Resources Connection, Inc. (RECN) Forms $15.00 Double Top; Mountain Lake Investment Management Lowered Actuant (ATU) Stake

Mountain Lake Investment Management Llc decreased Actuant Corp (ATU) stake by 35.21% reported in 2017Q3 SEC filing. Mountain Lake Investment Management Llc sold 125,000 shares as Actuant Corp (ATU)’s stock declined 5.05%. The Mountain Lake Investment Management Llc holds 230,000 shares with $5.89 million value, down from 355,000 last quarter. Actuant Corp now has $1.37B valuation. The stock increased 0.22% or $0.05 during the last trading session, reaching $22.85. About 892,377 shares traded or 78.92% up from the average. Actuant Corporation (NYSE:ATU) has risen 0.16% since February 12, 2017 and is uptrending. It has underperformed by 16.54% the S&P500.

Resources Connection, Inc. (RECN) formed double top with $15.75 target or 5.00% above today’s $15.00 share price. Resources Connection, Inc. (RECN) has $470.62M valuation. The stock decreased 0.99% or $0.15 during the last trading session, reaching $15. About 154,961 shares traded or 34.76% up from the average. Resources Connection, Inc. (NASDAQ:RECN) has declined 11.17% since February 12, 2017 and is downtrending. It has underperformed by 27.87% the S&P500.

Mountain Lake Investment Management Llc increased Viasat Inc (NASDAQ:VSAT) stake by 70,000 shares to 325,000 valued at $20.90 million in 2017Q3. It also upped Hertz Global Hldgs Inc stake by 70,000 shares and now owns 535,000 shares. Cnx Coal Res Lp was raised too.

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant had 45 analyst reports since August 26, 2015 according to SRatingsIntel. On Friday, October 7 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Actuant Corporation (NYSE:ATU) has “Hold” rating given on Wednesday, August 26 by Zacks. As per Tuesday, April 5, the company rating was initiated by BMO Capital Markets. RBC Capital Markets maintained the shares of ATU in report on Thursday, June 23 with “Outperform” rating. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Hold”. The firm has “Hold” rating given on Thursday, May 26 by Topeka Capital Markets. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, March 10. KeyBanc Capital Markets maintained it with “Overweight” rating and $29 target in Monday, September 18 report. The company was maintained on Tuesday, July 25 by RBC Capital Markets. On Friday, September 25 the stock rating was initiated by Barclays Capital with “Equal-Weight”.

Investors sentiment decreased to 1.37 in Q3 2017. Its down 0.35, from 1.72 in 2017Q2. It worsened, as 13 investors sold ATU shares while 47 reduced holdings. 22 funds opened positions while 60 raised stakes. 62.75 million shares or 3.05% less from 64.72 million shares in 2017Q2 were reported. Moreover, Paloma Prtn has 0.01% invested in Actuant Corporation (NYSE:ATU) for 16,709 shares. State Of Alaska Department Of Revenue holds 0.02% of its portfolio in Actuant Corporation (NYSE:ATU) for 11,852 shares. Moreover, Fuller And Thaler Asset Mgmt has 0.99% invested in Actuant Corporation (NYSE:ATU) for 3.15 million shares. Cove Street Capital Lc reported 560,001 shares or 1.6% of all its holdings. Hsbc Hldg Public Limited Company reported 7,831 shares. Leucadia National accumulated 14,292 shares. 7,969 are owned by Public Employees Retirement Systems Of Ohio. South Dakota Invest Council holds 0.02% in Actuant Corporation (NYSE:ATU) or 30,100 shares. Cna Fincl Corp invested in 61,266 shares. The New York-based Citigroup has invested 0% in Actuant Corporation (NYSE:ATU). Geode Management Ltd Liability Company holds 0% of its portfolio in Actuant Corporation (NYSE:ATU) for 497,921 shares. Southeastern Asset Inc Tn has 5.90M shares. Wedge Capital Management L LP Nc has invested 0.24% in Actuant Corporation (NYSE:ATU). Amer International Gp holds 0% or 47,200 shares in its portfolio. Ghp Inv Advisors invested in 73,624 shares or 0.29% of the stock.

Since September 28, 2017, it had 0 insider buys, and 2 sales for $153,218 activity. The insider Rennie Stephen sold $22,268. $130,950 worth of stock was sold by Wozniak Ted on Tuesday, October 10.

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