Kornitzer Capital Management Inc. KS Has $2,195,000 Stake in Exa Corp. (EXA)
Kornitzer Capital Management Inc. KS held its stake in Exa Corp. (NASDAQ:EXA) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 151,886 shares of the company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Exa Corp. were worth $2,195,000 at the end of the most recent quarter.
Separately, Jacobs Levy Equity Management Inc. boosted its stake in Exa Corp. by 21.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 20,083 shares of the company’s stock valued at $260,000 after buying an additional 3,600 shares during the period. Institutional investors and hedge funds own 76.02% of the company’s stock.
Shares of Exa Corp. (NASDAQ:EXA) traded down 0.14% during trading on Wednesday, reaching $14.11. 21,043 shares of the company were exchanged. Exa Corp. has a 1-year low of $9.05 and a 1-year high of $16.74. The stock’s 50 day moving average is $15.56 and its 200 day moving average is $14.08. The company’s market capitalization is $209.11 million.
Exa Corp. (NASDAQ:EXA) last posted its quarterly earnings results on Monday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The business earned $17.10 million during the quarter. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Equities analysts anticipate that Exa Corp. will post ($0.07) earnings per share for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, September 1st. Canaccord Genuity lifted their target price on shares of Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Finally, Needham & Company LLC lifted their target price on shares of Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 30th.
In related news, major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the sale, the insider now owns 905,640 shares of the company’s stock, valued at $13,331,020.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Wayne D. Mackie purchased 10,565 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $157,524.15. Following the purchase, the director now owns 69,723 shares of the company’s stock, valued at $1,039,569.93. The disclosure for this purchase can be found here. 9.89% of the stock is currently owned by company insiders.
Exa Corp. Company Profile
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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