Acuitas Investments LLC Has $2.84 Million Position in Iteris, Inc. (NASDAQ:ITI)

Acuitas Investments LLC lowered its holdings in Iteris, Inc. (NASDAQ:ITI) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 545,980 shares of the technology company’s stock after selling 6,671 shares during the quarter. Iteris comprises approximately 1.4% of Acuitas Investments LLC’s investment portfolio, making the stock its 26th largest holding. Acuitas Investments LLC owned about 1.27% of Iteris worth $2,839,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. TIAA Trust National Association purchased a new position in Iteris during the 3rd quarter worth $1,032,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Iteris during the 3rd quarter worth $563,000. Strs Ohio purchased a new position in Iteris during the 3rd quarter worth $390,000. Manatuck Hill Partners LLC bought a new stake in shares of Iteris during the 3rd quarter worth $248,000. Finally, Worth Venture Partners LLC raised its stake in shares of Iteris by 19.1% during the 3rd quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock worth $1,169,000 after purchasing an additional 45,244 shares during the period. Institutional investors and hedge funds own 51.16% of the company’s stock.

Iteris Price Performance

Shares of ITI traded down $0.07 during midday trading on Wednesday, hitting $4.47. 118,961 shares of the company traded hands, compared to its average volume of 124,426. The stock has a 50-day moving average of $4.88 and a 200-day moving average of $4.70. Iteris, Inc. has a one year low of $3.72 and a one year high of $5.49. The firm has a market cap of $191.80 million, a P/E ratio of 74.50 and a beta of 0.67.

Iteris (NASDAQ:ITI) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Iteris had a return on equity of 3.76% and a net margin of 1.45%. The company had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.39 million. Sell-side analysts forecast that Iteris, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITI shares. StockNews.com cut Iteris from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 19th. B. Riley lifted their target price on Iteris from $6.00 to $8.50 and gave the stock a “buy” rating in a research note on Friday, February 9th.

Insiders Place Their Bets

In other Iteris news, major shareholder Samjo Management, Llc sold 31,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $4.93, for a total value of $152,830.00. Following the completion of the sale, the insider now owns 6,432,800 shares of the company’s stock, valued at $31,713,704. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Iteris news, major shareholder Samjo Management, Llc sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $4.93, for a total value of $152,830.00. Following the completion of the sale, the insider now owns 6,432,800 shares in the company, valued at $31,713,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J. Joseph Bergera sold 10,714 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $5.19, for a total value of $55,605.66. Following the completion of the sale, the chief executive officer now owns 182,424 shares of the company’s stock, valued at approximately $946,780.56. The disclosure for this sale can be found here. Insiders sold a total of 127,164 shares of company stock valued at $662,009 over the last quarter. 7.40% of the stock is owned by corporate insiders.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.