Pointer Telocation Ltd. (NASDAQ:PNTR) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Monday.

Other equities research analysts have also issued research reports about the company. Roth Capital initiated coverage on Pointer Telocation in a research report on Friday, July 7th. They issued a “buy” rating and a $16.00 price target on the stock. ValuEngine lowered Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research report on Monday. B. Riley reaffirmed a “buy” rating and issued a $19.25 price target on shares of Pointer Telocation in a research report on Wednesday, August 23rd. HC Wainwright set a $18.00 price target on Pointer Telocation and gave the company a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research raised Pointer Telocation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Pointer Telocation presently has a consensus rating of “Buy” and a consensus price target of $17.06.

Pointer Telocation (NASDAQ PNTR) traded up 0.1782% during mid-day trading on Monday, hitting $16.9802. The stock had a trading volume of 30,341 shares. Pointer Telocation has a one year low of $6.78 and a one year high of $17.71. The firm’s 50-day moving average price is $15.54 and its 200 day moving average price is $12.04. The company has a market cap of $135.47 million, a PE ratio of 28.5862 and a beta of 0.70.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings results on Wednesday, August 16th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. The company had revenue of $20.04 million for the quarter, compared to analyst estimates of $18.23 million. Pointer Telocation had a return on equity of 17.02% and a net margin of 6.56%. On average, equities research analysts anticipate that Pointer Telocation will post $0.86 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Pointer Telocation by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 23,800 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Pointer Telocation by 1.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 49,885 shares of the communications equipment provider’s stock worth $579,000 after acquiring an additional 514 shares in the last quarter. Senvest Management LLC acquired a new stake in shares of Pointer Telocation during the 2nd quarter worth about $293,000. Eagle Global Advisors LLC raised its position in shares of Pointer Telocation by 28.1% during the 2nd quarter. Eagle Global Advisors LLC now owns 23,055 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 5,055 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Pointer Telocation by 70.1% during the 2nd quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after acquiring an additional 5,327 shares in the last quarter. 7.86% of the stock is currently owned by institutional investors and hedge funds.

About Pointer Telocation

Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.

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