Norges Bank Investment Management recently announced the acquisition of new stake in Hollysys Automation Technologies Ltd (NASDAQ:HOLI). The institutional investor has increased its shareholding in the Industrials company by 602.45% to 4.65 million shares with purchase of 3.98 million shares. This fresh investment now brings its stake to 7.49% valued currently at $122.41 million. In addition, The Vanguard Group, Inc. raised its holdings by 3582.0 to 1.88 million shares.
Currently, there are 62.02M common shares owned by the public and among those 47.98M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Hollysys Automation Technologies Ltd are Fidelity China Special Situations, Schroder Asian Growth Fund, and Davis Global Fund. Fidelity China Special Situations owns 1.63 million shares of the company’s stock, all valued at over $42.87 million. Davis Global Fund sold 45730.0 shares to bring its total holdings to over 1.06 million shares at a value of $27.96 million. Davis Global Fund now owns shares totaling to 1.71% of the shares outstanding.
The company’s stock has a 5-day price change of -2.28% and 31.65% over the past three months. HOLI shares are trading -4.02% year to date (YTD), with the 12-month market performance up to 31.86% higher. It has a 12-month low price of $15.12 and touched a high of $27.25 over the same period. HOLI has an average intraday trading volume of 1.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.06%, 3.00%, and 29.80% respectively.
Institutional ownership of Hollysys Automation Technologies Ltd (NASDAQ: HOLI) shares accounts for 70.61% of the company’s 62.02M shares outstanding. Mutual fund holders own 24.46%, while other institutional holders and individual stakeholders account for 46.52% and — respectively.
It has a market capitalization of $1.57B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 14.45, while the earnings-per-share (ttm) stands at $1.75. The company has a PEG of 0.91 and a Quick Ratio of 2.72 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.47% over the week and 1.08% over the month.
Analysts forecast that Hollysys Automation Technologies Ltd (HOLI) will achieve an EPS of $MicroCloud Hologram Inc. for the current quarter, $0.21 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Houlihan Lokey, Inc. while analysts give the company a high EPS estimate of $Hollysys Automation Technologie. Comparatively, EPS for the current quarter was $HOLIDAY ISLAND HOLDINGS INC a year ago. Earnings per share for the fiscal year are expected to increase by 14.65%, and 10.08% over the next financial year. EPS should grow at an annualized rate of 15.83% over the next five years, compared to -0.57% over the past 5-year period.
Looking at the support for the HOLI, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on August 03, 2021, with the firm’s price target at $15-$24.
