Wedge Capital Management L L P NC Has $909,000 Stake in Lionbridge Technologies Inc. (LIOX)
Wedge Capital Management L L P NC raised its stake in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,100 shares of the company’s stock after buying an additional 24,800 shares during the period. Wedge Capital Management L L P NC’s holdings in Lionbridge Technologies were worth $909,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of LIOX. Metropolitan Life Insurance Co. NY increased its stake in Lionbridge Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,967 shares of the company’s stock valued at $238,000 after buying an additional 294 shares in the last quarter. Springbok Capital Management LLC increased its stake in Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock valued at $168,000 after buying an additional 6,525 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Lionbridge Technologies by 2.6% in the first quarter. Kennedy Capital Management Inc. now owns 1,647,864 shares of the company’s stock valued at $8,338,000 after buying an additional 41,748 shares in the last quarter. 68.70% of the stock is owned by institutional investors and hedge funds.
Shares of Lionbridge Technologies Inc. (NASDAQ:LIOX) traded up 1.08% during trading on Tuesday, hitting $4.66. 49,395 shares of the stock traded hands. Lionbridge Technologies Inc. has a 12 month low of $3.90 and a 12 month high of $6.26. The firm’s 50-day moving average price is $4.86 and its 200-day moving average price is $4.61. The stock has a market cap of $272.68 million, a PE ratio of 28.94 and a beta of 1.34.
Lionbridge Technologies (NASDAQ:LIOX) last posted its earnings results on Thursday, August 4th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The company had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $146.35 million. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 27.44%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. Analysts anticipate that Lionbridge Technologies Inc. will post $0.56 EPS for the current year.
Several research firms have weighed in on LIOX. B. Riley reissued a “buy” rating and issued a $6.00 price target on shares of Lionbridge Technologies in a research note on Tuesday, August 9th. Zacks Investment Research downgraded shares of Lionbridge Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th.
Lionbridge Technologies Company Profile
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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