Ranger Investment Management L.P. boosted its position in shares of Exa Corporation (NASDAQ:EXA) by 289.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,850 shares of the technology company’s stock after buying an additional 43,733 shares during the period. Ranger Investment Management L.P. owned about 0.40% of Exa Corporation worth $747,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of EXA. Russell Investments Group Ltd. acquired a new stake in shares of Exa Corporation during the fourth quarter valued at $125,000. American International Group Inc. boosted its stake in shares of Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after buying an additional 556 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Exa Corporation by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock worth $134,000 after buying an additional 8,459 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Exa Corporation during the first quarter worth $140,000. Finally, Strs Ohio boosted its stake in shares of Exa Corporation by 25.7% in the first quarter. Strs Ohio now owns 22,500 shares of the technology company’s stock worth $285,000 after buying an additional 4,600 shares in the last quarter. Institutional investors own 76.18% of the company’s stock.
Shares of Exa Corporation (NASDAQ EXA) traded up 0.43% during mid-day trading on Wednesday, hitting $14.00. 4,397 shares of the company were exchanged. Exa Corporation has a 12-month low of $12.34 and a 12-month high of $16.89. The stock’s 50-day moving average price is $13.65 and its 200 day moving average price is $14.48. The stock’s market cap is $208.78 million.
Exa Corporation (NASDAQ:EXA) last posted its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The firm had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.56 million. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, equities analysts anticipate that Exa Corporation will post ($0.15) EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Exa Corporation (NASDAQ:EXA) Shares Bought by Ranger Investment Management L.P.” was first posted by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.themarketsdaily.com/2017/07/12/ranger-investment-management-l-p-has-747000-position-in-exa-corporation-exa-updated-updated.html.
EXA has been the subject of several recent analyst reports. Canaccord Genuity cut shares of Exa Corporation from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Friday, March 17th. ValuEngine upgraded shares of Exa Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, May 31st. Stifel Nicolaus decreased their price target on shares of Exa Corporation from $18.50 to $17.00 and set a “buy” rating on the stock in a research note on Friday, March 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Exa Corporation in a research report on Friday, March 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.20.
About Exa Corporation
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
Receive News & Ratings for Exa Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exa Corporation and related companies with MarketBeat.com's FREE daily email newsletter.