Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Invests $1.75 Million in MiX Telematics Limited (NYSE:MIXT)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new position in MiX Telematics Limited (NYSE:MIXT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 203,574 shares of the technology company’s stock, valued at approximately $1,753,000. MiX Telematics makes up 0.1% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of MIXT. Hsbc Holdings PLC bought a new stake in shares of MiX Telematics during the 4th quarter worth about $1,757,000. FNY Investment Advisers LLC bought a new stake in MiX Telematics during the 4th quarter valued at approximately $43,000. Kopion Asset Management LLC boosted its stake in MiX Telematics by 5.6% during the 4th quarter. Kopion Asset Management LLC now owns 1,025,321 shares of the technology company’s stock valued at $8,828,000 after purchasing an additional 53,963 shares during the period. Cannell Capital LLC bought a new stake in MiX Telematics during the 4th quarter valued at approximately $7,718,000. Finally, Penn Mutual Asset Management LLC boosted its stake in MiX Telematics by 9.2% during the 3rd quarter. Penn Mutual Asset Management LLC now owns 535,219 shares of the technology company’s stock valued at $2,954,000 after purchasing an additional 45,000 shares during the period. 45.72% of the stock is owned by institutional investors and hedge funds.

MiX Telematics Price Performance

NYSE MIXT remained flat at $14.55 during trading hours on Friday. The stock has a market capitalization of $353.75 million, a price-to-earnings ratio of 58.20 and a beta of 1.15. MiX Telematics Limited has a one year low of $4.75 and a one year high of $14.85. The company’s 50 day moving average is $14.55 and its two-hundred day moving average is $11.26.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MIXT shares. Raymond James upped their price target on MiX Telematics from $8.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. StockNews.com assumed coverage on MiX Telematics in a report on Thursday. They issued a “buy” rating for the company.

MiX Telematics Company Profile

MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data.