Goldman Sachs Group Inc. Decreases Position in EXFO Inc (EXFO)
Goldman Sachs Group Inc. cut its stake in EXFO Inc (NASDAQ:EXFO) (TSE:EXF) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,397 shares of the communications equipment provider’s stock after selling 5,277 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.32% of EXFO worth $820,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in EXFO by 11.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,537,890 shares of the communications equipment provider’s stock valued at $7,997,000 after buying an additional 162,510 shares in the last quarter. TD Asset Management Inc. lifted its stake in EXFO by 11.1% in the 2nd quarter. TD Asset Management Inc. now owns 234,700 shares of the communications equipment provider’s stock valued at $1,093,000 after buying an additional 23,500 shares in the last quarter. Finally, White Pine Capital LLC lifted its stake in EXFO by 28.4% in the 2nd quarter. White Pine Capital LLC now owns 177,125 shares of the communications equipment provider’s stock valued at $832,000 after buying an additional 39,175 shares in the last quarter. 16.98% of the stock is currently owned by hedge funds and other institutional investors.
EXFO Inc (EXFO) opened at $4.25 on Wednesday. EXFO Inc has a 12 month low of $3.72 and a 12 month high of $6.15. The firm has a market cap of $233.86, a P/E ratio of 22.50 and a beta of 0.43.
A number of brokerages recently weighed in on EXFO. BMO Capital Markets set a $6.00 price target on shares of EXFO and gave the company a “hold” rating in a research note on Friday, October 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a $4.75 price target on shares of EXFO in a research note on Sunday, October 15th. Zacks Investment Research raised shares of EXFO from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. National Bank Financial decreased their price target on shares of EXFO from $5.50 to $4.75 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. Finally, Northland Securities set a $6.00 price target on shares of EXFO and gave the company a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.35.
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EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.
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