Quantbot Technologies LP Has $850,000 Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Quantbot Technologies LP boosted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 252.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,964 shares of the technology company's stock after acquiring an additional 16,456 shares during the quarter. Quantbot Technologies LP's holdings in Mercury Systems were worth $850,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Roubaix Capital LLC purchased a new stake in Mercury Systems in the second quarter worth approximately $3,684,000. Jane Street Group LLC boosted its stake in shares of Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company's stock worth $7,597,000 after purchasing an additional 130,396 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Mercury Systems in the 2nd quarter worth about $3,079,000. Clearline Capital LP raised its holdings in shares of Mercury Systems by 18.4% in the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company's stock valued at $14,213,000 after acquiring an additional 81,826 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Mercury Systems during the third quarter valued at about $2,831,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MRCY. Alembic Global Advisors raised Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price target for the company in a research report on Monday, August 19th. Robert W. Baird lifted their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price objective on Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 14th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and raised their price target for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, Truist Financial raised their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $36.29.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares of the company's stock, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Mercury Systems Trading Down 3.3 %

MRCY traded down $1.34 during trading on Monday, hitting $39.79. 250,067 shares of the company's stock were exchanged, compared to its average volume of 572,936. The stock has a 50 day moving average price of $37.43 and a 200 day moving average price of $34.67. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $44.63. The firm has a market cap of $2.37 billion, a P/E ratio of -20.06 and a beta of 0.71.

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.