Natixis Increases Stock Position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Natixis increased its position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 290.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,589 shares of the industrial products company’s stock after acquiring an additional 47,284 shares during the period. Natixis owned about 0.10% of Hollysys Automation Technologies worth $1,627,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Crystalline Management Inc. grew its position in Hollysys Automation Technologies by 375.0% in the 4th quarter. Crystalline Management Inc. now owns 95,000 shares of the industrial products company’s stock worth $2,503,000 after purchasing an additional 75,000 shares during the period. Kellner Capital LLC bought a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $1,582,000. Hsbc Holdings PLC bought a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $9,704,000. EHP Funds Inc. bought a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $1,581,000. Finally, Goldman Sachs Group Inc. grew its position in Hollysys Automation Technologies by 392.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock worth $29,568,000 after purchasing an additional 894,022 shares during the period. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Stock Performance

Shares of HOLI stock traded up $0.01 during mid-day trading on Thursday, reaching $26.42. 3,280,577 shares of the company’s stock traded hands, compared to its average volume of 642,661. Hollysys Automation Technologies Ltd. has a 12 month low of $16.25 and a 12 month high of $27.25. The firm has a 50 day moving average price of $23.15 and a two-hundred day moving average price of $24.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.02. The firm has a market capitalization of $1.64 billion, a PE ratio of 21.83 and a beta of 0.46.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%. The firm had revenue of $173.47 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Hollysys Automation Technologies in a research report on Sunday. They set a “buy” rating for the company.

Hollysys Automation Technologies Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.