Goldman Sachs Group Inc. raised its stake in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 307.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,851 shares of the industrial products company’s stock after buying an additional 51,962 shares during the period. Goldman Sachs Group Inc.’s holdings in Hollysys Automation Technologies were worth $1,166,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Financial Counselors Inc. raised its position in Hollysys Automation Technologies by 3.5% in the first quarter. Financial Counselors Inc. now owns 10,959 shares of the industrial products company’s stock valued at $186,000 after buying an additional 368 shares during the period. Parametric Portfolio Associates LLC raised its position in Hollysys Automation Technologies by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 34,169 shares of the industrial products company’s stock valued at $578,000 after buying an additional 1,362 shares during the period. Ameriprise Financial Inc. raised its position in Hollysys Automation Technologies by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 35,029 shares of the industrial products company’s stock valued at $593,000 after buying an additional 1,657 shares during the period. Edinburgh Partners Ltd raised its position in Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock valued at $254,000 after buying an additional 2,600 shares during the period. Finally, M&T Bank Corp raised its position in Hollysys Automation Technologies by 13.0% in the first quarter. M&T Bank Corp now owns 53,430 shares of the industrial products company’s stock valued at $905,000 after buying an additional 6,130 shares during the period. 70.39% of the stock is owned by institutional investors and hedge funds.

Hollysys Automation Technologies, Ltd. (NASDAQ HOLI) traded down 0.74% on Friday, reaching $18.88. 128,232 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $17.66 and a 200-day moving average of $16.98. Hollysys Automation Technologies, Ltd. has a 12 month low of $15.08 and a 12 month high of $23.55. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.15 and a beta of 1.53.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $99.35 million. Hollysys Automation Technologies had a net margin of 18.27% and a return on equity of 11.65%. Hollysys Automation Technologies’s quarterly revenue was down 23.1% on a year-over-year basis. On average, equities analysts expect that Hollysys Automation Technologies, Ltd. will post $1.38 earnings per share for the current year.

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Several research analysts have recently commented on the stock. BidaskClub raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.85.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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