Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. increased its stake in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 44.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,778 shares of the industrial products company’s stock after buying an additional 6,701 shares during the period. Eqis Capital Management Inc.’s holdings in Hollysys Automation Technologies were worth $362,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pictet Asset Management Ltd. boosted 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 during the period. Wellington Management Group LLP boosted its stake in shares of Hollysys Automation Technologies by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,174,058 shares of the industrial products company’s stock valued at $36,807,000 after buying an additional 215,443 shares during the period. Jupiter Asset Management Ltd. boosted its stake in shares of 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 valued at $20,875,000 after buying an additional 101,567 shares during the period. Ecofin Ltd. boosted its stake in shares of Hollysys Automation Technologies by 12.1% in the first quarter. Ecofin Ltd. now owns 854,452 shares of the industrial products company’s stock valued at $14,466,000 after buying an additional 92,370 shares during the period. Finally, Alliancebernstein L.P. boosted 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 during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Hollysys Automation Technologies, Ltd. (NASDAQ HOLI) traded down 1.90% during midday trading on Friday, reaching $19.15. The company’s stock had a trading volume of 232,960 shares. The stock has a 50-day moving average price of $18.11 and a 200 day moving average price of $17.08. The company has a market cap of $1.16 billion, a PE ratio of 16.80 and a beta of 1.53. 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 quarterly earnings data on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.15. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The company had revenue of $137.96 million for the quarter, compared to the consensus estimate of $152.80 million. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts expect that Hollysys Automation Technologies, Ltd. will post $1.67 earnings per share for the current fiscal year.

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HOLI has been the subject of several recent research reports. Instinet reiterated a “reduce” rating and issued a $12.31 price target on shares of Hollysys Automation Technologies in a research note on Tuesday. ValuEngine cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 target price for the company in a research note on Tuesday. Finally, BidaskClub upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.65.

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.

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

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