Goldman Sachs Group Inc. Has $934,000 Position in EXFO Inc (EXFO)
Goldman Sachs Group Inc. held its stake in shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) during the first quarter, Holdings Channel reports. The fund owned 179,674 shares of the communications equipment provider’s stock at the end of the first quarter. Goldman Sachs Group Inc.’s holdings in EXFO were worth $934,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its stake in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after buying an additional 32,100 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock valued at $451,000 after buying an additional 79,100 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of EXFO by 11.8% in the first quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after buying an additional 162,510 shares in the last quarter. Finally, TD Asset Management Inc. bought a new stake in shares of EXFO during the first quarter valued at $1,105,000. 16.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EXFO Inc (NASDAQ:EXFO) traded up 1.20% on Monday, hitting $4.20. The stock had a trading volume of 2,035 shares. EXFO Inc has a 52 week low of $3.14 and a 52 week high of $6.15. The firm has a 50 day moving average price of $4.43 and a 200-day moving average price of $4.98. The company has a market cap of $229.76 million, a price-to-earnings ratio of 105.00 and a beta of 0.55.
EXFO (NASDAQ:EXFO) (TSE:EXF) last posted its quarterly earnings data on Thursday, June 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $58.50 million during the quarter, compared to analyst estimates of $61.61 million. EXFO had a return on equity of 2.76% and a net margin of 0.93%. EXFO’s quarterly revenue was down 3.8% compared to the same quarter last year.
Several brokerages have weighed in on EXFO. BMO Capital Markets set a $6.00 target price on EXFO and gave the stock a “hold” rating in a research report on Saturday, July 1st. Northland Securities set a $6.00 target price on EXFO and gave the stock a “buy” rating in a research report on Saturday, July 1st. TheStreet lowered EXFO from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Zacks Investment Research lowered EXFO from a “hold” rating to a “strong sell” rating in a research report on Monday, July 3rd. Finally, National Bank Financial reaffirmed a “sector perform” rating and issued a $5.50 target price on shares of EXFO in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.63.
EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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