CenterBook Partners LP Trims Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

CenterBook Partners LP cut its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,048 shares of the technology company's stock after selling 11,497 shares during the period. CenterBook Partners LP owned approximately 0.12% of Mercury Systems worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Corient Private Wealth LLC raised its position in shares of Mercury Systems by 4.0% during the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock worth $288,000 after purchasing an additional 266 shares during the period. Ironwood Investment Management LLC raised its holdings in Mercury Systems by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock worth $1,722,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Mercury Systems by 5.0% in the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock valued at $461,000 after buying an additional 519 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Mercury Systems by 9.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock valued at $279,000 after buying an additional 555 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after acquiring an additional 825 shares in the last quarter. Institutional investors own 95.99% of the company's stock.

Insiders Place Their Bets

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock worth $234,454 in the last quarter. 1.60% of the stock is owned by company insiders.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY traded up $0.65 during trading on Tuesday, reaching $47.81. 139,982 shares of the stock traded hands, compared to its average volume of 572,487. The company has a 50-day moving average of $44.49 and a 200-day moving average of $41.21. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The stock has a market capitalization of $2.85 billion, a P/E ratio of -30.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on MRCY shares. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, January 16th. Finally, Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mercury Systems has a consensus rating of "Hold" and an average target price of $43.86.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.