2,850,000 Shares in Innio N.V. $INIO Bought by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC bought a new stake in Innio N.V. (NASDAQ:INIO) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,850,000 shares of the company’s stock, valued at approximately $112,718,000. Innio makes up approximately 4.0% of Dragoneer Investment Group LLC’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP acquired a new stake in Innio in the second quarter valued at about $1,117,000. Troluce Capital Advisors LLC bought a new position in shares of Innio in the 2nd quarter valued at $1,483,000. WINTON GROUP Ltd bought a new position in shares of Innio in the 2nd quarter valued at $2,990,000. Readystate Asset Management LP acquired a new stake in shares of Innio during the 2nd quarter valued at $3,975,000. Finally, Squarepoint Ops LLC bought a new stake in Innio during the 2nd quarter worth $13,842,000.

Innio Price Performance

NASDAQ INIO opened at $20.78 on Thursday. The business has a fifty day moving average price of $26.54. Innio N.V. has a 1 year low of $19.04 and a 1 year high of $42.95.

Innio (NASDAQ:INIO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. Analysts forecast that Innio N.V. will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

INIO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Innio in a research report on Monday, June 29th. They issued a “hold” rating and a $41.00 price target for the company. JPMorgan Chase & Co. started coverage on Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $44.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $42.00 price target on the stock. Bank of America assumed coverage on Innio in a report on Monday, June 29th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Zacks Research raised Innio to a “hold” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.90.

Innio Company Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.