Stone Ridge Asset Management LLC grew its position in Iteris Inc (NASDAQ:ITI) by 72.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,497 shares of the technology company’s stock after buying an additional 8,597 shares during the quarter. Stone Ridge Asset Management LLC owned 0.06% of Iteris worth $76,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. SlateStone Wealth LLC acquired a new position in shares of Iteris in the fourth quarter valued at about $48,000. Rhumbline Advisers increased its holdings in shares of Iteris by 52.6% in the fourth quarter. Rhumbline Advisers now owns 32,671 shares of the technology company’s stock valued at $122,000 after purchasing an additional 11,258 shares during the period. Geode Capital Management LLC increased its holdings in shares of Iteris by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 267,638 shares of the technology company’s stock valued at $998,000 after purchasing an additional 12,233 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Iteris by 37.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 281,085 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 77,069 shares during the period. Finally, Cowen Prime Services LLC increased its holdings in shares of Iteris by 27.2% in the fourth quarter. Cowen Prime Services LLC now owns 1,161,390 shares of the technology company’s stock valued at $4,332,000 after purchasing an additional 248,198 shares during the period. Institutional investors and hedge funds own 36.45% of the company’s stock.
Separately, Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $6.75.
Iteris (NASDAQ:ITI) last posted its earnings results on Wednesday, February 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $24.18 million. Iteris had a negative return on equity of 9.92% and a negative net margin of 7.93%. On average, sell-side analysts anticipate that Iteris Inc will post -0.17 earnings per share for the current fiscal year.
In other Iteris news, insider Neil S. Subin sold 2,551,273 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $4.25, for a total transaction of $10,842,910.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.20% of the company’s stock.
Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.
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