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Waste Management's stock sees mixed signals with increased investor stakes despite missing earnings expectations.
Sage Advisors LLC increased its stake in Waste Management, Inc. by 15.2%, purchasing 148 additional shares, bringing their total to 1,121 shares.
Other investors also adjusted their holdings, with Adell Harriman & Carpenter Inc. increasing its stake by 2.2%.
Despite its stock value and positive outlook from analysts who gave it a "buy" rating, Waste Management missed earnings expectations, reporting $1.70 per share compared to the expected $1.79.
Analysts project the company will post 7.7 EPS for the year, with institutional investors owning 80.40% of the stock.
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El stock de Waste Management ve señales mixtas con el aumento de las apuestas de los inversores a pesar de las expectativas de ganancias perdidas.