Malaga Cove Capital LLC increased its stake in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,898 shares of the industrial products company’s stock after buying an additional 979 shares during the period. Malaga Cove Capital LLC owned approximately 0.10% of Hollysys Automation Technologies worth $1,025,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HOLI. Kopernik Global Investors LLC bought a new stake in shares of Hollysys Automation Technologies during the first quarter valued at approximately $10,476,000. Norges Bank bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $10,978,000. Hermes Investment Management Ltd. bought a new stake in shares of Hollysys Automation Technologies during the first quarter valued at approximately $9,879,000. Pictet Asset Management Ltd. increased its stake in shares of Hollysys Automation Technologies by 23.4% in the first quarter. Pictet Asset Management Ltd. now owns 2,935,168 shares of the industrial products company’s stock valued at $49,692,000 after buying an additional 556,260 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Hollysys Automation Technologies by 241.8% in the first quarter. Alliancebernstein L.P. now owns 783,285 shares of the industrial products company’s stock valued at $13,261,000 after buying an additional 554,153 shares in the last quarter. 66.57% of the stock is owned by institutional investors and hedge funds.
Hollysys Automation Technologies, Ltd. (NASDAQ HOLI) traded up 2.14% on Friday, reaching $18.14. The company had a trading volume of 444,874 shares. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.60 and a beta of 1.50. The firm has a 50 day moving average price of $16.79 and a 200-day moving average price of $16.94. 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 posted its earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The business had revenue of $91.30 million for the quarter, compared to the consensus estimate of $99.35 million. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The company’s revenue was down 23.1% compared to the same quarter last year. Analysts forecast that Hollysys Automation Technologies, Ltd. will post $1.40 earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on HOLI shares. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 16th. ValuEngine lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.85.
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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