Asgn Incorporated (NYSE:ASGN) Could Improve Your Long Portfolio After Less Shorts Reported

September 16, 2018 - By Alicia Butler

ASGN Incorporated (NYSE:ASGN) Logo

Investors sentiment decreased to 0.03 in 2018 Q2. Its down 0.54, from 0.57 in 2018Q1. It is negative, as 139 investors sold ASGN Incorporated shares while 4 reduced holdings. 2 funds opened positions while 2 raised stakes. 3.84 million shares or 88.77% less from 34.16 million shares in 2018Q1 were reported.
Gemmer Asset Limited reported 83 shares. Frontier Mngmt stated it has 15,000 shares or 0.09% of all its holdings. Eagle Boston Incorporated, Massachusetts-based fund reported 273,677 shares. California-based Eqis Mngmt has invested 0.02% in ASGN Incorporated (NYSE:ASGN). Bamco Incorporated Ny accumulated 1.71 million shares or 0.58% of the stock. Usa Financial Portformulas Corporation holds 0.02% of its portfolio in ASGN Incorporated (NYSE:ASGN) for 1,197 shares. Schroder Investment Gp owns 1.81M shares. Alpha Windward Limited Liability Company owns 0.01% invested in ASGN Incorporated (NYSE:ASGN) for 189 shares.

Since May 14, 2018, it had 0 buys, and 4 sales for $5.14 million activity. The insider DAMERIS PETER T sold $1.55 million. The insider Hanson Theodore S. sold 12,409 shares worth $1.15M. $2.27 million worth of ASGN Incorporated (NYSE:ASGN) was sold by PIERCE EDWARD L.

The stock of Asgn Incorporated (NYSE:ASGN) registered a decrease of 8.65% in short interest. ASGN’s total short interest was 623,900 shares in September as published by FINRA. Its down 8.65% from 683,000 shares, reported previously. With 240,600 shares average volume, it will take short sellers 3 days to cover their ASGN’s short positions. The short interest to Asgn Incorporated’s float is 1.25%.

The stock increased 0.13% or $0.11 during the last trading session, reaching $83.47. About 357,049 shares traded or 28.13% up from the average. ASGN Incorporated (NYSE:ASGN) has risen 68.99% since September 16, 2017 and is uptrending. It has outperformed by 53.37% the S&P500.

ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company has market cap of $4.37 billion. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals. It has a 26.75 P/E ratio. It also provides scientific, engineering, and clinical research staffing and services for temporary and permanent assignments, such as chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, biostatisticians, drug safety specialists, SAS programmers, medical writers, food scientists, regulatory affairs specialists, lab assistants, and other skilled professionals.

ASGN Incorporated (NYSE:ASGN) Ratings Coverage

Among 4 analysts covering On Assignment (NYSE:ASGN), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. On Assignment had 5 analyst reports since April 2, 2018 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Friday, April 6. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, April 18 report. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, April 25 report. Wells Fargo maintained the shares of ASGN in report on Monday, April 2 with “Buy” rating.

ASGN Incorporated (NYSE:ASGN) Ratings Chart

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