Jupiter Asset Management Ltd. Decreases Stock Holdings in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Jupiter Asset Management Ltd. lessened its holdings in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 24.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 656,346 shares of the industrial products company’s stock after selling 211,580 shares during the period. Jupiter Asset Management Ltd.’s holdings in Hollysys Automation Technologies were worth $8,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Davis Selected Advisers lifted its holdings in shares of Hollysys Automation Technologies by 0.5% in the fourth quarter. Davis Selected Advisers now owns 7,089,307 shares of the industrial products company’s stock valued at $104,142,000 after purchasing an additional 31,883 shares in the last quarter. Prudential PLC lifted its holdings in shares of Hollysys Automation Technologies by 2.5% in the fourth quarter. Prudential PLC now owns 4,637,017 shares of the industrial products company’s stock valued at $68,118,000 after purchasing an additional 112,587 shares in the last quarter. M&G Investment Management Ltd. lifted its holdings in shares of Hollysys Automation Technologies by 3.7% in the first quarter. M&G Investment Management Ltd. now owns 4,158,916 shares of the industrial products company’s stock valued at $54,066,000 after purchasing an additional 150,319 shares in the last quarter. Yiheng Capital Management L.P. lifted its holdings in shares of Hollysys Automation Technologies by 3.2% in the fourth quarter. Yiheng Capital Management L.P. now owns 2,960,705 shares of the industrial products company’s stock valued at $43,493,000 after purchasing an additional 92,400 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Hollysys Automation Technologies by 29.9% in the fourth quarter. Schroder Investment Management Group now owns 2,924,302 shares of the industrial products company’s stock valued at $42,958,000 after purchasing an additional 672,386 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Shares of HOLI opened at $13.57 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.23 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $821.49 million, a P/E ratio of 11.90 and a beta of 0.92. The firm’s 50 day moving average price is $13.19. Hollysys Automation Technologies Ltd. has a 1 year low of $9.83 and a 1 year high of $16.31.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Wednesday, May 12th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $109.91 million for the quarter. Hollysys Automation Technologies had a net margin of 12.34% and a return on equity of 6.62%. As a group, equities research analysts expect that Hollysys Automation Technologies Ltd. will post 1.73 earnings per share for the current fiscal year.

HOLI has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $16.10 price target on the stock. in a report on Friday, March 5th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 5th.

Hollysys Automation Technologies Profile

Hollysys Automation Technologies Ltd. provides automation solutions 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 MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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