Will Nci Building Systems Incorporated (NYSE:NCS) Run Out of Steam Soon? Short Interest Is Down

July 17, 2017 - By Peter Erickson

 Will Nci Building Systems Incorporated (NYSE:NCS) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.90, from 1.85 in 2016Q3. It turned negative, as 25 investors sold NCI Building Systems Inc shares while 50 reduced holdings. 23 funds opened positions while 48 raised stakes. 62.09 million shares or 1.18% less from 62.83 million shares in 2016Q3 were reported.
Copper Rock Capital Partners Ltd has invested 1.63% in NCI Building Systems Inc (NYSE:NCS). Manufacturers Life Ins Co The accumulated 19,643 shares. Victory Mgmt reported 0% in NCI Building Systems Inc (NYSE:NCS). Blackrock Inv Mgmt Llc has invested 0% in NCI Building Systems Inc (NYSE:NCS). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,120 shares. Geode Capital Mgmt Ltd Co invested 0% in NCI Building Systems Inc (NYSE:NCS). Hsbc Public Ltd Company invested in 0% or 10,654 shares. Vanguard Group stated it has 2.94M shares. Dimensional Fund Advsr Lp holds 1.32M shares. Blackrock Fund Advisors accumulated 0% or 816,441 shares. Millennium Management Ltd Co holds 0.02% or 713,500 shares in its portfolio. Rutabaga Ltd Ma reported 3.52% in NCI Building Systems Inc (NYSE:NCS). Schwab Charles Investment Mgmt stated it has 192,684 shares. Blackrock reported 2,360 shares. Bancorp Of Montreal Can has invested 0% in NCI Building Systems Inc (NYSE:NCS).

Since January 24, 2017, it had 0 buys, and 1 sale for $39,903 activity. Little Bradley Scott sold $39,903 worth of stock or 2,500 shares.

The stock of Nci Building Systems Incorporated (NYSE:NCS) registered a decrease of 19.6% in short interest. NCS’s total short interest was 1.06M shares in July as published by FINRA. Its down 19.6% from 1.32 million shares, reported previously. With 439,300 shares average volume, it will take short sellers 2 days to cover their NCS’s short positions.

The stock increased 0.86% or $0.15 on July 17, reaching $17.65. About 251,072 shares traded. NCI Building Systems Inc (NYSE:NCS) has risen 17.08% since July 17, 2016 and is uptrending. It has outperformed by 0.38% the S&P500.

NCI Building Systems, Inc. is a manufacturer and marketer of metal products in North America. The company has market cap of $1.25 billion. The Company’s operating divisions include Engineered building systems, Metal components and Metal coil coating. It has a 20.73 P/E ratio. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.

NCI Building Systems Inc (NYSE:NCS) Ratings Coverage

Among 10 analysts covering NCI Building Systems (NYSE:NCS), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. NCI Building Systems had 15 analyst reports since August 12, 2015 according to SRatingsIntel. As per Tuesday, January 10, the company rating was initiated by Seaport Global. FBR Capital maintained it with “Outperform” rating and $20.0 target in Friday, September 4 report. The stock has “Neutral” rating by Citigroup on Wednesday, October 12. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5. The company was maintained on Thursday, March 10 by Credit Suisse. DA Davidson downgraded the shares of NCS in report on Thursday, May 19 to “Neutral” rating. The stock has “Buy” rating by BB&T Capital on Friday, September 4. On Wednesday, April 26 the stock rating was upgraded by RBC Capital Markets to “Outperform”. As per Friday, January 6, the company rating was initiated by Barclays Capital. UBS maintained the stock with “Buy” rating in Thursday, September 3 report.

More notable recent NCI Building Systems Inc (NYSE:NCS) news were published by: Seekingalpha.com which released: “NCI Building Systems’ (NCS) CEO Norman Chambers Q3 2016 Results – Earnings …” on August 31, 2016, also Nasdaq.com with their article: “Here’s Why NCI Building Systems (NCS) Stock is a Must Buy” published on June 14, 2017, Fool.com published: “Why NCI Building Systems Inc.’s Shares Popped 12% Today” on December 09, 2016. More interesting news about NCI Building Systems Inc (NYSE:NCS) were released by: Prnewswire.com and their article: “NCI Building Systems Announces Fourth Quarter and Fiscal Year End 2016 …” published on November 28, 2016 as well as Seekingalpha.com‘s news article titled: “NCI Building Systems’ (NCS) CEO Norman Chambers on Q1 2017 Results – Earnings …” with publication date: March 08, 2017.

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