Today, a Director at Altra Holdings (AIMC), Lipscomb Michael, bought shares of AIMC for $484.8K.
This recent transaction increases Lipscomb Michael’s holding in the company by 90.97% to a total of $1.02 million. In addition to Lipscomb Michael, one other AIMC executive reported Buy trades in the last month.
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Based on Altra Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $483 million and quarterly net profit of $35.2 million. In comparison, last year the company earned revenue of $240 million and had a net profit of $9 million. AIMC’s market cap is $2.41B and the company has a P/E ratio of 24.33. Currently, Altra Holdings has an average volume of 415.1K.
Starting in July 2018, AIMC received 13 Buy ratings in a row.
In the last 30 days, insiders have sold $691.5K worth of AIMC shares and purchased $484.8K worth of AIMC shares. The insider sentiment on Altra Holdings has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Altra Industrial Motion Corp. designs, produces and markets electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment includes couplings, clutches and brakes; electromagnetic clutches and brakes; and gearing.
