15 Companies Raising Guidance and Attracting Institutional Money

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 |  Includes: APKT, ARJ, BPI, BRK.A, CRI, EEFT, ENTR, EXR, LOGM, PPS, SPY, SYKE, TRS, USNA, WBC, WR
by: Kapitall

The following is a list of companies that have recently raised guidance ahead of analyst estimates. All of these stocks are being chased by institutional investors.

To create the list, we started with a universe of stocks that recently raised guidance. We then narrowed down the list by only focusing on stocks that have seen a significant increase in institutional ownership over the last three months.

The management teams of these companies expect to beat estimates, and institutional investors seem to think there's more upside to these names. What do you think?

Guidance data sourced from Briefing.com, institutional data sourced from Reuters. (All data sourced early Tuesday afternoon.)

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The list has been sorted by the change in institutional ownership over the last three months.

1. Sykes Enterprises, Incorporated (NASDAQ:SYKE): Information Technology Services Industry. Market cap of $791.11M. Recently guided Q4 at $0.30-$0.33 vs. analyst estimates at $0.27. Institutional investors currently own 46,321,849 shares vs. 42,312,898 shares held three months ago (+9.47% change). Short float at 3.72%, which implies a short ratio of 2.9 days. The stock has lost -29.7% over the last year.

2. Westar Energy, Inc. (NYSE:WR): Diversified Utilities Industry. Market cap of $2.82B. Recently guided FY10 at $1.80-1.95 vs. analyst estimates at $1.78. Institutional investors currently own 84,033,183 shares vs. 77,477,360 shares held three months ago (+8.46% change). Short float at 9.23%, which implies a short ratio of 12.97 days. The stock has gained 39.62% over the last year.

3. Extra Space Storage Inc. (NYSE:EXR): REIT. Market cap of $1.45B. Recently guided Q4 at $0.23-0.24 vs. analyst estimates at $0.22. Institutional investors currently own 81,368,293 shares vs. 75,460,655 shares held three months ago (+7.83% change). Short float at 7.11%, which implies a short ratio of 7.56 days. The stock has gained 79.37% over the last year.

4. Euronet Worldwide Inc. (NASDAQ:EEFT): Business Services Industry. Market cap of $915.27M. Recently guided Q4 at $0.39 vs. analyst estimates at $0.36. Institutional investors currently own 45,374,403 shares vs. 42,395,729 shares held three months ago (+7.03% change). Short float at 7.06%, which implies a short ratio of 12.67 days. The stock has lost -24.1% over the last year.

5. USANA Health Sciences Inc. (NYSE:USNA): Drug Related Products Industry. Market cap of $674.08M. Recently guided FY10 at $2.90-2.93 vs. analyst estimates at $2.72. Institutional investors currently own 4,984,019 shares vs. 4,715,198 shares held three months ago (+5.7% change). Short float at 10.98%, which implies a short ratio of 13.07 days. The stock has gained 52.67% over the last year.

6. Acme Packet, Inc. (NASDAQ:APKT): Communication Equipment Industry. Market cap of $2.47B. Recently guided FY10 at $0.76-0.77 vs. analyst estimates at $0.73. Institutional investors currently own 52,113,969 shares vs. 49,675,327 shares held three months ago (+4.91% change). Short float at 5.1%, which implies a short ratio of 1.8 days. The stock has gained 296.63% over the last year.

7. Carter's, Inc. (NYSE:CRI): Apparel Clothing Industry. Market cap of $1.45B. Recently guided FY10 at $2.41-2.45 vs. analyst estimates at $2.39. Institutional investors currently own 60,071,154 shares vs. 57,669,171 shares held three months ago (+4.17% change). Short float at 4.9%, which implies a short ratio of 2.43 days. The stock has gained 6.36% over the last year.

8. TriMas Corporation (NASDAQ:TRS): Industrial Equipment & Components Industry. Market cap of $540.69M. Recently guided FY10 at $1.05-1.10 vs. analyst estimates at $1.05. Institutional investors currently own 39,755,160 shares vs. 38,229,994 shares held three months ago (+3.99% change). Short float at 1.88%, which implies a short ratio of 2.69 days. The stock has gained 252.67% over the last year.

9. Entropic Communications, Inc. (NASDAQ:ENTR): Semiconductor Industry. Market cap of $674.33M. Recently guided Q4 at approximately $0.21 vs. analyst estimates at $0.18. Institutional investors currently own 58,255,677 shares vs. 56,143,052 shares held three months ago (+3.76% change). Short float at 10.28%, which implies a short ratio of 2.99 days. The stock has gained 207.98% over the last year.

10. LogMeIn, Inc. (NASDAQ:LOGM): Information Technology Services Industry. Market cap of $876.22M. Recently guided Q4 at $0.23-0.24 vs. analyst estimates at $0.20. Institutional investors currently own 23,518,314 shares vs. 23,100,979 shares held three months ago (+1.81% change). Short float at 14.26%, which implies a short ratio of 9.22 days. The stock has gained 87.01% over the last year.

11. Arch Chemicals Inc. (NYSE:ARJ): Synthetics Industry. Market cap of $891.01M. Recently guided FY10 at $2.40-2.50 vs. analyst estimates at $2.38. Institutional investors currently own 23,204,338 shares vs. 22,812,571 shares held three months ago (+1.72% change). Short float at 3.04%, which implies a short ratio of 7.27 days. The stock has gained 31.42% over the last year.

12. WABCO Holdings Inc. (NYSE:WBC): Auto Parts Industry. Market cap of $3.03B. Recently guided FY10 at $2.47-2.57 vs. analyst estimates at $2.20. Institutional investors currently own 63,465,749 shares vs. 62,451,267 shares held three months ago (+1.62% change). Short float at 0.69%, which implies a short ratio of 0.9 days. The stock has gained 97.93% over the last year.

13. Bridgepoint Education, Inc. (NYSE:BPI): Education & Training Services Industry. Market cap of $762.38M. Recently guided FY10 at $2.02-2.05 vs. analyst estimates at $1.98. Institutional investors currently own 60,923,172 shares vs. 60,142,832 shares held three months ago (+1.3% change). Short float at 20.49%, which implies a short ratio of 14.88 days. The stock has lost -1.69% over the last year.

14. Lubrizol Corporation (LZ): Specialty Chemicals Industry. Market cap of $6.97B. Recently guided FY10 at $10.35-10.55 vs. analyst estimates at $10.10. Institutional investors currently own 57,877,859 shares vs. 57,182,567 shares held three months ago (+1.22% change). Short float at 2.81%, which implies a short ratio of 3.31 days. The stock has gained 57.81% over the last year.

15. Post Properties Inc. (NYSE:PPS): REIT. Market cap of $1.5B. Recently guided FY10 at $1.36-1.40 vs. analyst estimates at $1.31. Institutional investors currently own 50,849,482 shares vs. 50,306,642 shares held three months ago (+1.08% change). Short float at 10.3%, which implies a short ratio of 8.33 days. The stock has gained 93.91% over the last year.

Disclosure: No positions