Gamco Investors INC. ET AL Trims Holdings in CIRCOR International, Inc. (NYSE:CIR)

Gamco Investors INC. ET AL reduced its holdings in shares of CIRCOR International, Inc. (NYSE:CIR) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,355,476 shares of the industrial products company’s stock after selling 16,928 shares during the quarter. Gamco Investors INC. ET AL owned 0.07% of CIRCOR International worth $42,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CIR. Millennium Management LLC lifted its stake in CIRCOR International by 2,620.3% during the second quarter. Millennium Management LLC now owns 233,644 shares of the industrial products company’s stock worth $3,829,000 after purchasing an additional 225,055 shares during the last quarter. CM Wealth Advisors LLC bought a new position in CIRCOR International during the first quarter worth $1,579,000. Gabelli Funds LLC lifted its stake in CIRCOR International by 12.1% during the first quarter. Gabelli Funds LLC now owns 452,700 shares of the industrial products company’s stock worth $12,051,000 after purchasing an additional 48,700 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new stake in CIRCOR International in the first quarter worth $1,048,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of CIRCOR International during the first quarter valued at $703,000. 96.16% of the stock is currently owned by hedge funds and other institutional investors.

CIRCOR International Price Performance

Shares of NYSE CIR remained flat at $55.58 during trading hours on Friday. The company had a trading volume of 16,216 shares, compared to its average volume of 257,092. The stock has a fifty day moving average price of $55.81 and a two-hundred day moving average price of $40.80. CIRCOR International, Inc. has a twelve month low of $13.32 and a twelve month high of $56.48. The company has a market capitalization of $1.13 billion, a P/E ratio of 40.58 and a beta of 2.37. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 3.34.

CIRCOR International (NYSE:CIR) last announced its quarterly earnings results on Thursday, August 10th. The industrial products company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. CIRCOR International had a return on equity of 35.32% and a net margin of 3.40%. The firm had revenue of $208.81 million for the quarter, compared to analysts’ expectations of $203.10 million. Sell-side analysts forecast that CIRCOR International, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CIR has been the topic of a number of recent analyst reports. Stifel Nicolaus cut shares of CIRCOR International from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. StockNews.com started coverage on CIRCOR International in a research note on Sunday, September 3rd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.33.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial.