Envestnet Asset Management Inc. Buys 7,104 Shares of Hollysys Automation Technologies, Ltd. (HOLI)

Envestnet Asset Management Inc. increased its position in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 48.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,833 shares of the industrial products company’s stock after buying an additional 7,104 shares during the period. Envestnet Asset Management Inc.’s holdings in Hollysys Automation Technologies were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HOLI. Pacad Investment Ltd. increased its stake in shares of Hollysys Automation Technologies by 269.0% in the fourth quarter. Pacad Investment Ltd. now owns 5,900 shares of the industrial products company’s stock worth $108,000 after buying an additional 4,301 shares during the last quarter. Ellington Management Group LLC increased its stake in shares of Hollysys Automation Technologies by 11.8% in the fourth quarter. Ellington Management Group LLC now owns 11,400 shares of the industrial products company’s stock worth $209,000 after buying an additional 1,200 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth $246,000. HPM Partners LLC acquired a new stake in shares of Hollysys Automation Technologies during the first quarter worth $230,000. Finally, United Capital Financial Advisers LLC increased its stake in shares of Hollysys Automation Technologies by 18.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 14,007 shares of the industrial products company’s stock worth $257,000 after buying an additional 2,174 shares during the last quarter. Hedge funds and other institutional investors own 68.79% of the company’s stock.

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

Shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) opened at 17.02 on Friday. Hollysys Automation Technologies, Ltd. has a one year low of $15.08 and a one year high of $23.55. The firm’s 50-day moving average price is $16.43 and its 200-day moving average price is $17.22. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.76 and a beta of 1.43.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a net margin of 18.27% and a return on equity of 11.65%. The company had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $99.35 million. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities analysts forecast that Hollysys Automation Technologies, Ltd. will post $1.40 earnings per share for the current year.

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A number of analysts have weighed in on HOLI shares. ValuEngine downgraded Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 16th. Finally, BidaskClub upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.83.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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