Alta Equipment GroupALTG
Market Cap: $202M
About: Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.
Employees: 3,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
2.82% less ownership
Funds ownership: 74.74% [Q1] → 71.92% (-2.82%) [Q2]
7% less funds holding
Funds holding: 123 [Q1] → 115 (-8) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
27% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 30
40% less capital invested
Capital invested by funds: $317M [Q1] → $192M (-$126M) [Q2]
66% less call options, than puts
Call options by funds: $1.07M | Put options by funds: $3.12M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
DA Davidson Matt Summerville 41% 1-year accuracy 11 / 27 met price target | 97%upside $12 | Buy Maintained | 13 Aug 2024 |
Raymond James Bryan Fast 100% 1-year accuracy 1 / 1 met price target | 64%upside $10 | Market Perform Downgraded | 9 Aug 2024 |