Joseph Tomarchio Insider Sell Transaction
Joseph Tomarchio, the Executive Vice President of Monro Muffler Brake Inc (NASDAQ:MNRO) 72.35 +1.19 1.67%, sold 37,333 shares of the company, worth total $2,701,069 US Dollars, based on an avg price of $72.4 per share. Having been a very big stock transaction at Monro Muffler Brake Inc, the chance that it stays unseen for long was obviously very low. Joseph Tomarchio today has rights to 31,067 shares which are roughly 0.10 % of the New York-Company’s total market capitalization.
Monro Muffler Brake Inc Stock Rating, Sentiment and Fundamentals
It is difficult to make conclusions about Monro Muffler Brake Inc’s future just from Joseph Tomarchio’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Joseph exercised options for 48,400 shares with average price 18.9, worth 914,641. And also, stats provided by nine professional security analysts who cover Monro Muffler Brake Inc states that the price-earnings ratio will be 33.51 if the earnings per share is $2.16.
* Read How Our Stock Ratings System Works
Within the last 200 days, Monro Muffler Brake Inc’s price per share has soared 21.49 % and is in a steady and strong up trend. We place NEUTRAL rating on the stock based on our trend-following system as illustrated on the chart below.
Price Chart of Monro Muffler Brake NASDAQ:MNRO Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
This substantial sale occurred on 19/11/2015 and was which was filed with the Washington-based SEC. The original report is free at your disposal here.
Hedge Funds Ownership
Latest 13F SEC filings reveal 177 hedge funds and institutional investors owned shares of Monro Muffler Brake Inc. Octafinance tracked hedge funds have traditionally had a high interest in the company’s stock, and that was also the case in Q2 2015. The institutional ownership was 108.83 % of the stock’s outstanding shares. They increased by 325,758 the total shares they hold. As of that quarter these professional stock owners owned 34.80 million shares. There were 11 funds that closed their positions and 63 that reduced them. A total of 18 funds opened new positions in Monro Muffler Brake Inc and 70 increased their holdings.
In all 177 funds that own the stock, two have it in Top 10. These funds are: Clifton Park Capital Management Llc, Cortland Advisers Llc.
Clifton Park Capital Management Llc had the greatest investment with ownership of 500,000 shares as of Q2 2015 for 2.26% of the fund’s portfolio. Cortland Advisers Llc is another bullish player having 500,000 shares of the company or 2.26% of their stocks portfolio. In addition Wasatch Advisors Inc have 1.08% of their stock portfolio invested in the company for 1.60 million shares. Charles Akre’s Akre Capital Management Llc disclosed it had purchased a stake worth 2.26% of the fund’s stock portfolio in Monro Muffler Brake Inc. The New York-based fund Forte Capital Llc Adv is also positive about the stock, owning 47,846 shares or 1.27% of their stock portfolio.
Monro Muffler Brake NASDAQ:MNRO Company Profile
Monro Muffler Brake, Inc. is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. As of March 28, 2015, the Company operated a chain of 999 Company-operated stores, one franchised location and 14 dealer-operated stores. It also provides other products and services, including tires and routine maintenance services, including state inspections. The Company is also engaged in repair and replacement of parts. The Company’s store provides a range of undercar repair services for brakes, steering, mufflers and exhaust systems, drive train, suspension and wheel alignment, as well as tire replacement and service. These services apply to all makes and models of domestic and foreign cars, light trucks and vans.
Company Website: Monro Muffler Brake
Monro Muffler Brake Inc was incorporated in New York on 1959-10-05. This company has 6557 employees. At the moment its market cap is: $2.28 billion and it has 31.05 million outstanding shares. Now the company has 109.90% shareholders and the institutional ownership is 109.90%. The stock closed at $72.349998 yesterday and it had average 2 days volume of 75836 shares. It is up from the 30 days average shares volume of 70810. Monro Muffler Brake Inc has a 52weeks low of $51.57 and a 52w high of $76.90. The current price is above the 200 days Simple moving average. Monro Muffler Brake Inc last issued its quarterly earnings information on 10/22/2015. The company reported 0.57 EPS for the quarter, above the consensus estimate of 0.56 by 0.01. The company had a revenue of 239.16 million for 9/30/2015 and 236.52 million for 6/30/2015. Therefore, the revenue was 2.64 million up.