HBK Investments L P Buys Shares of 152,500 Innio N.V. $INIO

HBK Investments L P bought a new stake in shares of Innio N.V. (NASDAQ:INIO) during the second quarter, HoldingsChannel.com reports. The fund bought 152,500 shares of the company’s stock, valued at approximately $6,031,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Junto Capital Management LP purchased a new position in Innio during the 2nd quarter valued at $26,193,000. Dragoneer Investment Group LLC bought a new position in Innio in the 2nd quarter valued at $112,718,000. WINTON GROUP Ltd purchased a new stake in Innio in the second quarter worth $2,990,000. Squarepoint Ops LLC bought a new stake in shares of Innio during the second quarter worth $13,842,000. Finally, Readystate Asset Management LP bought a new stake in shares of Innio during the second quarter worth $3,975,000.

Innio Trading Up 5.2%

Shares of INIO stock traded up $0.92 during mid-day trading on Wednesday, hitting $18.71. The stock had a trading volume of 6,996,088 shares, compared to its average volume of 4,540,833. Innio N.V. has a 12-month low of $17.45 and a 12-month high of $42.95. The stock has a 50-day moving average of $25.15.

Innio (NASDAQ:INIO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $937.70 million for the quarter. Research analysts predict that Innio N.V. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on INIO. Royal Bank Of Canada upgraded shares of Innio from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from $39.00 to $35.00 in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Innio to a “hold” rating in a report on Saturday, June 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Innio in a research report on Monday, June 29th. They issued a “hold” rating and a $41.00 price objective for the company. Weiss Ratings assumed coverage on shares of Innio in a research note on Monday, August 31st. They issued a “sell (d)” rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.90.

Innio Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.