Itron Inc. (NASDAQ:ITRI) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
A number of hedge funds and institutional investors have bought and sold shares of ITRI. Bank of Montreal Can acquired a new position in Itron during the second quarter worth approximately $272,000. Eagle Boston Investment Management Inc. boosted its position in Itron by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 193,625 shares of the company’s stock worth $8,345,000 after buying an additional 5,010 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Itron during the second quarter worth approximately $599,000. Foundry Partners LLC acquired a new position in Itron during the second quarter worth approximately $7,457,000. Finally, Capstone Asset Management Co. boosted its position in Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock worth $499,000 after buying an additional 250 shares in the last quarter.
In related news, Chairman Jon E. Eliassen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $45.00, for a total value of $90,000.00. Following the transaction, the chairman now directly owns 17,492 shares of the company’s stock, valued at approximately $787,140. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Itron (NASDAQ:ITRI) traded up 0.02% on Monday, reaching $42.89. 193,480 shares of the company’s stock were exchanged. Itron has a one year low of $27.93 and a one year high of $45.71. The company has a 50 day moving average price of $43.35 and a 200 day moving average price of $40.34. The firm has a market cap of $1.64 billion and a PE ratio of 129.97.
Itron, Inc (Itron) is a technology and service company, offering metering solutions to electric, natural gas, and water utilities around the world. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates in three segments: Electricity, which is the is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems; Gas, which is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems, and Water, which is the supplier of standard and advanced water meters and communication modules.
