Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Stake Decreased by Verition Fund Management LLC

Verition Fund Management LLC lessened its stake in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLIGet Rating) by 11.5% during the first quarter, Holdings Channel.com reports. The fund owned 60,033 shares of the industrial products company’s stock after selling 7,805 shares during the period. Verition Fund Management LLC’s holdings in Hollysys Automation Technologies were worth $959,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Aaron Wealth Advisors LLC acquired a new position in shares of Hollysys Automation Technologies during the first quarter valued at approximately $237,000. Quantbot Technologies LP acquired a new position in shares of Hollysys Automation Technologies during the first quarter valued at approximately $88,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Hollysys Automation Technologies by 313.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,400 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 9,400 shares during the period. DGS Capital Management LLC increased its stake in shares of Hollysys Automation Technologies by 24.9% during the first quarter. DGS Capital Management LLC now owns 15,654 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 3,124 shares during the period. Finally, Investors Research Corp increased its stake in shares of Hollysys Automation Technologies by 10.9% during the first quarter. Investors Research Corp now owns 17,250 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Hollysys Automation Technologies Stock Performance

Hollysys Automation Technologies stock opened at $19.11 on Thursday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 12.97 and a beta of 0.74. Hollysys Automation Technologies Ltd. has a 1 year low of $11.05 and a 1 year high of $21.02. The firm’s 50 day moving average price is $16.76 and its two-hundred day moving average price is $15.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th.

About Hollysys Automation Technologies

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Hollysys Automation Technologies Ltd. provides automation 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.

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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