Seven Eight Capital LP Has $1.79 Million Holdings in Advanced Energy Industries, Inc. (AEIS)

Seven Eight Capital LP raised its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9,100.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,600 shares of the electronics maker’s stock after acquiring an additional 27,300 shares during the quarter. Seven Eight Capital LP owned approximately 0.07% of Advanced Energy Industries worth $1,785,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Advanced Energy Industries during the first quarter valued at $130,000. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 797.2% during the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock valued at $133,000 after acquiring an additional 1,730 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Advanced Energy Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after acquiring an additional 831 shares during the period. Pacad Investment Ltd. bought a new position in shares of Advanced Energy Industries during the second quarter valued at $188,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Advanced Energy Industries by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock valued at $205,000 after acquiring an additional 34 shares during the period. 92.25% of the stock is owned by institutional investors.

Advanced Energy Industries, Inc. (AEIS) opened at 74.73 on Thursday. Advanced Energy Industries, Inc. has a one year low of $43.33 and a one year high of $86.25. The firm’s 50 day moving average price is $71.98 and its 200-day moving average price is $71.17. The company has a market capitalization of $2.98 billion, a PE ratio of 18.99 and a beta of 1.35.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.15. The firm had revenue of $165.95 million during the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. Equities analysts forecast that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current fiscal year.

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In other news, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Yuval Wasserman sold 15,743 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $72.29, for a total value of $1,138,061.47. Following the sale, the chief executive officer now owns 122,006 shares of the company’s stock, valued at $8,819,813.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,743 shares of company stock valued at $2,575,781. Corporate insiders own 1.13% of the company’s stock.

A number of brokerages have issued reports on AEIS. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price objective for the company. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, July 10th. Finally, ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.60.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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