Stock Traders Buy High Volume of Hollysys Automation Technologies Put Options (HOLI)

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,785 put options on the stock. This is an increase of approximately 1,928% compared to the average volume of 88 put options.

HOLI opened at $18.91 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.35 and a beta of 1.40. Hollysys Automation Technologies has a 52 week low of $16.00 and a 52 week high of $27.85.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Friday, February 15th. The industrial products company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. The business had revenue of $149.46 million for the quarter. Hollysys Automation Technologies had a return on equity of 14.25% and a net margin of 21.87%. On average, equities analysts forecast that Hollysys Automation Technologies will post 1.98 EPS for the current year.

Several research analysts have recently weighed in on HOLI shares. TheStreet raised shares of Hollysys Automation Technologies from a “c+” rating to a “b-” rating in a report on Friday, January 25th. BidaskClub raised Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. ValuEngine raised Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. cut Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $23.00 in a research note on Tuesday, April 9th. Finally, Zacks Investment Research cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Hollysys Automation Technologies has an average rating of “Hold” and a consensus target price of $25.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems increased its stake in Hollysys Automation Technologies by 53.7% in the fourth quarter. Ramsey Quantitative Systems now owns 7,317 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 2,555 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Hollysys Automation Technologies in the fourth quarter valued at $166,000. First Trust Advisors LP increased its stake in Hollysys Automation Technologies by 21.8% in the fourth quarter. First Trust Advisors LP now owns 18,269 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 3,269 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Hollysys Automation Technologies during the third quarter valued at about $409,000. Finally, Probity Advisors Inc. boosted its position in Hollysys Automation Technologies by 49.3% during the fourth quarter. Probity Advisors Inc. now owns 23,745 shares of the industrial products company’s stock valued at $416,000 after buying an additional 7,844 shares during the period. 73.92% of the stock is currently owned by institutional investors and hedge funds.

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Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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