Rice Hall James & Associates LLC boosted its stake in Mix Telematics Ltd. (NYSE:MIXT) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 310,729 shares of the company’s stock after buying an additional 3,219 shares during the period. Rice Hall James & Associates LLC’s holdings in Mix Telematics were worth $1,454,000 at the end of the most recent reporting period.
Separately, Acadian Asset Management LLC boosted its position in shares of Mix Telematics by 48.2% in the second quarter. Acadian Asset Management LLC now owns 53,899 shares of the company’s stock worth $252,000 after buying an additional 17,523 shares during the period. Hedge funds and other institutional investors own 12.24% of the company’s stock.
Mix Telematics Ltd. (NYSE:MIXT) traded up 2.34% during mid-day trading on Friday, hitting $6.57. 30,533 shares of the stock were exchanged. Mix Telematics Ltd. has a 52 week low of $3.33 and a 52 week high of $6.63. The company’s 50-day moving average price is $5.67 and its 200 day moving average price is $4.90. The firm has a market capitalization of $200.54 million, a price-to-earnings ratio of 15.46 and a beta of 0.86.
Mix Telematics (NYSE:MIXT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $25.60 million for the quarter, compared to analysts’ expectations of $25.18 million. Mix Telematics had a net margin of 12.35% and a return on equity of 4.21%. Equities research analysts expect that Mix Telematics Ltd. will post $0.01 EPS for the current year.
MIXT has been the topic of a number of recent research reports. Canaccord Genuity raised their price objective on Mix Telematics from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, September 12th. TheStreet raised Mix Telematics from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research cut Mix Telematics from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Mix Telematics has an average rating of “Buy” and a consensus target price of $7.25.
About Mix Telematics
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Americas, Europe, Brazil, Middle East and Australasia, and Africa. Its products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk and security.
Want to see what other hedge funds are holding MIXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mix Telematics Ltd. (NYSE:MIXT).
Receive News & Ratings for Mix Telematics Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mix Telematics Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.