Stephens Keeps Watsco (WSO) As “Hold”; Has PT Of $185.0000; Magyar Bancorp (MGYR) Shorts Increased By 190%

Watsco, Inc. (NYSE:WSO) Logo

Magyar Bancorp Inc (NASDAQ:MGYR) had an increase of 190% in short interest. MGYR’s SI was 2,900 shares in April as released by FINRA. Its up 190% from 1,000 shares previously. With 500 avg volume, 6 days are for Magyar Bancorp Inc (NASDAQ:MGYR)’s short sellers to cover MGYR’s short positions. The SI to Magyar Bancorp Inc’s float is 0.16%. It closed at $12.16 lastly. It is down 26.65% since April 25, 2017 and is uptrending. It has outperformed by 15.10% the S&P500.

The financial company have set target of $185.0000 on Watsco (NYSE:WSO) shares. This is 6.46% from the last stock close. In an analyst note shared with investors on 24 April, Stephens maintained their “Hold” rating on shares of WSO.

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. The company has market cap of $5.97 billion. The firm distributes equipment, including residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. It has a 29.93 P/E ratio. It also distributes various parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies.

Investors sentiment increased to 1.86 in Q4 2017. Its up 0.28, from 1.58 in 2017Q3. It improved, as 19 investors sold Watsco, Inc. shares while 73 reduced holdings. 62 funds opened positions while 109 raised stakes. 29.17 million shares or 2.20% more from 28.54 million shares in 2017Q3 were reported. The Massachusetts-based Bain Cap Pub Equity Mngmt Limited Liability Company has invested 0.46% in Watsco, Inc. (NYSE:WSO). Moneta Group Incorporated Investment Advsrs Limited Liability owns 1,650 shares for 0.04% of their portfolio. Meeder Asset Mgmt invested 0.18% in Watsco, Inc. (NYSE:WSO). Huntington Bancorp has 176 shares for 0% of their portfolio. Bb&T Secs Ltd Liability Company invested in 27,304 shares. Cambridge Tru has 49,870 shares for 0.54% of their portfolio. Envestnet Asset Mngmt Inc has invested 0% of its portfolio in Watsco, Inc. (NYSE:WSO). Stock Yards Bancorporation & holds 0.94% of its portfolio in Watsco, Inc. (NYSE:WSO) for 50,216 shares. Swiss Financial Bank has 51,744 shares for 0.01% of their portfolio. Employees Retirement Of Ohio has 0.04% invested in Watsco, Inc. (NYSE:WSO). Pnc Svcs Gp reported 19,196 shares or 0% of all its holdings. Dubuque Bancorporation Trust, a Iowa-based fund reported 102 shares. Dimensional Fund Advsr L P invested in 251,945 shares or 0.02% of the stock. Sei Invs Company owns 90,311 shares. Fdx Advisors owns 3,985 shares.

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco has $207.0 highest and $103 lowest target. $162.38’s average target is -6.55% below currents $173.77 stock price. Watsco had 37 analyst reports since September 11, 2015 according to SRatingsIntel. The firm earned “Accumulate” rating on Thursday, April 21 by Seaport Global. Robert W. Baird maintained Watsco, Inc. (NYSE:WSO) on Thursday, August 31 with “Buy” rating. On Wednesday, November 25 the stock rating was initiated by Stifel Nicolaus with “Buy”. The rating was maintained by Stephens with “Overweight” on Wednesday, October 28. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 24. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, February 15. As per Thursday, February 8, the company rating was maintained by Stifel Nicolaus. The company was initiated on Monday, June 6 by SunTrust. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 26. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, April 3.

The stock decreased 7.30% or $13.69 during the last trading session, reaching $173.77. About 868,353 shares traded or 180.46% up from the average. Watsco, Inc. (NYSE:WSO) has risen 22.42% since April 25, 2017 and is uptrending. It has outperformed by 10.87% the S&P500.

Magyar Bancorp, Inc. operates as the bank holding firm for Magyar Bank that provides various banking services and products for families and businesses in Central New Jersey. The company has market cap of $70.78 million. The Company’s product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include secured demand loans. It has a 50.67 P/E ratio. The firm also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and investment securities.

Investors sentiment increased to 4 in 2017 Q4. Its up 3.33, from 0.67 in 2017Q3. It increased, as 1 investors sold Magyar Bancorp, Inc. shares while 0 reduced holdings. 1 funds opened positions while 3 raised stakes. 1.40 million shares or 100.49% more from 697,948 shares in 2017Q3 were reported. First Manhattan has 22,939 shares. Blackrock accumulated 1,052 shares. State Street Corporation stated it has 32,550 shares. Commercial Bank Of America Corporation De holds 0% or 2 shares in its portfolio. Vanguard Incorporated has 10,761 shares. Morgan Stanley invested in 0% or 501 shares. Pl Capital Advsr Ltd reported 539,833 shares stake. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0% in Magyar Bancorp, Inc. (NASDAQ:MGYR). Dimensional Fund Lp stated it has 0% of its portfolio in Magyar Bancorp, Inc. (NASDAQ:MGYR).

Watsco, Inc. (NYSE:WSO) Institutional Positions Chart