Mackenzie Financial Corp Trims Stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Mackenzie Financial Corp lowered its stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 19.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,186 shares of the industrial products company’s stock after selling 15,951 shares during the quarter. Mackenzie Financial Corp’s holdings in Hollysys Automation Technologies were worth $1,797,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Hollysys Automation Technologies by 665.2% in the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after buying an additional 918 shares in the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in Hollysys Automation Technologies in the 4th quarter valued at $259,000. FNY Investment Advisers LLC acquired a new position in Hollysys Automation Technologies in the 4th quarter valued at $832,000. California Public Employees Retirement System raised its holdings in Hollysys Automation Technologies by 2.9% in the 3rd 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 during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its holdings in Hollysys Automation Technologies by 20.6% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company’s stock valued at $5,767,000 after acquiring an additional 49,666 shares during the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Hollysys Automation Technologies in a report on Wednesday. They issued a “buy” rating for the company.

Hollysys Automation Technologies Trading Down 0.4 %

Shares of HOLI opened at $24.40 on Wednesday. The stock has a fifty day moving average of $25.49 and a two-hundred day moving average of $24.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. The company has a market capitalization of $1.51 billion, a PE ratio of 18.21 and a beta of 0.53. Hollysys Automation Technologies Ltd. has a fifty-two week low of $15.13 and a fifty-two week high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. The business had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

Hollysys Automation Technologies Company Profile

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.