Schwab Charles Investment Management Inc. Takes $257,000 Position in Iteris Inc (ITI)
Schwab Charles Investment Management Inc. acquired a new stake in shares of Iteris Inc (NYSE:ITI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,300 shares of the company’s stock, valued at approximately $257,000. Schwab Charles Investment Management Inc. owned about 0.13% of Iteris at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Spark Investment Management LLC raised its stake in shares of Iteris by 191.3% during the second quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock valued at $186,000 after acquiring an additional 19,700 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Iteris during the second quarter valued at about $205,000. CAPROCK Group Inc. bought a new position in shares of Iteris during the second quarter valued at about $227,000. Strs Ohio bought a new position in shares of Iteris during the second quarter valued at about $396,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Iteris during the second quarter valued at about $724,000.
Iteris Inc (NYSE ITI) opened at $5.83 on Friday. Iteris Inc has a one year low of $3.20 and a one year high of $8.17.
Several brokerages have recently commented on ITI. Zacks Investment Research downgraded shares of Iteris from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. B. Riley reaffirmed a “buy” rating and set a $9.00 price objective on shares of Iteris in a research note on Monday, August 14th. Dougherty & Co began coverage on shares of Iteris in a research note on Tuesday, July 18th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Northland Securities set a $8.00 price target on shares of Iteris and gave the stock a “buy” rating in a research note on Friday, August 4th.
In other Iteris news, Director Global Investors Fundamental sold 110,912 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $6.12, for a total transaction of $678,781.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd Kreter sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $6.19, for a total transaction of $247,600.00. Following the transaction, the insider now directly owns 43,303 shares of the company’s stock, valued at approximately $268,045.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 481,051 shares of company stock valued at $2,990,259.
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Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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