Helios Technologies (SNHY) Draws Bearish Attention After Forming Bearish Double Bottom

September 16, 2018 - By Rene Reddy

Helios Technologies (NASDAQ:SNHY) Logo

Investors sentiment decreased to 1.23 in 2018 Q2. Its down 0.75, from 1.98 in 2018Q1. It worsened, as 12 investors sold Helios Technologies shares while 31 reduced holdings. 13 funds opened positions while 40 raised stakes. 26.69 million shares or 4.56% more from 25.53 million shares in 2018Q1 were reported.
Loomis Sayles & Com L P owns 174,872 shares. 370,000 were accumulated by Bamco Ny. Us Savings Bank De reported 8,013 shares. Walleye Trading Llc accumulated 555 shares. First Advsr Ltd Partnership reported 36,169 shares. Ameriprise holds 115,327 shares or 0% of its portfolio. Wasatch accumulated 2.31 million shares. State Board Of Administration Of Florida Retirement stated it has 0% in Helios Technologies (NASDAQ:SNHY). Huntington Fincl Bank reported 0% in Helios Technologies (NASDAQ:SNHY). Wells Fargo & Mn owns 0% invested in Helios Technologies (NASDAQ:SNHY) for 13,418 shares. Goldman Sachs Incorporated accumulated 35,203 shares. Utd Services Automobile Association holds 4,381 shares. Kornitzer Management Ks has 0.04% invested in Helios Technologies (NASDAQ:SNHY) for 54,420 shares. Fincl Bank Of America De invested in 105,491 shares. Bankshares Of Montreal Can has invested 0% in Helios Technologies (NASDAQ:SNHY).

Since May 16, 2018, it had 0 insider purchases, and 5 insider sales for $5.03 million activity. The insider KOSKI ROBERT C sold $494,924.

The chart of Helios Technologies (SNHY) shows a double bottom with $51.86 target or 3.00 % below today’s $53.46 share price. The 5 months chart pattern indicates high risk for the $1.69 billion company. It was reported on Sep, 16 by Finviz.com. If the $51.86 price target is reached, the company will be worth $50.70 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.31% or $0.69 during the last trading session, reaching $53.46. About 101,873 shares traded. Helios Technologies (NASDAQ:SNHY) has risen 3.44% since September 16, 2017 and is uptrending. It has underperformed by 12.18% the S&P500.

Analysts await Helios Technologies (NASDAQ:SNHY) to report earnings on November, 5. They expect $0.46 earnings per share, up 6.98 % or $0.03 from last year’s $0.43 per share. SNHY’s profit will be $14.54 million for 29.05 P/E if the $0.46 EPS becomes a reality. After $0.43 actual earnings per share reported by Helios Technologies for the previous quarter, Wall Street now forecasts 6.98 % EPS growth.

Helios Technologies (NASDAQ:SNHY) Ratings Coverage

Among 4 analysts covering Sun Hydraulics (NASDAQ:SNHY), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Sun Hydraulics had 5 analyst reports since March 23, 2018 according to SRatingsIntel. The stock of Helios Technologies (NASDAQ:SNHY) has “Hold” rating given on Tuesday, May 8 by Sidoti. The stock of Helios Technologies (NASDAQ:SNHY) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, May 8. The stock of Helios Technologies (NASDAQ:SNHY) earned “Buy” rating by Stifel Nicolaus on Wednesday, May 9. The rating was maintained by Robert W. Baird with “Neutral” on Monday, April 9.

Sun Hydraulics Corporation designs, makes, and sells screw-in cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems to industrial and mobile clients worldwide. The company has market cap of $1.69 billion. The firm operates in two divisions, Hydraulics and Electronics. It has a 47.14 P/E ratio. The Company’s screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

Helios Technologies (NASDAQ:SNHY) Institutional Positions Chart

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