9,375 Shares in Frequency Electronics, Inc. $FEIM Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in Frequency Electronics, Inc. (NASDAQ:FEIM) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 9,375 shares of the communications equipment provider’s stock, valued at approximately $792,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Frequency Electronics during the second quarter worth $34,273,000. Prescott Group Capital Management L.L.C. bought a new stake in Frequency Electronics in the third quarter valued at about $9,002,000. Sei Investments Co. lifted its stake in Frequency Electronics by 93.1% in the first quarter. Sei Investments Co. now owns 91,706 shares of the communications equipment provider’s stock valued at $4,059,000 after buying an additional 44,218 shares during the period. Raiffeisen Bank International AG lifted its stake in Frequency Electronics by 350.0% in the second quarter. Raiffeisen Bank International AG now owns 54,000 shares of the communications equipment provider’s stock valued at $3,336,000 after buying an additional 42,000 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Frequency Electronics in the second quarter valued at about $2,155,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings cut Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Freedom Broker lowered shares of Frequency Electronics from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $77.00 to $91.00 in a research note on Monday, September 14th. Finally, Wall Street Zen lowered shares of Frequency Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Frequency Electronics Stock Up 3.7%

NASDAQ:FEIM opened at $68.23 on Thursday. Frequency Electronics, Inc. has a twelve month low of $26.05 and a twelve month high of $89.76. The firm has a market capitalization of $768.95 million, a price-to-earnings ratio of 263.24 and a beta of 0.75. The stock’s 50 day moving average price is $73.41 and its two-hundred day moving average price is $62.80.

Frequency Electronics (NASDAQ:FEIM) last issued its earnings results on Thursday, September 10th. The communications equipment provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. The company had revenue of $23.45 million for the quarter, compared to analysts’ expectations of $17.85 million. Frequency Electronics had a net margin of 3.68% and a return on equity of 3.63%.

About Frequency Electronics

Frequency Electronics, Inc. designs and manufactures precision time and frequency control products and systems. Its offerings include atomic clocks, frequency standards, oscillators, synthesizers and integrated timing solutions used to generate and distribute highly accurate timing signals. The company serves aerospace, defense, satellite communications and other commercial markets. Its products support applications such as satellite payloads and ground systems, secure communications, navigation and telecommunications networks, where precise and stable timing is important.