Los Angeles Capital Management & Equity Research Inc. Sells 4,425 Shares of AVX Corp. (AVX)
Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of AVX Corp. (NYSE:AVX) by 9.2% during the second quarter, Holdings Channel reports. The firm owned 43,531 shares of the company’s stock after selling 4,425 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in AVX Corp. were worth $591,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in AVX. Norges Bank bought a new stake in shares of AVX Corp. during the fourth quarter valued at $11,569,000. Sensato Investors LLC boosted its stake in shares of AVX Corp. by 37.0% in the first quarter. Sensato Investors LLC now owns 896,063 shares of the company’s stock valued at $11,264,000 after buying an additional 241,902 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of AVX Corp. by 882.7% in the second quarter. Foundry Partners LLC now owns 243,053 shares of the company’s stock valued at $3,301,000 after buying an additional 218,320 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of AVX Corp. by 74.4% in the second quarter. First Trust Advisors LP now owns 308,628 shares of the company’s stock valued at $4,191,000 after buying an additional 131,635 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of AVX Corp. during the second quarter valued at $1,644,000. 24.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of AVX Corp. (NYSE:AVX) traded up 1.17% during midday trading on Thursday, hitting $13.80. The stock had a trading volume of 76,613 shares. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 24.21 and a beta of 1.00. The stock’s 50 day moving average price is $13.62 and its 200 day moving average price is $13.26. AVX Corp. has a 12 month low of $10.43 and a 12 month high of $14.32.
AVX Corp. (NYSE:AVX) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $314.82 million for the quarter, compared to the consensus estimate of $310.80 million. AVX Corp. had a return on equity of 5.79% and a net margin of 9.69%. AVX Corp.’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. On average, equities analysts forecast that AVX Corp. will post $0.72 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on AVX shares. Zacks Investment Research upgraded AVX Corp. from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Citigroup Inc. upped their price target on AVX Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 28th.
AVX Corp. Company Profile
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists primarily of surface mount and leaded ceramic capacitors, radio frequency (RF) thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, among others.
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