Global Investors Fundamental Sells 269,293 Shares of Iteris Inc (ITI) Stock
Iteris Inc (NYSE:ITI) Director Global Investors Fundamental sold 269,293 shares of Iteris stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.31, for a total value of $1,699,238.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Iteris Inc (ITI) opened at 6.30 on Friday. Iteris Inc has a 12-month low of $3.20 and a 12-month high of $6.91. The firm’s 50-day moving average price is $6.22 and its 200 day moving average price is $5.78. The company’s market capitalization is $205.17 million.
Iteris (NYSE:ITI) last issued its quarterly earnings results on Monday, August 7th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Iteris had a negative return on equity of 5.53% and a negative net margin of 2.05%. The firm had revenue of $27.18 million during the quarter, compared to the consensus estimate of $26.31 million. On average, analysts expect that Iteris Inc will post ($0.07) earnings per share for the current year.
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Institutional investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new stake in Iteris during the 2nd quarter worth about $136,000. The Manufacturers Life Insurance Company acquired a new stake in Iteris during the 2nd quarter worth about $137,000. New York State Common Retirement Fund acquired a new stake in Iteris during the 2nd quarter worth about $156,000. Spark Investment Management LLC grew its holdings in Iteris by 191.3% during the 2nd quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock worth $186,000 after acquiring an additional 19,700 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Iteris during the 2nd quarter worth about $205,000.
Several research firms have weighed in on ITI. B. Riley reiterated a “buy” rating and set a $9.00 target price on shares of Iteris in a report on Wednesday, June 14th. Zacks Investment Research lowered Iteris from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Dougherty & Co began coverage on Iteris in a report on Tuesday, July 18th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Northland Securities set a $8.00 target price on Iteris and gave the stock a “buy” rating in a report on Tuesday, July 4th.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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