The company has market cap of $69.71 million. The Firm operates through investment management industry segment. It has a 8.22 P/E ratio. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services.

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