Oxford Asset Management LLP reduced its position in shares of Iteris Inc (NASDAQ:ITI) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,268 shares of the technology company’s stock after selling 60,251 shares during the period. Oxford Asset Management LLP owned approximately 0.34% of Iteris worth $685,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ITI. STA Wealth Management LLC purchased a new position in Iteris in the 4th quarter worth about $515,000. Renaissance Technologies LLC boosted its position in Iteris by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 909,200 shares of the technology company’s stock worth $4,537,000 after acquiring an additional 4,426 shares during the period. Citigroup Inc. boosted its position in Iteris by 107.7% during the 4th quarter. Citigroup Inc. now owns 8,046 shares of the technology company’s stock worth $40,000 after acquiring an additional 4,172 shares during the period. Barclays PLC boosted its position in Iteris by 99.1% during the 4th quarter. Barclays PLC now owns 40,144 shares of the technology company’s stock worth $200,000 after acquiring an additional 19,978 shares during the period. Finally, Essex Investment Management Co. LLC boosted its position in Iteris by 14.8% during the 4th quarter. Essex Investment Management Co. LLC now owns 186,684 shares of the technology company’s stock worth $932,000 after acquiring an additional 24,070 shares during the period. 49.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Iteris stock traded up $0.08 during trading on Thursday, hitting $3.29. 10,772 shares of the stock traded hands, compared to its average volume of 201,818. The stock has a market cap of $133.64 million, a P/E ratio of -15.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.95 and a current ratio of 2.09. Iteris Inc has a twelve month low of $2.08 and a twelve month high of $6.69. The company has a fifty day moving average price of $4.56 and a two-hundred day moving average price of $5.07.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Iteris from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. ValuEngine lowered Iteris from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, TheStreet lowered Iteris from a “c-” rating to a “d+” rating in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.17.
In other Iteris news, CFO Douglas L. Groves purchased 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $5.09 per share, with a total value of $50,900.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.15% of the stock is currently owned by insiders.
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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