Squarepoint Ops LLC Decreases Stake in Gencor Industries, Inc. (NASDAQ:GENC)

Squarepoint Ops LLC cut its stake in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,694 shares of the company’s stock after selling 7,166 shares during the quarter. Squarepoint Ops LLC owned about 0.08% of Gencor Industries worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GENC. Systematic Financial Management LP lifted its stake in Gencor Industries by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 1,178,065 shares of the company’s stock valued at $20,793,000 after acquiring an additional 28,732 shares during the period. Royce & Associates LP raised its holdings in shares of Gencor Industries by 1.0% during the fourth quarter. Royce & Associates LP now owns 1,166,000 shares of the company’s stock worth $20,580,000 after purchasing an additional 12,000 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Gencor Industries by 4.7% during the fourth quarter. First Eagle Investment Management LLC now owns 74,064 shares of the company’s stock valued at $1,307,000 after purchasing an additional 3,300 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Gencor Industries by 56.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 60,534 shares of the company’s stock valued at $1,068,000 after purchasing an additional 21,793 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Gencor Industries by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 46,055 shares of the company’s stock worth $813,000 after purchasing an additional 1,274 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Gencor Industries in a research note on Friday, May 16th. They issued a “hold” rating on the stock.

Gencor Industries Trading Up 1.1%

Gencor Industries stock opened at $14.29 on Monday. The firm has a market cap of $209.46 million, a PE ratio of 12.99 and a beta of 0.52. Gencor Industries, Inc. has a 12 month low of $10.80 and a 12 month high of $24.88. The stock’s 50 day simple moving average is $12.65 and its two-hundred day simple moving average is $14.96.

Gencor Industries Company Profile

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.