Jump Financial LLC decreased its holdings in FARO Technologies, Inc. (NASDAQ:FARO – Free Report) by 61.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,284 shares of the scientific and technical instruments company’s stock after selling 35,616 shares during the quarter. Jump Financial LLC owned about 0.12% of FARO Technologies worth $339,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of FARO Technologies in the second quarter valued at $26,000. Tower Research Capital LLC TRC increased its position in shares of FARO Technologies by 179.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,749 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 1,123 shares in the last quarter. Captrust Financial Advisors increased its position in shares of FARO Technologies by 29.7% in the first quarter. Captrust Financial Advisors now owns 1,985 shares of the scientific and technical instruments company’s stock valued at $103,000 after buying an additional 455 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of FARO Technologies by 15.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,021 shares of the scientific and technical instruments company’s stock valued at $208,000 after buying an additional 523 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of FARO Technologies by 241.7% in the second quarter. Royal Bank of Canada now owns 4,183 shares of the scientific and technical instruments company’s stock valued at $68,000 after buying an additional 2,959 shares in the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC lifted their price objective on FARO Technologies from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 29th.
FARO Technologies Stock Up 1.7 %
Shares of NASDAQ:FARO opened at $23.41 on Tuesday. The stock’s 50-day moving average price is $21.51 and its two-hundred day moving average price is $17.91. The company has a current ratio of 2.33, a quick ratio of 1.95 and a debt-to-equity ratio of 0.28. FARO Technologies, Inc. has a 12-month low of $10.30 and a 12-month high of $30.58. The firm has a market cap of $443.62 million, a price-to-earnings ratio of -7.34 and a beta of 1.43.
FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. It offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
- Five stocks we like better than FARO Technologies
- What is the Euro STOXX 50 Index?
- 3 attractive stocks that insiders are buying
- Video Game Stocks: How to Invest in Gaming
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- What is Put Option Volume?
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for FARO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.