Manning & Napier Incorporated (NYSE:MN) Shorted Shares Increased By 4.05%

July 17, 2017 - By Michael Collier

 Manning & Napier Incorporated (NYSE:MN) Shorted Shares Increased By 4.05%

Investors sentiment decreased to 0.79 in Q4 2016. Its down 1.06, from 1.85 in 2016Q3. It is negative, 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.
Victory Capital Mngmt Inc holds 73,210 shares. Prudential holds 0% in Manning and Napier Inc (NYSE:MN) or 20,746 shares. Arrowstreet Cap Partnership stated it has 0% in Manning and Napier Inc (NYSE:MN). Tiaa Cref Management Ltd Limited Liability Company reported 41,261 shares. Los Angeles Capital Mgmt & Equity Rech has invested 0% in Manning and Napier Inc (NYSE:MN). 709,946 are held by Vanguard Gru. Kennedy Capital Management holds 0.06% or 453,225 shares. Brandywine Management Ltd Liability Co reported 565,361 shares. Barclays Public Limited Liability Company holds 0% of its portfolio in Manning and Napier Inc (NYSE:MN) for 274 shares. Tudor Inv Corporation Et Al holds 12,147 shares or 0% of its portfolio. Ny State Common Retirement Fund holds 0% or 15,400 shares. Invesco Ltd holds 30,915 shares or 0% of its portfolio. Hancock Hldg holds 16,952 shares or 0% of its portfolio. Qci Asset Inc New York owns 1,000 shares for 0% of their portfolio. Gsa Llp invested in 107,389 shares or 0.05% of the stock.

The stock of Manning & Napier Incorporated (NYSE:MN) registered an increase of 4.05% in short interest. MN’s total short interest was 1.01M shares in July as published by FINRA. Its up 4.05% from 972,100 shares, reported previously. With 168,900 shares average volume, it will take short sellers 6 days to cover their MN’s short positions.

It closed at $4.2 lastly. It is down 46.69% since July 17, 2016 and is downtrending. It has underperformed by 63.39% the S&P500.

Manning & Napier, Inc. is an independent investment management company. The company has market cap of $62.48 million. The Firm operates through investment management industry segment. It has a 7.23 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.

Manning and Napier Inc (NYSE:MN) Ratings Coverage

Among 6 analysts covering Manning & Napier Advisors (NYSE:MN), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. Manning & Napier Advisors had 14 analyst reports since August 3, 2015 according to SRatingsIntel. Raymond James downgraded the shares of MN in report on Monday, September 14 to “Mkt Perform” rating. The rating was reinitiated by Credit Suisse with “Neutral” on Friday, July 15. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, June 14. On Friday, October 14 the stock rating was maintained by Wood with “Market Perform”. On Tuesday, September 8 the stock rating was maintained by JP Morgan with “Underweight”. The firm earned “Underperform” rating on Thursday, October 27 by Keefe Bruyette & Woods. Wood maintained it with “Market Perform” rating and $9.50 target in Thursday, September 3 report. The stock of Manning and Napier Inc (NYSE:MN) earned “Sell” rating by Wood on Tuesday, April 11. Credit Suisse reinitiated the shares of MN in report on Monday, January 11 with “Neutral” rating.

More important recent Manning and Napier Inc (NYSE:MN) news were published by: Prnewswire.com which released: “Manning & Napier Adds to Collective Investment Trust Lineup” on June 28, 2017, also Prnewswire.com published article titled: “Manning & Napier, Inc. to Report Second Quarter 2017 Results; Announces June …”, Reuters.com published: “BRIEF-Manning & Napier, Inc announces director appointments to company’s board” on June 26, 2017. More interesting news about Manning and Napier Inc (NYSE:MN) was released by: Prnewswire.com and their article: “Manning & Napier, Inc. Announces Director Appointments to the Company’s Board” with publication date: June 26, 2017.

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