SG Americas Securities LLC Acquires Shares of 43,683 Ninetowns Internet Technlgy Grp Co Ltd. (NINE)

SG Americas Securities LLC acquired a new stake in shares of Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 43,683 shares of the company’s stock, valued at approximately $1,336,000. SG Americas Securities LLC owned 0.17% of Ninetowns Internet Technlgy Grp as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Ninetowns Internet Technlgy Grp by 26.8% in the second quarter. BlackRock Inc. now owns 588,500 shares of the company’s stock worth $19,491,000 after buying an additional 124,485 shares during the last quarter. Boston Partners increased its stake in shares of Ninetowns Internet Technlgy Grp by 24.2% in the second quarter. Boston Partners now owns 358,018 shares of the company’s stock worth $11,857,000 after buying an additional 69,838 shares during the last quarter. Precocity Capital LP increased its stake in shares of Ninetowns Internet Technlgy Grp by 4.2% in the second quarter. Precocity Capital LP now owns 250,000 shares of the company’s stock worth $8,280,000 after buying an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Ninetowns Internet Technlgy Grp by 110.0% in the third quarter. Russell Investments Group Ltd. now owns 220,694 shares of the company’s stock worth $6,749,000 after buying an additional 115,612 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Ninetowns Internet Technlgy Grp by 2.8% in the second quarter. Northern Trust Corp now owns 82,960 shares of the company’s stock worth $2,748,000 after buying an additional 2,250 shares during the last quarter.

A number of brokerages recently issued reports on NINE. Bank of America dropped their price target on shares of Ninetowns Internet Technlgy Grp from $47.00 to $34.00 and set a “buy” rating for the company in a research note on Monday. Citigroup began coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Monday, November 19th. They issued a “buy” rating and a $40.00 price target for the company. Raymond James set a $46.00 price target on shares of Ninetowns Internet Technlgy Grp and gave the stock a “buy” rating in a research note on Wednesday, November 14th. JPMorgan Chase & Co. dropped their price target on shares of Ninetowns Internet Technlgy Grp from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Finally, Wells Fargo & Co restated a “positive” rating and issued a $45.00 price target on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.96.

Ninetowns Internet Technlgy Grp stock opened at $25.48 on Friday. Ninetowns Internet Technlgy Grp Co Ltd. has a 12 month low of $22.23 and a 12 month high of $40.39.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The business had revenue of $218.43 million for the quarter, compared to analysts’ expectations of $215.78 million.

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Ninetowns Internet Technlgy Grp Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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Institutional Ownership by Quarter for Ninetowns Internet Technlgy Grp (NASDAQ:NINE)

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