DTS Inc. (DTSI) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA reduced its stake in shares of DTS Inc. (NASDAQ:DTSI) by 50.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,645 shares of the company’s stock after selling 2,746 shares during the period. BNP Paribas Arbitrage SA’s holdings in DTS were worth $113,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC increased its position in shares of DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock valued at $4,149,000 after buying an additional 75,037 shares during the last quarter. Trigran Investments Inc. increased its position in shares of DTS by 2.5% in the second quarter. Trigran Investments Inc. now owns 1,867,441 shares of the company’s stock valued at $49,394,000 after buying an additional 46,351 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock valued at $11,207,000 after buying an additional 43,263 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of DTS by 8.5% in the first quarter. Renaissance Technologies LLC now owns 521,218 shares of the company’s stock valued at $11,352,000 after buying an additional 40,996 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of DTS during the second quarter valued at about $1,082,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
Shares of DTS Inc. (NASDAQ:DTSI) opened at 42.31 on Friday. The company’s 50 day moving average price is $38.44 and its 200-day moving average price is $28.94. DTS Inc. has a 52 week low of $19.62 and a 52 week high of $42.80. The firm’s market capitalization is $743.30 million.
DTS (NASDAQ:DTSI) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $44.61 million. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts expect that DTS Inc. will post $2.23 EPS for the current fiscal year.
Several equities analysts have issued reports on DTSI shares. William Blair downgraded DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Dougherty & Co lifted their target price on DTS from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Friday, August 12th. JPMorgan Chase & Co. set a $29.00 target price on DTS and gave the company a “hold” rating in a research note on Tuesday, August 9th. Finally, Barrington Research cut DTS from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. DTS has a consensus rating of “Hold” and a consensus price target of $38.25.
DTS Company Profile
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.
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