UBS Asset Management Americas Inc. continued to hold its position in shares of CalAmp Corp. (NASDAQ:CAMP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,500 shares of the Wireless communications provider’s stock at the end of the second quarter. UBS Asset Management Americas Inc.’s holdings in CalAmp Corp. were worth $234,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CAMP. Karp Capital Management Corp purchased a new position in shares of CalAmp Corp. during the 1st quarter valued at approximately $176,000. Ameriprise Financial Inc. increased its holdings in shares of CalAmp Corp. by 1.9% during the 1st quarter. Ameriprise Financial Inc. now owns 184,360 shares of the Wireless communications provider’s stock valued at $3,095,000 after purchasing an additional 3,435 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CalAmp Corp. by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 111,799 shares of the Wireless communications provider’s stock valued at $1,877,000 after purchasing an additional 5,042 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of CalAmp Corp. during the 1st quarter valued at approximately $171,000. Finally, OppenheimerFunds Inc. increased its holdings in shares of CalAmp Corp. by 17.1% during the 1st quarter. OppenheimerFunds Inc. now owns 15,409 shares of the Wireless communications provider’s stock valued at $258,000 after purchasing an additional 2,250 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.
Shares of CalAmp Corp. (NASDAQ CAMP) opened at $21.69 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.36 and a current ratio of 2.72. The firm has a market capitalization of $789.99 million, a P/E ratio of 24.93 and a beta of 1.66.
CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The company had revenue of $89.80 million during the quarter, compared to analyst estimates of $88.72 million. During the same quarter last year, the business posted $0.27 EPS. CalAmp Corp.’s quarterly revenue was down .8% compared to the same quarter last year. analysts anticipate that CalAmp Corp. will post 0.95 earnings per share for the current year.
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Several equities analysts have recently weighed in on the stock. TheStreet raised shares of CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. Zacks Investment Research lowered shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley reaffirmed a “buy” rating and set a $28.00 target price on shares of CalAmp Corp. in a report on Wednesday, October 4th. J P Morgan Chase & Co lowered shares of CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 target price for the company. in a report on Wednesday, October 4th. Finally, Northland Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of CalAmp Corp. in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.14.
In related news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $23.89, for a total value of $234,910.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimberly Alexy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total transaction of $565,500.00. Following the completion of the transaction, the director now directly owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,833 shares of company stock valued at $1,216,660. 5.30% of the stock is currently owned by company insiders.
About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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