Freestone Capital Holdings LLC Grows Stake in Advanced Energy Industries, Inc. (AEIS)

Freestone Capital Holdings LLC grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 219,810 shares of the electronics maker’s stock after buying an additional 19,352 shares during the period. Freestone Capital Holdings LLC’s holdings in Advanced Energy Industries were worth $10,920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in Advanced Energy Industries by 351.6% during the first quarter. US Bancorp DE now owns 7,479 shares of the electronics maker’s stock worth $372,000 after purchasing an additional 5,823 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Advanced Energy Industries by 1.6% during the first quarter. New York State Common Retirement Fund now owns 313,644 shares of the electronics maker’s stock worth $15,582,000 after purchasing an additional 5,013 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Advanced Energy Industries by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,906 shares of the electronics maker’s stock worth $741,000 after purchasing an additional 269 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Advanced Energy Industries by 2.6% during the first quarter. Mason Street Advisors LLC now owns 12,269 shares of the electronics maker’s stock worth $610,000 after purchasing an additional 316 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Advanced Energy Industries by 57.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,334 shares of the electronics maker’s stock worth $712,000 after purchasing an additional 5,247 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

AEIS has been the subject of several recent analyst reports. Cowen restated an “outperform” rating and set a $60.00 target price (up from $58.00) on shares of Advanced Energy Industries in a research note on Thursday, May 16th. BidaskClub upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Susquehanna Bancshares upgraded Advanced Energy Industries from a “neutral” rating to a “positive” rating and increased their price target for the company from $45.00 to $82.00 in a research note on Wednesday, May 15th. Finally, TheStreet upgraded Advanced Energy Industries from a “c+” rating to a “b” rating in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.20.

Shares of AEIS opened at $50.93 on Thursday. Advanced Energy Industries, Inc. has a 52 week low of $38.74 and a 52 week high of $69.21. The firm has a market capitalization of $1.98 billion, a PE ratio of 12.16, a PEG ratio of 3.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, May 6th. The electronics maker reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.12. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The company had revenue of $140.74 million during the quarter, compared to analysts’ expectations of $143.63 million. During the same period in the prior year, the company earned $1.34 EPS. Advanced Energy Industries’s revenue was down 28.1% compared to the same quarter last year. As a group, analysts expect that Advanced Energy Industries, Inc. will post 1.71 EPS for the current year.

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About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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