Itron, Inc. (ITRI) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 46.6% during the second quarter, Holdings Channel reports. The firm owned 4,820 shares of the scientific and technical instruments company’s stock after buying an additional 1,532 shares during the period. Trexquant Investment LP’s holdings in Itron were worth $327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ITRI. SG Americas Securities LLC boosted its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Itron by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the scientific and technical instruments company’s stock worth $656,000 after buying an additional 60 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Itron by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock worth $928,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Itron by 0.4% in the second quarter. Aperio Group LLC now owns 32,749 shares of the scientific and technical instruments company’s stock worth $2,219,000 after buying an additional 143 shares during the period. 95.25% of the stock is currently owned by institutional investors and hedge funds.

Itron, Inc. (NASDAQ:ITRI) opened at 72.65 on Friday. Itron, Inc. has a one year low of $47.20 and a one year high of $75.60. The stock’s 50 day moving average is $71.57 and its 200 day moving average is $65.93. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 89.91 and a beta of 1.10.

Itron (NASDAQ:ITRI) last announced its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, analysts predict that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of analysts have commented on the stock. Cowen and Company set a $60.00 price target on shares of Itron and gave the company a “hold” rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Itron in a research report on Friday, August 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $73.00 price target on shares of Itron in a research report on Thursday, July 13th. BidaskClub cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Guggenheim assumed coverage on shares of Itron in a research report on Tuesday, June 20th. They set a “buy” rating and a $81.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.00.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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