California State Teachers Retirement System Has $301,000 Stake in Allied Motion Technologies Inc. (AMOT)

California State Teachers Retirement System lowered its stake in Allied Motion Technologies Inc. (NASDAQ:AMOT) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 12,959 shares of the company’s stock after selling 500 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Allied Motion Technologies worth $301,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMOT. Thomson Horstmann & Bryant Inc. raised its stake in Allied Motion Technologies by 63.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 389,829 shares of the company’s stock valued at $9,067,000 after buying an additional 150,898 shares during the last quarter. Skylands Capital LLC bought a new stake in Allied Motion Technologies during the second quarter valued at about $949,000. Pitcairn Co. bought a new stake in Allied Motion Technologies during the second quarter valued at about $222,000. Bank of Montreal Can bought a new stake in Allied Motion Technologies during the second quarter valued at about $179,000. Finally, Bank of New York Mellon Corp raised its stake in Allied Motion Technologies by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 132,785 shares of the company’s stock valued at $3,089,000 after buying an additional 7,347 shares during the last quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.

Institutional Ownership by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

Allied Motion Technologies Inc. (NASDAQ:AMOT) traded down 2.23% during mid-day trading on Tuesday, reaching $20.14. The company’s stock had a trading volume of 6,610 shares. Allied Motion Technologies Inc. has a 52-week low of $15.46 and a 52-week high of $27.70. The company has a market cap of $189.24 million, a price-to-earnings ratio of 18.65 and a beta of 1.74. The firm has a 50 day moving average price of $20.15 and a 200 day moving average price of $21.22.

Allied Motion Technologies (NASDAQ:AMOT) last issued its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company earned $65.80 million during the quarter, compared to the consensus estimate of $60.50 million. Allied Motion Technologies had a return on equity of 14.90% and a net margin of 4.15%. Equities research analysts anticipate that Allied Motion Technologies Inc. will post $1.14 earnings per share for the current year.

Several analysts recently issued reports on AMOT shares. Zacks Investment Research lowered Allied Motion Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Dougherty & Co assumed coverage on Allied Motion Technologies in a research note on Friday, July 1st. They issued a “neutral” rating on the stock.

In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 10,000 shares of Allied Motion Technologies stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $20.02, for a total transaction of $200,200.00. Following the transaction, the director now owns 47,515 shares of the company’s stock, valued at approximately $951,250.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. /Co/ Smith sold 5,119 shares of Allied Motion Technologies stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $22.14, for a total transaction of $113,334.66. Following the transaction, the director now directly owns 37,404 shares in the company, valued at approximately $828,124.56. The disclosure for this sale can be found here. Company insiders own 30.90% of the company’s stock.

About Allied Motion Technologies

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

5 Day Chart for NASDAQ:AMOT

Want to see what other hedge funds are holding AMOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allied Motion Technologies Inc. (NASDAQ:AMOT).

Receive News & Ratings for Allied Motion Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Disney to Build Larger Hong Kong Kingdom
Disney to Build Larger Hong Kong Kingdom
DraftKings and FanDuel Finally Will Merge
DraftKings and FanDuel Finally Will Merge


 
© 2006-2016 Ticker Report. Google+.