After Forming Multiple Bottom, Is Manning & Napier, Inc. (MN)’s Near-Term Analysis Negative?

July 14, 2018 - By James Douglas

Manning & Napier, Inc. (NYSE:MN) Logo

Investors sentiment increased to 1.39 in Q1 2018. Its up 0.30, from 1.09 in 2017Q4. It improved, as 4 investors sold Manning & Napier, Inc. shares while 14 reduced holdings. 7 funds opened positions while 18 raised stakes. 8.23 million shares or 2.64% more from 8.02 million shares in 2017Q4 were reported.
Stifel, a Missouri-based fund reported 30,000 shares. Sg Americas Securities Ltd Llc invested in 25,507 shares or 0% of the stock. Morgan Stanley invested 0% of its portfolio in Manning & Napier, Inc. (NYSE:MN). Wedgewood Incorporated holds 0% or 27,321 shares in its portfolio. Bancshares Of America De reported 4,158 shares. Ariel Ltd Limited Liability Company holds 0.04% or 1.02 million shares in its portfolio. Qs Invsts Limited Co has invested 0% of its portfolio in Manning & Napier, Inc. (NYSE:MN). Wealthtrust has invested 0% in Manning & Napier, Inc. (NYSE:MN). Rmb Cap Mgmt Lc holds 0.04% or 436,129 shares in its portfolio. Tudor Invest Et Al owns 12,147 shares. Moreover, Blackrock has 0% invested in Manning & Napier, Inc. (NYSE:MN). Gsa Capital Prns Ltd Liability Partnership, United Kingdom-based fund reported 105,789 shares. 82,600 are owned by Yorktown Mgmt Research. 37,431 are owned by Susquehanna Grp Llp. Bnp Paribas Arbitrage Sa holds 0% or 22 shares in its portfolio.

The stock of Manning & Napier, Inc. (MN) shows a multiple bottoms pattern with $2.88 target or 7.00 % below today’s $3.10 share price. The 9 months chart pattern indicates high risk for the $245.70M company. It was reported on Jul, 14 by Finviz.com. If the $2.88 price target is reached, the company will be worth $17.20 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 3.13% or $0.1 during the last trading session, reaching $3.1. About 16,704 shares traded. Manning & Napier, Inc. (NYSE:MN) has declined 35.05% since July 14, 2017 and is downtrending. It has underperformed by 47.62% the S&P500.

Analysts await Manning & Napier, Inc. (NYSE:MN) to report earnings on August, 7. They expect $0.06 earnings per share, down 50.00 % or $0.06 from last year’s $0.12 per share. MN’s profit will be $4.76M for 12.92 P/E if the $0.06 EPS becomes a reality. After $0.07 actual earnings per share reported by Manning & Napier, Inc. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Manning & Napier, Inc. is publicly owned investment manager. The company has market cap of $245.70 million. It provides its services to net worth individuals and institutions, including 401 plans, pension plans, taft-hartley plans, endowments and foundations. It has a 15.27 P/E ratio. The firm manages separate client-focused equity and fixed income portfolios.

Manning & Napier, Inc. (NYSE:MN) Institutional Positions Chart

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