Hollysys Automation Technologies, Ltd. (HOLI) Stake Boosted by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its position in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 241.8% during the first quarter, Holdings Channel reports. The firm owned 783,285 shares of the industrial products company’s stock after buying an additional 554,153 shares during the period. Alliancebernstein L.P.’s holdings in Hollysys Automation Technologies were worth $13,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. increased its position in Hollysys Automation Technologies by 9.0% in the first quarter. Jupiter Asset Management Ltd. now owns 1,233,028 shares of the industrial products company’s stock worth $20,875,000 after buying an additional 101,567 shares during the period. Vident Investment Advisory LLC increased its position in Hollysys Automation Technologies by 213.8% in the first quarter. Vident Investment Advisory LLC now owns 436,299 shares of the industrial products company’s stock worth $7,387,000 after buying an additional 297,247 shares during the period. Thomas White International Ltd. increased its position in Hollysys Automation Technologies by 25.3% in the first quarter. Thomas White International Ltd. now owns 242,694 shares of the industrial products company’s stock worth $4,109,000 after buying an additional 49,043 shares during the period. KBC Group NV increased its position in Hollysys Automation Technologies by 265.7% in the first quarter. KBC Group NV now owns 16,269 shares of the industrial products company’s stock worth $275,000 after buying an additional 11,820 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Hollysys Automation Technologies by 160.3% in the first quarter. JPMorgan Chase & Co. now owns 157,258 shares of the industrial products company’s stock worth $2,662,000 after buying an additional 96,850 shares during the period. 68.79% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

Hollysys Automation Technologies, Ltd. (HOLI) opened at 17.10 on Monday. The company’s 50-day moving average price is $16.37 and its 200-day moving average price is $17.27. Hollysys Automation Technologies, Ltd. has a 1-year low of $15.08 and a 1-year high of $23.55. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.82 and a beta of 1.43.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $99.35 million. The business’s revenue was down 23.1% compared to the same quarter last year. Equities research analysts expect that Hollysys Automation Technologies, Ltd. will post $1.41 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the company. BidaskClub raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. ValuEngine downgraded Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Finally, TheStreet downgraded Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Hollysys Automation Technologies presently has a consensus rating of “Hold” and an average price target of $21.83.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HOLI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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