Flowserve Corp (FLS) Holdings Decreased by New South Capital Management Inc

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Flowserve Corp (NYSE:FLS).

New South Capital Management Inc reports that it sold 10,572 shares last quarter decreasing its exposure to Flowserve Corp by 0.6%. Its position stood at $70,912,000 a decrease of $6,884,000 according to the filing.

Here are some institutional investors who have increased or decreased their stake in (FLS). California State Teachers Retirement System divested its holdings by selling 16,410 shares a decrease of 6.5%. California State Teachers Retirement System claims 234,419 shares with a value of $9,984,000. The total value of its holdings decreased 14.3%. As of quarter end Davidson Investment Advisors had bought 362,241 shares growing its stake by 12,342.1%. The value of the total investment in Flowserve Corp increased from $136,000 to $15,552,000 increasing 11,335.3% for the reporting period.

As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 83,660 shares growing its holdings by 12.9%. The value of the company’s investment in Flowserve Corp went from $30,019,000 to $31,101,000 a change of $1,082,000 since the last quarter.

November 3 investment analysts at Royal Bank Of Canada left the company rating at “Underperform” projecting a price of $36.00.

On November 2, 2017 Boenning Scattergood reiterated a “Hold” rating on the company.

On October 17 Stifel Nicolaus held the company rating at “Buy” with a current price target of $49.00. October 9 investment analysts at Citigroup made no change to the stock rating of “Neutral” targeting a price of $48.00.

The company is so far trading down by 0.94% percent from yesterday’s close. The P/E ratio is currently 31.79 and the market value is 5.09B. In the last earnings report the EPS was $1.23 with 130.64M shares currently outstanding.

Investors are a little more bullish on the company recently if you take a look at the downtick in short interest. The stock recorded a fall in short interest of -10.02% as of the latest report on October 31, 2017. Short interest decreased 907,582 over that timeframe. The days to cover decreased to 7.0 and the percentage of shorted shares was 0.06% on October 31.

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