Credit Suisse AG boosted its position in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 170.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,539 shares of the industrial products company’s stock after buying an additional 347,265 shares during the period. Credit Suisse AG owned approximately 0.91% of Hollysys Automation Technologies worth $9,321,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HOLI. Citadel Advisors LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth approximately $179,000. Financial Counselors Inc. raised its position in shares of Hollysys Automation Technologies by 3.5% in the first quarter. Financial Counselors Inc. now owns 10,959 shares of the industrial products company’s stock worth $186,000 after buying an additional 368 shares in the last quarter. HPM Partners LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth approximately $230,000. Edinburgh Partners Ltd raised its position in shares of Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $254,000 after buying an additional 2,600 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth approximately $255,000. 68.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hollysys Automation Technologies, Ltd. (NASDAQ HOLI) opened at 17.10 on Friday. Hollysys Automation Technologies, Ltd. has a 12-month low of $15.08 and a 12-month high of $23.55. The stock’s 50 day moving average price is $16.57 and its 200 day moving average price is $17.11. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.82 and a beta of 1.50.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. Hollysys Automation Technologies had a net margin of 18.27% and a return on equity of 11.65%. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $99.35 million. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts expect that Hollysys Automation Technologies, Ltd. will post $1.40 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Credit Suisse AG Raises Position in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/07/16/credit-suisse-ag-raises-position-in-hollysys-automation-technologies-ltd-nasdaqholi.html.

HOLI has been the topic of a number of research reports. ValuEngine lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Hollysys Automation Technologies has an average rating of “Hold” and an average price target of $19.85.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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

Receive News & Stock Ratings for Hollysys Automation Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies Ltd. and related stocks with our FREE daily email newsletter.