Iteris, Inc. (NASDAQ:ITI) Shares Purchased by Private Management Group Inc.

Private Management Group Inc. raised its position in shares of Iteris, Inc. (NASDAQ:ITI) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,626,954 shares of the technology company’s stock after purchasing an additional 191,511 shares during the quarter. Private Management Group Inc.’s holdings in Iteris were worth $7,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITI. Public Employees Retirement System of Ohio bought a new stake in shares of Iteris in the 1st quarter worth approximately $43,000. Bfsg LLC increased its holdings in shares of Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock valued at $55,000 after buying an additional 3,038 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Iteris during the 1st quarter valued at $66,000. Perritt Capital Management Inc. lifted its position in shares of Iteris by 150.0% during the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock valued at $124,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Iteris by 17.5% during the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after acquiring an additional 4,904 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Iteris Stock Up 0.1 %

Shares of Iteris stock opened at $7.10 on Tuesday. Iteris, Inc. has a 12 month low of $3.97 and a 12 month high of $7.13. The stock has a market cap of $304.02 million, a PE ratio of 101.43 and a beta of 0.86. The business has a fifty day simple moving average of $5.65 and a 200-day simple moving average of $5.00.

Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Iteris had a return on equity of 2.02% and a net margin of 0.80%. The business had revenue of $45.78 million for the quarter, compared to analyst estimates of $44.02 million. Analysts expect that Iteris, Inc. will post 0.18 EPS for the current fiscal year.

Insider Transactions at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $6.99, for a total value of $5,929,617.00. Following the transaction, the insider now owns 4,165,000 shares in the company, valued at approximately $29,113,350. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ITI shares. StockNews.com assumed coverage on Iteris in a research report on Thursday, September 5th. They set a “buy” rating on the stock. Maxim Group restated a “hold” rating on shares of Iteris in a report on Monday, August 12th. Northland Capmk cut shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, B. Riley reissued a “neutral” rating and issued a $7.20 target price (down from $8.00) on shares of Iteris in a research report on Wednesday, August 21st.

Iteris Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.