Loomis Sayles & Co. L P Has $15.40 Million Position in Advanced Energy Industries, Inc. (AEIS)

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Loomis Sayles & Co. L P boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 15.1% in the third quarter, Holdings Channel reports. The firm owned 298,149 shares of the electronics maker’s stock after purchasing an additional 39,126 shares during the period. Loomis Sayles & Co. L P’s holdings in Advanced Energy Industries were worth $15,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers boosted its holdings in Advanced Energy Industries by 1.0% in the second quarter. Rhumbline Advisers now owns 99,035 shares of the electronics maker’s stock valued at $5,753,000 after purchasing an additional 938 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in Advanced Energy Industries by 20.5% during the second quarter. Meadow Creek Investment Management LLC now owns 5,600 shares of the electronics maker’s stock valued at $325,000 after buying an additional 952 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Advanced Energy Industries by 39.3% during the second quarter. NumerixS Investment Technologies Inc now owns 3,900 shares of the electronics maker’s stock valued at $226,000 after buying an additional 1,100 shares in the last quarter. Bank of Montreal Can raised its stake in Advanced Energy Industries by 8.1% during the third quarter. Bank of Montreal Can now owns 17,371 shares of the electronics maker’s stock valued at $898,000 after buying an additional 1,300 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Advanced Energy Industries by 27.9% during the second quarter. OppenheimerFunds Inc. now owns 7,717 shares of the electronics maker’s stock valued at $448,000 after buying an additional 1,683 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AEIS opened at $41.60 on Friday. Advanced Energy Industries, Inc. has a 52-week low of $40.43 and a 52-week high of $77.99. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.04 and a beta of 1.13.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, October 29th. The electronics maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $170.50 million. Advanced Energy Industries had a return on equity of 32.09% and a net margin of 13.18%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. Equities research analysts expect that Advanced Energy Industries, Inc. will post 4.19 EPS for the current fiscal year.

Several brokerages have issued reports on AEIS. Citigroup cut their price objective on Advanced Energy Industries from $68.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 25th. Zacks Investment Research cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. TheStreet cut Advanced Energy Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. BidaskClub cut Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Finally, Stifel Nicolaus set a $74.00 price objective on Advanced Energy Industries and gave the company a “hold” rating in a research note on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Advanced Energy Industries currently has a consensus rating of “Hold” and an average price target of $70.17.

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Advanced Energy Industries Company Profile

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

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Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

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

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