Goldman Sachs Group Inc. Purchases 20,461 Shares of Arotech Corporation (ARTX)
Goldman Sachs Group Inc. boosted its position in Arotech Corporation (NASDAQ:ARTX) by 73.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,311 shares of the aerospace company’s stock after buying an additional 20,461 shares during the period. Goldman Sachs Group Inc. owned approximately 0.19% of Arotech Corporation worth $143,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ARTX. Dimensional Fund Advisors LP boosted its stake in shares of Arotech Corporation by 50.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 818,338 shares of the aerospace company’s stock worth $2,864,000 after buying an additional 274,857 shares during the period. Acadian Asset Management LLC boosted its stake in Arotech Corporation by 225.1% in the first quarter. Acadian Asset Management LLC now owns 175,713 shares of the aerospace company’s stock worth $519,000 after buying an additional 121,669 shares during the period. Credit Agricole S A acquired a new stake in Arotech Corporation during the first quarter worth approximately $676,000. Finally, Cannell Capital LLC boosted its stake in Arotech Corporation by 18.2% in the first quarter. Cannell Capital LLC now owns 1,179,465 shares of the aerospace company’s stock worth $3,479,000 after buying an additional 181,902 shares during the period. 21.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Arotech Corporation (NASDAQ:ARTX) traded down 2.0087% during trading on Thursday, reaching $3.3807. The company had a trading volume of 68,343 shares. The firm’s 50 day moving average price is $3.58 and its 200 day moving average price is $3.45. Arotech Corporation has a 12 month low of $2.25 and a 12 month high of $5.00. The firm’s market capitalization is $88.63 million.
Arotech Corporation (NASDAQ:ARTX) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by $0.02. Arotech Corporation had a negative net margin of 3.09% and a positive return on equity of 3.20%. The company had revenue of $21.45 million for the quarter, compared to analysts’ expectations of $22.70 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Equities analysts predict that Arotech Corporation will post $0.18 EPS for the current year.
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A number of equities research analysts have commented on ARTX shares. B. Riley reiterated a “buy” rating and issued a $4.50 price target on shares of Arotech Corporation in a research note on Monday, May 15th. Zacks Investment Research raised Arotech Corporation from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Monday, May 29th.
Arotech Corporation Company Profile
Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division.
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