Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) Stake Held by Eastspring Investments (Singapore) Ltd

Eastspring Investments (Singapore) Ltd

recently stated that they own a 10% stake in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, August 9th. The investor owns 6,061,310 shares of the stock valued at $116,074,087. The filing is available through Edgar at this link.

Eastspring Investments (Singapore) Ltd

provided the following explanation of their ownership:

Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Warning: file_get_contents(https://whalewisdom.com
6,061,310
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Several other large investors also recently made changes to their positions in HOLI. Bank of New York Mellon Corp acquired a new stake in Hollysys Automation Technologies during the first quarter worth about $6,444,000. HPM Partners LLC acquired a new stake in Hollysys Automation Technologies during the first quarter worth about $230,000. Edinburgh Partners Ltd raised its stake in Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $254,000 after buying an additional 2,600 shares during the last quarter. First Trust Advisors LP raised its stake in Hollysys Automation Technologies by 29.8% in the first quarter. First Trust Advisors LP now owns 73,477 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 16,883 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in Hollysys Automation Technologies during the first quarter worth about $255,000. Institutional investors own 69.57% of the company’s stock.

Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) traded down 1.90% during trading on Friday, reaching $19.15. 232,960 shares of the company’s stock traded hands. Hollysys Automation Technologies, Ltd. has a 12 month low of $15.08 and a 12 month high of $23.55. The firm has a 50 day moving average price of $18.11 and a 200-day moving average price of $17.08. The firm has a market cap of $1.16 billion, a PE ratio of 16.80 and a beta of 1.53.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by $0.15. The company had revenue of $137.96 million during the quarter, compared to the consensus estimate of $152.80 million. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts forecast that Hollysys Automation Technologies, Ltd. will post $1.67 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was published by BNB Daily and is owned by of BNB Daily. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/eastspring-investments-singapore-ltd-owns-stake-in-hollysys-automation-technologies-ltd-nasdaqholi-updated.html.

A number of research firms have recently issued reports on HOLI. Instinet restated a “reduce” rating and issued a $12.31 target price on shares of Hollysys Automation Technologies in a report on Tuesday. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a report on Tuesday. Finally, TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 10th. Two investment 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.

About Hollysys Automation Technologies

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)

Receive News & Ratings for Hollysys Automation Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply