Clal Insurance Enterprises Holdings Ltd Acquires 15,000 Shares of Pointer Telocation Ltd (PNTR)

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Clal Insurance Enterprises Holdings Ltd grew its holdings in Pointer Telocation Ltd (NASDAQ:PNTR) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 472,288 shares of the communications equipment provider’s stock after purchasing an additional 15,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned approximately 5.81% of Pointer Telocation worth $5,738,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PNTR. Boston Partners bought a new stake in shares of Pointer Telocation in the 4th quarter valued at about $464,000. BlackRock Inc. bought a new stake in shares of Pointer Telocation in the 4th quarter valued at about $251,000. First Wilshire Securities Management Inc. raised its holdings in shares of Pointer Telocation by 74.7% in the 3rd quarter. First Wilshire Securities Management Inc. now owns 31,875 shares of the communications equipment provider’s stock valued at $414,000 after purchasing an additional 13,629 shares in the last quarter. B. Riley Financial Inc. raised its holdings in shares of Pointer Telocation by 22.7% in the 3rd quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock valued at $516,000 after purchasing an additional 7,364 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Pointer Telocation by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 816 shares in the last quarter. Institutional investors and hedge funds own 23.08% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Pointer Telocation from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Pointer Telocation in a report on Friday, November 16th. Finally, ValuEngine upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.67.

Shares of Pointer Telocation stock opened at $15.70 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. Pointer Telocation Ltd has a 52-week low of $10.25 and a 52-week high of $16.20. The company has a market capitalization of $117.89 million, a PE ratio of 15.39 and a beta of 0.50.

Pointer Telocation (NASDAQ:PNTR) last issued its quarterly earnings data on Thursday, February 28th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.10). Pointer Telocation had a return on equity of 12.99% and a net margin of 8.91%. On average, equities research analysts expect that Pointer Telocation Ltd will post 1.12 earnings per share for the current fiscal year.

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Pointer Telocation Profile

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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Institutional Ownership by Quarter for Pointer Telocation (NASDAQ:PNTR)

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