Profit Investment Management Raised By $642,252 Its Regal Beloit (RBC) Position; ABACUS MINING & EXPLORATION CORPORATION (ABCFF) Shorts Increased By 372.92%

February 8, 2018 - By Nellie Frank

ABACUS MINING & EXPLORATION CORPORATION (OTCMKTS:ABCFF) had an increase of 372.92% in short interest. ABCFF’s SI was 22,700 shares in February as released by FINRA. Its up 372.92% from 4,800 shares previously. With 281,500 avg volume, 0 days are for ABACUS MINING & EXPLORATION CORPORATION (OTCMKTS:ABCFF)’s short sellers to cover ABCFF’s short positions. The stock increased 12.06% or $0.02 during the last trading session, reaching $0.18. About shares traded. Abacus Mining & Exploration Corporation (OTCMKTS:ABCFF) has 0.00% since February 8, 2017 and is . It has underperformed by 16.70% the S&P500.

Profit Investment Management Llc increased Regal Beloit Corp (RBC) stake by 63.98% reported in 2017Q3 SEC filing. Profit Investment Management Llc acquired 8,234 shares as Regal Beloit Corp (RBC)’s stock rose 5.37%. The Profit Investment Management Llc holds 21,104 shares with $1.67M value, up from 12,870 last quarter. Regal Beloit Corp now has $3.35 billion valuation. The stock increased 2.58% or $1.9 during the last trading session, reaching $75.6. About 484,819 shares traded or 73.02% up from the average. Regal Beloit Corporation (NYSE:RBC) has risen 45.93% since February 8, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Among 14 analysts covering Regal Beloit Corp (NYSE:RBC), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Regal Beloit Corp had 38 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Regal Beloit Corporation (NYSE:RBC) earned “Neutral” rating by Seaport Global Securities on Tuesday, September 27. Goldman Sachs downgraded it to “Sell” rating and $62 target in Thursday, April 28 report. The rating was maintained by Oppenheimer on Wednesday, August 9 with “Buy”. The company was maintained on Monday, October 2 by Morgan Stanley. On Monday, January 11 the stock rating was upgraded by Morgan Stanley to “Overweight”. As per Tuesday, May 10, the company rating was downgraded by KeyBanc Capital Markets. On Thursday, January 25 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, June 27 report. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, November 7 report. The firm has “Market Perform” rating given on Tuesday, August 2 by BMO Capital Markets.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.01, from 1.22 in 2017Q2. It increased, as 19 investors sold RBC shares while 77 reduced holdings. 34 funds opened positions while 84 raised stakes. 41.24 million shares or 1.00% more from 40.83 million shares in 2017Q2 were reported. Axa has 0.04% invested in Regal Beloit Corporation (NYSE:RBC) for 110,400 shares. Magnetar Financial Lc has 3,117 shares. Mason Street Advsrs Limited Liability Com invested 0.04% in Regal Beloit Corporation (NYSE:RBC). Great West Life Assurance Can invested in 25,939 shares or 0.01% of the stock. Parametric Ltd Liability Corporation accumulated 81,929 shares. Clinton Grp Inc has 34,358 shares for 0.3% of their portfolio. Oregon Pub Employees Retirement Fund has invested 0.02% of its portfolio in Regal Beloit Corporation (NYSE:RBC). Pnc Fin Svcs Group Incorporated has 67,103 shares. Massachusetts Fincl Services Ma has 1.31 million shares for 0.04% of their portfolio. Deutsche Bancorp Ag holds 0.02% or 399,698 shares in its portfolio. Wellington Mgmt Gp Llp holds 0.01% in Regal Beloit Corporation (NYSE:RBC) or 306,984 shares. Colony Group Limited Com, Massachusetts-based fund reported 22,877 shares. Canada Pension Plan Investment Board stated it has 58,411 shares. Fifth Third National Bank reported 120 shares. Envestnet Asset Mngmt holds 0% or 619 shares in its portfolio.

Abacus Mining & Exploration Corporation, an exploration stage company, acquires, explores for, and develops mineral properties in Canada. The company has market cap of $7.05 million. It holds a 20% interest in the Ajax copper-gold project located near Kamloops, British Columbia. It currently has negative earnings.

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