Short traders are more bearish lately as inferred by the change in short interest. The firm saw a rise in short interest between August 15, 2017 and August 31, 2017 of 5.06%. Short interest grew from 476,315 to 500,420 over that period. Days to cover increased 2.0 to 6.0 and the percentage of shorted shares was 0.01% on August 31.
A few notable investment firms have updated their holdings. Capital Impact Advisors, LLC reduced its holdings by selling 14,572 shares a decrease of 27.7%. Capital Impact Advisors, LLC controls 38,036 shares worth $1,552,000. The total value of its holdings decreased 0.3%. Two Sigma Advisers, Lp grew its position by buying 15,662 shares an increase of 141.8% as of 06/30/2017. Two Sigma Advisers, Lp claims 26,705 shares valued at $1,090,000. The value of the position overall is up by 233.3%.
Legato Capital Management LLC augmented its stake by buying 14,939 shares an increase of 888.7% in the quarter. Legato Capital Management LLC now controls 16,620 shares with a value of $678,000. The value of the position overall is up by 1,256.0%. As of the end of the quarter Horizon Kinetics LLC had disposed of 4,118 shares trimming its holdings by 30.4%. The value of the total investment in TeleTech Holdings, Inc. decreased from $401,000 to $385,000 a change of $16,000 quarter over quarter.
The company is so far trading up since yesterday’s close of 38.7. Company shares last traded at $38.80 barely below $39.98, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $37.03. The 50 day moving average went down by -2.95% whereas the 200 day moving average was up $1.77 or +4.78%.
The company’s P/E ratio is 40.33 and the market cap of the company is 1.78B. As of the last earnings report the EPS was $0.96 and is projected to be $1.77 for the current year with 45,842,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.59 and the next full year EPS is anticipated to be $2.04.
TeleTech Holdings, Inc. (TeleTech), launched on December 22, 1994, is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS). As of December 31, 2016, it operated 82 customer engagement centers that are classified as Multi-Client Center, which it leases space and serves multiple clients in each facility; Dedicated Center, which it leases space and dedicates the entire facility to one client, and Managed Center, which are leased or owned by its clients. As of December 31, 2016, it delivered services in 23 countries from 82 customer engagement centers on six continents..