Highbridge Capital Management LLC Cuts Stake in Maxwell Technologies, Inc. (NASDAQ:MXWL)
Highbridge Capital Management LLC decreased its position in shares of Maxwell Technologies, Inc. (NASDAQ:MXWL) by 22.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,814 shares of the electronics maker’s stock after selling 9,122 shares during the period. Highbridge Capital Management LLC owned 0.10% of Maxwell Technologies worth $179,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. American International Group Inc. increased its stake in Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock worth $113,000 after buying an additional 1,277 shares during the last quarter. Two Sigma Investments LP acquired a new position in Maxwell Technologies during the fourth quarter worth approximately $167,000. Russell Investments Group Ltd. acquired a new position in Maxwell Technologies during the fourth quarter worth approximately $440,000. KBC Group NV increased its position in Maxwell Technologies by 56.4% in the first quarter. KBC Group NV now owns 81,951 shares of the electronics maker’s stock worth $476,000 after buying an additional 29,541 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Maxwell Technologies by 139.0% in the first quarter. Parametric Portfolio Associates LLC now owns 95,195 shares of the electronics maker’s stock worth $553,000 after buying an additional 55,359 shares in the last quarter. Institutional investors own 46.30% of the company’s stock.
Shares of Maxwell Technologies, Inc. (NASDAQ MXWL) traded up 3.69% during trading on Tuesday, reaching $5.90. The company had a trading volume of 757,427 shares. The firm’s market capitalization is $189.96 million. The company has a 50 day moving average of $5.85 and a 200-day moving average of $5.59. Maxwell Technologies, Inc. has a 52-week low of $4.39 and a 52-week high of $6.48.
Maxwell Technologies (NASDAQ:MXWL) last released its earnings results on Monday, August 7th. The electronics maker reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.06. Maxwell Technologies had a negative return on equity of 27.94% and a negative net margin of 24.18%. The firm had revenue of $37.10 million for the quarter, compared to analyst estimates of $33.99 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Maxwell Technologies, Inc. will post ($0.67) earnings per share for the current year.
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MXWL has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Cowen and Company reissued a “neutral” rating and set a $6.00 price target (down previously from $7.00) on shares of Maxwell Technologies in a report on Friday, April 14th. Canaccord Genuity reissued a “hold” rating and set a $7.00 price target on shares of Maxwell Technologies in a report on Tuesday. Roth Capital reissued a “neutral” rating and set a $6.00 price target on shares of Maxwell Technologies in a report on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Maxwell Technologies in a research note on Tuesday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Maxwell Technologies currently has a consensus rating of “Hold” and a consensus target price of $6.33.
In other Maxwell Technologies news, Director Jorg Buchheim purchased 60,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were bought at an average price of $5.78 per share, with a total value of $346,800.00. Following the completion of the transaction, the director now directly owns 75,653 shares in the company, valued at approximately $437,274.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.54% of the company’s stock.
Maxwell Technologies Company Profile
Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.
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