Advanced Energy Industries, Inc. (AEIS) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 29.4% in the fourth quarter, Holdings Channel reports. The fund owned 14,004 shares of the electronics maker’s stock after selling 5,835 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Advanced Energy Industries were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Man Group plc lifted its holdings in Advanced Energy Industries by 12.8% in the 3rd quarter. Man Group plc now owns 107,925 shares of the electronics maker’s stock valued at $5,574,000 after acquiring an additional 12,241 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Advanced Energy Industries by 34.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 99,300 shares of the electronics maker’s stock valued at $5,541,000 after acquiring an additional 25,400 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at about $247,000. LPL Financial LLC acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at about $412,000. Finally, Vanguard Group Inc. lifted its holdings in Advanced Energy Industries by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,039,419 shares of the electronics maker’s stock valued at $208,636,000 after acquiring an additional 84,232 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

AEIS stock opened at $47.24 on Thursday. Advanced Energy Industries, Inc. has a one year low of $38.74 and a one year high of $71.66. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.36 and a beta of 1.42.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.08). Advanced Energy Industries had a net margin of 20.45% and a return on equity of 27.02%. The firm had revenue of $154.16 million for the quarter, compared to analysts’ expectations of $155.58 million. During the same period in the prior year, the company posted $1.31 earnings per share. Advanced Energy Industries’s quarterly revenue was down 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.52 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. ValuEngine downgraded shares of Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 9th. Finally, Zacks Investment Research raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $70.17.

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Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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

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