Two Sigma Investments LP Takes $566,000 Position in Hollysys Automation Technologies Ltd (HOLI)
Two Sigma Investments LP acquired a new position in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,319 shares of the industrial products company’s stock, valued at approximately $566,000. Two Sigma Investments LP owned approximately 0.05% of Hollysys Automation Technologies as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Ramsey Quantitative Systems raised its stake in shares of Hollysys Automation Technologies by 53.7% during the 4th quarter. Ramsey Quantitative Systems now owns 7,317 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 2,555 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth approximately $166,000. First Trust Advisors LP raised its stake in shares of Hollysys Automation Technologies by 21.8% during the 4th quarter. First Trust Advisors LP now owns 18,269 shares of the industrial products company’s stock worth $320,000 after purchasing an additional 3,269 shares in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Hollysys Automation Technologies during the 3rd quarter worth approximately $409,000. Finally, Probity Advisors Inc. raised its stake in shares of Hollysys Automation Technologies by 49.3% during the 4th quarter. Probity Advisors Inc. now owns 23,745 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 7,844 shares in the last quarter. Institutional investors own 73.92% of the company’s stock.
Shares of Hollysys Automation Technologies stock opened at $17.97 on Wednesday. Hollysys Automation Technologies Ltd has a 12-month low of $16.00 and a 12-month high of $27.85. The company has a market cap of $1.38 billion, a PE ratio of 10.10 and a beta of 1.40.
A number of equities research analysts have recently issued reports on HOLI shares. BidaskClub upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Finally, JPMorgan Chase & Co. cut Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $26.00 to $23.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.
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About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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