BlueMountain Capital Management LLC Boosts Stake in Hollysys Automation Technologies Ltd (HOLI)

BlueMountain Capital Management LLC grew its stake in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 78.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,363 shares of the industrial products company’s stock after acquiring an additional 21,707 shares during the period. BlueMountain Capital Management LLC owned about 0.08% of Hollysys Automation Technologies worth $1,093,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Hollysys Automation Technologies by 1.0% during the 1st quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock valued at $69,290,000 after acquiring an additional 28,946 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Hollysys Automation Technologies by 1.4% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock valued at $36,913,000 after acquiring an additional 20,595 shares during the period. Wells Fargo & Company MN lifted its position in shares of Hollysys Automation Technologies by 65.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock valued at $30,038,000 after acquiring an additional 537,268 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Hollysys Automation Technologies by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock worth $27,058,000 after purchasing an additional 185,807 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of Hollysys Automation Technologies by 43.3% during the 1st quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock worth $28,190,000 after purchasing an additional 344,451 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.

Shares of HOLI opened at $20.45 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.01 and a quick ratio of 2.83. Hollysys Automation Technologies Ltd has a 1-year low of $16.00 and a 1-year high of $28.35. The company has a market cap of $1.20 billion, a PE ratio of 11.46 and a beta of 1.62.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. The business had revenue of $147.24 million for the quarter, compared to analysts’ expectations of $141.59 million. During the same period last year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. sell-side analysts expect that Hollysys Automation Technologies Ltd will post 2.12 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on HOLI. BidaskClub cut shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 30th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, June 16th. ValuEngine cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, JPMorgan Chase & Co. cut shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.67.

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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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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