Olympiad Research LP bought a new stake in shares of Iteris, Inc. (NASDAQ:ITI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 71,429 shares of the technology company's stock, valued at approximately $510,000. Olympiad Research LP owned about 0.17% of Iteris as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Forum Financial Management LP bought a new stake in Iteris in the third quarter worth about $279,000. Whittier Trust Co. grew its position in Iteris by 4.7% in the 3rd quarter. Whittier Trust Co. now owns 42,552 shares of the technology company's stock valued at $304,000 after acquiring an additional 1,897 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Iteris during the third quarter worth $125,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Iteris during the second quarter valued at $91,000. Finally, First Eagle Investment Management LLC grew its holdings in shares of Iteris by 3.7% in the second quarter. First Eagle Investment Management LLC now owns 515,381 shares of the technology company's stock worth $2,232,000 after purchasing an additional 18,289 shares during the last quarter. Hedge funds and other institutional investors own 51.16% of the company's stock.
Insider Activity at Iteris
In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $6.99, for a total transaction of $5,929,617.00. Following the transaction, the insider now owns 4,165,000 shares in the company, valued at approximately $29,113,350. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Maxim Group reiterated a "hold" rating on shares of Iteris in a report on Monday, August 12th. Northland Capmk cut shares of Iteris from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. B. Riley restated a "neutral" rating and issued a $7.20 price target (down previously from $8.00) on shares of Iteris in a report on Wednesday, August 21st. Finally, StockNews.com assumed coverage on shares of Iteris in a research note on Thursday, October 31st. They set a "buy" rating on the stock.
Check Out Our Latest Analysis on Iteris
Iteris Stock Performance
Shares of ITI stock remained flat at $7.19 during mid-day trading on Thursday. 4,543 shares of the company's stock traded hands, compared to its average volume of 329,061. Iteris, Inc. has a 1-year low of $4.00 and a 1-year high of $7.20. The stock has a market capitalization of $307.88 million, a PE ratio of 239.75 and a beta of 0.87. The stock's 50-day moving average price is $7.14 and its two-hundred day moving average price is $5.67.
Iteris (NASDAQ:ITI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Iteris had a net margin of 0.80% and a return on equity of 2.02%. The business had revenue of $45.78 million for the quarter, compared to analysts' expectations of $44.02 million. As a group, sell-side analysts expect that Iteris, Inc. will post 0.16 earnings per share for the current fiscal year.
Iteris Profile
(
Free Report)
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.
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