Rex Energy (REXX) Reaches $3.14 After 8.00% Down Move; Albany International (AIN)’s Sentiment Is 1.1

June 19, 2017 - By Marguerite Chambers

Albany International Corp. is focused on textiles and materials processing business. The company has market cap of $1.67 billion. The Firm operates through two divisions: Machine Clothing and Albany Engineered Composites. It has a 33.72 P/E ratio. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

The stock of Rex Energy Corporation (NASDAQ:REXX) is a huge mover today! About 48,891 shares traded. Rex Energy Corporation (NASDAQ:REXX) has declined 36.38% since June 19, 2016 and is downtrending. It has underperformed by 53.08% the S&P500.The move comes after 9 months negative chart setup for the $31.45 million company. It was reported on Jun, 19 by Barchart.com. We have $2.89 PT which if reached, will make NASDAQ:REXX worth $2.52M less.

Granahan Investment Management Inc Ma holds 1.14% of its portfolio in Albany International Corp. for 715,650 shares. Rice Hall James & Associates Llc owns 425,207 shares or 0.99% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 0.95% invested in the company for 389,168 shares. The California-based Granite Investment Partners Llc has invested 0.9% in the stock. Bw Gestao De Investimentos Ltda., a Brazil-based fund reported 23,246 shares.

About 110,646 shares traded. Albany International Corp. (AIN) has risen 20.57% since June 19, 2016 and is uptrending. It has outperformed by 3.87% the S&P500.

Investors sentiment decreased to 0.68 in Q4 2016. Its down 0.39, from 1.07 in 2016Q3. It turned negative, as 12 investors sold Rex Energy Corporation shares while 19 reduced holdings. 9 funds opened positions while 12 raised stakes. 19.96 million shares or 25.13% less from 26.66 million shares in 2016Q3 were reported. Capstone Financial Advsr Inc has invested 0% in Rex Energy Corporation (NASDAQ:REXX). Citigroup reported 2,110 shares. Goldman Sachs invested in 138,260 shares. Synovus Fincl holds 71,658 shares or 0% of its portfolio. Bryn Mawr Trust reported 0% of its portfolio in Rex Energy Corporation (NASDAQ:REXX). Lpl Limited Com invested in 282,650 shares or 0% of the stock. Vanguard Grp Inc Incorporated reported 2.30M shares or 0% of all its holdings. Pathstone Family Office Ltd owns 50,000 shares or 0.02% of their US portfolio. 495,300 were accumulated by Bridgeway Capital Mgmt Inc. 26,887 were accumulated by State Street Corp. Primecap Ca holds 3.28 million shares or 0% of its portfolio. Mackay Shields Limited Liability holds 0.06% in Rex Energy Corporation (NASDAQ:REXX) or 2.64M shares. Wesbanco Bank & Trust reported 21,224 shares or 0% of all its holdings. Kistler stated it has 0% in Rex Energy Corporation (NASDAQ:REXX). Barclays Public Ltd Co holds 0% or 63 shares in its portfolio.

Among 7 analysts covering Rex Energy (NASDAQ:REXX), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Rex Energy has $5 highest and $0.50 lowest target. $2.31’s average target is -26.43% below currents $3.14 stock price. Rex Energy had 17 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse downgraded Rex Energy Corporation (NASDAQ:REXX) on Wednesday, July 22 to “Underperform” rating. Northland Capital maintained Rex Energy Corporation (NASDAQ:REXX) on Thursday, July 30 with “Outperform” rating. Stifel Nicolaus downgraded Rex Energy Corporation (NASDAQ:REXX) on Tuesday, December 1 to “Sell” rating. As per Tuesday, December 22, the company rating was downgraded by KeyBanc Capital Markets. Stifel Nicolaus upgraded it to “Hold” rating and $0.52 target in Thursday, September 29 report. The firm has “In-Line” rating given on Monday, November 23 by Imperial Capital. As per Wednesday, November 11, the company rating was downgraded by Northland Capital. Imperial Capital maintained it with “Outperform” rating and $3 target in Tuesday, August 4 report. KLR Group downgraded Rex Energy Corporation (NASDAQ:REXX) on Tuesday, January 19 to “Hold” rating.

Since May 17, 2017, it had 1 insider buy, and 0 selling transactions for $19,981 activity. 5,000 shares valued at $19,981 were bought by Rajan Thomas on Wednesday, May 17.

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