Great West Life Assurance Co. Can boosted its stake in shares of Harmonic Inc (NASDAQ:HLIT) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,494 shares of the communications equipment provider’s stock after acquiring an additional 15,783 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of Harmonic worth $482,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of Harmonic in the fourth quarter worth $336,000. Texas Permanent School Fund increased its stake in shares of Harmonic by 4.8% in the fourth quarter. Texas Permanent School Fund now owns 56,734 shares of the communications equipment provider’s stock worth $268,000 after acquiring an additional 2,603 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Harmonic by 7.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,020,048 shares of the communications equipment provider’s stock worth $4,815,000 after purchasing an additional 68,150 shares in the last quarter. BlackRock Inc. boosted its holdings in Harmonic by 2.4% in the fourth quarter. BlackRock Inc. now owns 12,518,886 shares of the communications equipment provider’s stock worth $59,090,000 after purchasing an additional 291,645 shares in the last quarter. Finally, Marathon Capital Management boosted its holdings in Harmonic by 37.9% in the fourth quarter. Marathon Capital Management now owns 278,550 shares of the communications equipment provider’s stock worth $1,314,000 after purchasing an additional 76,550 shares in the last quarter. Institutional investors own 85.14% of the company’s stock.
NASDAQ HLIT opened at $5.64 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.44 and a quick ratio of 1.25. The company has a market cap of $500.15 million, a PE ratio of 188.00 and a beta of 0.88. Harmonic Inc has a 1-year low of $3.35 and a 1-year high of $6.32.
HLIT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Harmonic from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Wednesday, April 17th. BidaskClub lowered shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC initiated coverage on shares of Harmonic in a research report on Wednesday, February 13th. They issued a “buy” rating and a $7.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on shares of Harmonic in a report on Wednesday, February 20th. They set a “buy” rating and a $7.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.10.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/27/harmonic-inc-hlit-shares-bought-by-great-west-life-assurance-co-can.html.
Harmonic Inc designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.
Featured Story: What does a bar chart display?
Receive News & Ratings for Harmonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmonic and related companies with MarketBeat.com's FREE daily email newsletter.