Nordea Investment Management AB cut its position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,275 shares of the industrial products company’s stock after selling 53,700 shares during the period. Nordea Investment Management AB owned approximately 0.68% of Hollysys Automation Technologies worth $6,946,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of HOLI. Pacad Investment Ltd. increased its position in Hollysys Automation Technologies by 269.0% in the fourth quarter. Pacad Investment Ltd. now owns 5,900 shares of the industrial products company’s stock worth $108,000 after buying an additional 4,301 shares during the period. Ellington Management Group LLC increased its position in Hollysys Automation Technologies by 11.8% in the fourth quarter. Ellington Management Group LLC now owns 11,400 shares of the industrial products company’s stock worth $209,000 after buying an additional 1,200 shares during the period. HPM Partners LLC bought a new position in Hollysys Automation Technologies during the first quarter worth $230,000. Trexquant Investment LP bought a new position in Hollysys Automation Technologies during the fourth quarter worth $246,000. Finally, Edinburgh Partners Ltd increased its position in Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $254,000 after buying an additional 2,600 shares during the period. 53.69% of the stock is currently owned by institutional investors and hedge funds.
Hollysys Automation Technologies Ltd (NASDAQ:HOLI) traded up 2.74% during midday trading on Friday, hitting $16.88. 269,767 shares of the company traded hands. The stock’s 50-day moving average price is $16.06 and its 200 day moving average price is $17.65. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.65 and a beta of 1.46. Hollysys Automation Technologies Ltd has a 12-month low of $15.08 and a 12-month high of $23.55.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a net margin of 21.02% and a return on equity of 17.04%. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $99.35 million. The company’s quarterly revenue was down 23.1% on a year-over-year basis. On average, equities analysts forecast that Hollysys Automation Technologies Ltd will post $1.41 EPS for the current year.
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Several research firms have commented on HOLI. TheStreet downgraded shares of Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, February 21st. Citigroup Inc downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “neutral” rating and set a $18.70 target price on the stock. in a research report on Wednesday, February 15th. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Deutsche Bank AG upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.26.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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