Harmonic Inc (HLIT) Stake Maintained by Public Sector Pension Investment Board

Public Sector Pension Investment Board maintained its stake in Harmonic Inc (NASDAQ:HLIT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,600 shares of the communications equipment provider’s stock at the end of the fourth quarter. Public Sector Pension Investment Board owned about 0.07% of Harmonic worth $268,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Harmonic by 0.5% in the third quarter. Arizona State Retirement System now owns 40,318 shares of the communications equipment provider’s stock worth $239,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Harmonic by 0.9% in the third quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the communications equipment provider’s stock worth $205,000 after buying an additional 300 shares during the period. Texas Permanent School Fund increased its stake in shares of Harmonic by 0.5% in the third quarter. Texas Permanent School Fund now owns 59,443 shares of the communications equipment provider’s stock worth $352,000 after buying an additional 320 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Harmonic by 2.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,170 shares of the communications equipment provider’s stock worth $102,000 after buying an additional 450 shares during the period. Finally, Comerica Bank increased its stake in shares of Harmonic by 5.6% in the fourth quarter. Comerica Bank now owns 83,322 shares of the communications equipment provider’s stock worth $442,000 after buying an additional 4,449 shares during the period. Institutional investors own 96.88% of the company’s stock.

Institutional Ownership by Quarter for Harmonic (NASDAQ:HLIT)

Shares of Harmonic Inc (NASDAQ:HLIT) traded down 0.88% during midday trading on Friday, hitting $5.65. The stock had a trading volume of 468,792 shares. The firm’s 50 day moving average price is $5.75 and its 200 day moving average price is $5.34. The firm’s market cap is $450.72 million. Harmonic Inc has a 52-week low of $2.51 and a 52-week high of $6.18.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Tuesday, February 28th. The communications equipment provider reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company earned $113.10 million during the quarter, compared to analyst estimates of $108.10 million. Harmonic had a negative net margin of 18.23% and a negative return on equity of 6.80%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. On average, equities research analysts expect that Harmonic Inc will post $0.21 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BBNS and is owned by of BBNS. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://baseballnewssource.com/markets/harmonic-inc-hlit-stake-held-by-public-sector-pension-investment-board-updated-updated/525793.html.

A number of equities research analysts have issued reports on the company. Drexel Hamilton downgraded Harmonic from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Zacks Investment Research downgraded Harmonic from a “hold” rating to a “sell” rating in a research report on Tuesday, March 7th. Finally, Jefferies Group LLC increased their price target on Harmonic from $4.00 to $4.75 and gave the stock a “hold” rating in a report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.63.

In other news, insider Neven Haltmayer sold 28,000 shares of Harmonic stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $5.91, for a total value of $165,480.00. Following the completion of the transaction, the insider now directly owns 48,964 shares of the company’s stock, valued at approximately $289,377.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Harold L. Covert sold 136,709 shares of Harmonic stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $5.72, for a total transaction of $781,975.48. Following the completion of the transaction, the chief financial officer now directly owns 133,979 shares of the company’s stock, valued at $766,359.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,231 shares of company stock valued at $1,150,359. 4.27% of the stock is owned by company insiders.

Harmonic Company Profile

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers.

5 Day Chart for NASDAQ:HLIT

Receive News & Ratings for Harmonic Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmonic Inc and related companies with our FREE daily email newsletter.

 

Latest News

Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power


Leave a Reply

 
© 2006-2017 BBNS.