CalAmp Corp. (CAMP) Shares Sold by AHL Partners LLP
AHL Partners LLP trimmed its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 59.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,240 shares of the Wireless communications provider’s stock after selling 26,658 shares during the period. AHL Partners LLP owned approximately 0.05% of CalAmp Corp. worth $371,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of CalAmp Corp. by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 2,659 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of CalAmp Corp. by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 341 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of CalAmp Corp. by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after buying an additional 3,021 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of CalAmp Corp. during the 1st quarter worth $171,000. Finally, Karp Capital Management Corp acquired a new stake in shares of CalAmp Corp. during the 1st quarter worth $176,000. Institutional investors and hedge funds own 72.45% of the company’s stock.
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A number of analysts have recently commented on CAMP shares. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a report on Saturday, July 1st. Craig Hallum increased their price target on CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, June 28th. Northland Securities reiterated a “buy” rating and issued a $20.00 price target on shares of CalAmp Corp. in a report on Monday, June 26th. Finally, Zacks Investment Research upgraded CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. CalAmp Corp. has a consensus rating of “Hold” and a consensus price target of $23.75.
In related news, CEO Michael J. Burdiek sold 9,000 shares of CalAmp Corp. stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $23.99, for a total value of $215,910.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of CalAmp Corp. stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total transaction of $234,910.37. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.
Shares of CalAmp Corp. (CAMP) opened at 22.83 on Friday. The company has a 50-day moving average price of $21.37 and a 200 day moving average price of $19.34. The firm has a market capitalization of $812.77 million, a P/E ratio of 211.39 and a beta of 1.60. CalAmp Corp. has a one year low of $12.13 and a one year high of $24.69.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.72 million. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. CalAmp Corp.’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Analysts expect that CalAmp Corp. will post $1.17 earnings per share for the current fiscal year.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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