Bouvel Investment Partners LLC Increases Position in Iteris, Inc. (NASDAQ:ITI)

Bouvel Investment Partners LLC increased its stake in shares of Iteris, Inc. (NASDAQ:ITI) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,740 shares of the technology company’s stock after buying an additional 6,850 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Iteris were worth $1,491,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bfsg LLC acquired a new position in shares of Iteris in the fourth quarter worth about $50,000. SG Americas Securities LLC raised its position in shares of Iteris by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company’s stock worth $96,000 after acquiring an additional 5,897 shares during the period. Panagora Asset Management Inc. raised its position in shares of Iteris by 17.5% in the fourth quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after acquiring an additional 4,904 shares during the period. Manatuck Hill Partners LLC acquired a new position in shares of Iteris in the third quarter worth about $248,000. Finally, Strs Ohio raised its position in shares of Iteris by 11.2% in the fourth quarter. Strs Ohio now owns 104,900 shares of the technology company’s stock worth $545,000 after acquiring an additional 10,600 shares during the period. 51.16% of the stock is owned by hedge funds and other institutional investors.

Iteris Stock Up 0.5 %

Shares of Iteris stock traded up $0.02 during mid-day trading on Friday, hitting $4.23. The stock had a trading volume of 3,255 shares, compared to its average volume of 110,410. The firm has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.75. Iteris, Inc. has a 12-month low of $3.72 and a 12-month high of $5.49. The firm has a market cap of $181.76 million, a P/E ratio of 60.86 and a beta of 0.81.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ITI. Maxim Group began coverage on shares of Iteris in a research report on Tuesday, April 30th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com downgraded shares of Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.