Trexquant Investment LP Acquires Shares of 112,688 Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Trexquant Investment LP acquired a new stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 112,688 shares of the industrial products company’s stock, valued at approximately $2,969,000. Trexquant Investment LP owned approximately 0.18% of Hollysys Automation Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in Hollysys Automation Technologies by 2.0% during the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 434 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Hollysys Automation Technologies by 665.2% in the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 918 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Hollysys Automation Technologies by 2.9% in the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock valued at $2,161,000 after acquiring an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Hollysys Automation Technologies during the fourth quarter worth about $190,000. Finally, Lester Murray Antman dba SimplyRich acquired a new stake in Hollysys Automation Technologies during the fourth quarter worth about $259,000. Institutional investors and hedge funds own 78.67% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Hollysys Automation Technologies in a report on Saturday, May 18th. They set a “buy” rating for the company.

Hollysys Automation Technologies Price Performance

HOLI traded up $0.17 during midday trading on Friday, hitting $22.22. The stock had a trading volume of 179,953 shares, compared to its average volume of 347,416. The company has a market cap of $1.38 billion, a P/E ratio of 18.36 and a beta of 0.55. The business has a fifty day moving average of $24.44 and a 200 day moving average of $24.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 3.02. Hollysys Automation Technologies Ltd. has a 1 year low of $15.60 and a 1 year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. Hollysys Automation Technologies had a return on equity of 6.39% and a net margin of 9.52%. The company had revenue of $223.72 million during the quarter.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.