Eagle Boston Investment Management Inc. Has $7.89 Million Stake in Albany International Corp. (AIN)
Eagle Boston Investment Management Inc. lifted its holdings in shares of Albany International Corp. (NYSE:AIN) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,495 shares of the textile maker’s stock after buying an additional 12,646 shares during the period. Eagle Boston Investment Management Inc. owned approximately 0.42% of Albany International worth $7,885,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC raised its holdings in Albany International by 71.3% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock worth $128,000 after purchasing an additional 998 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Albany International by 72.2% during the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock worth $139,000 after purchasing an additional 1,092 shares in the last quarter. Amalgamated Bank bought a new stake in Albany International during the second quarter worth approximately $214,000. Pinnacle Associates Ltd. bought a new stake in Albany International during the second quarter worth approximately $220,000. Finally, Miles Capital Inc. bought a new stake in Albany International during the second quarter worth approximately $229,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
Shares of Albany International Corp. (NYSE AIN) opened at $63.15 on Monday. Albany International Corp. has a twelve month low of $43.45 and a twelve month high of $64.25. The company has a market capitalization of $2,033.43, a P/E ratio of 40.74 and a beta of 1.72. The company has a current ratio of 2.49, a quick ratio of 1.76 and a debt-to-equity ratio of 0.80.
Albany International (NYSE:AIN) last announced its earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. Albany International had a return on equity of 9.24% and a net margin of 5.06%. The firm had revenue of $222.14 million for the quarter. During the same period in the previous year, the firm earned $0.41 EPS.
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Albany International Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. 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.
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