As Navistar Intl Corp New (Put) (NAV) Shares Rose, Shareholder Pomelo Capital LLC Increased Its Stake

Navistar International Corporation (NYSE:NAV) Corporate LogoDuring Q2 2018 the big money sentiment decreased to 0.67. That’s change of 2.33, from 2018Q1’s 3. 2 investors sold all, 1 reduced holdings as NAV ratio worsened. 0 grew holdings while 2 funds took holdings. Funds hold 386,613 shares thus 0.94% more from 2018Q1’s 383,011 shares. Gotham Asset Management Limited Liability owns 130,911 shs. 250,266 are owned by Stanley Management Limited. Quantitative Systematic Strategies Limited holds 0.04% or 5,436 shs in its capital.

Based on the latest 2018Q2 regulatory filing with the SEC, Pomelo Capital Llc increased its stake in Navistar Intl Corp New (Put) (NAV) by 1853%. 926,500 shares were bought by Pomelo Capital Llc as the company’s stock rose 1.79% with the market. The hedge fund is holding 976,500 shares, compared to the 50,000 from the previous quarter. And the reported value of the auto manufacturing company is $39.76M for the 2018Q2. $3.00 billion is Navistar Intl Corp New (Put)’s market cap. The stock decreased 2.16% or $0.67 during the last trading session, hitting $30.33.Currently Navistar International Corporation is uptrending after 6.31% change in last November 10, 2017. NAV has also 465,736 shares volume. The stock underperformed the S&P500 by 9.31%.

Pomelo Capital Llc reduced its stake in Mallinckrodt Pub Ltd Co (NYSE:MNK) by 1.10 million shares to 241,297 shares, valued at $4.50M in 2018Q2, according to the filing. It operates about $366.34 million and $1.02B US Long portfolio. Pomelo Capital Llc has cut its stake in Prospect Capital Corporation (NASDAQ:PSEC) and also reduced its holding in Herbalife Ltd (Prn) by 18.50M shares in the quarter, for a total of 20.00 million shares.

There’s a substantial Navistar International Corporation (NYSE:NAV) news posted by Seekingalpha.com. It’s an article titled: “Navistar repays $200M in convertible notes” on October 16, 2018.

Navistar International Corporation (NYSE:NAV) Ratings Coverage

In total 5 analysts cover Navistar International (NYSE:NAV). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. 60% are bullish. 5 are the (NYSE:NAV)’s analyst reports since June 1, 2018 according to StockzIntelligence Inc. On Friday, June 1 the firm has “Buy” rating by Longbow given. On Wednesday, June 6 the stock of Navistar International Corporation (NYSE:NAV) earned “Buy” rating by Robert W. Baird. On Friday, September 7 the stock of Navistar International Corporation (NYSE:NAV) earned “Buy” rating by Buckingham Research. On Wednesday, October 24 the firm earned “Neutral” rating by PiperJaffray.

Navistar International Corporation (NYSE:NAV) Analyst Ratings Chart

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