Royce & Associates LP Boosts Stake in Iteris Inc (ITI)

Royce & Associates LP grew its holdings in Iteris Inc (NYSE:ITI) by 39.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,000 shares of the company’s stock after purchasing an additional 150,000 shares during the period. Royce & Associates LP owned approximately 1.62% of Iteris worth $3,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ITI. Essex Investment Management Co. LLC bought a new stake in shares of Iteris in the second quarter valued at approximately $724,000. Strs Ohio bought a new stake in shares of Iteris in the second quarter valued at approximately $396,000. Bank of New York Mellon Corp raised its position in shares of Iteris by 309.9% in the second quarter. Bank of New York Mellon Corp now owns 66,328 shares of the company’s stock valued at $413,000 after purchasing an additional 50,145 shares during the period. Schwab Charles Investment Management Inc. bought a new stake in shares of Iteris in the second quarter valued at approximately $257,000. Finally, CAPROCK Group Inc. bought a new stake in Iteris during the 2nd quarter worth approximately $227,000.

A number of research firms recently weighed in on ITI. Zacks Investment Research lowered shares of Iteris from a “buy” rating to a “hold” rating in a report on Friday, August 25th. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Iteris in a report on Monday, August 14th. Dougherty & Co began coverage on shares of Iteris in a report on Tuesday, July 18th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Northland Securities set a $8.00 target price on shares of Iteris and gave the stock a “buy” rating in a report on Tuesday, July 4th.

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Shares of Iteris Inc (NYSE ITI) opened at 6.14 on Monday. The company’s 50-day moving average is $6.21 and its 200-day moving average is $5.75. Iteris Inc has a 12-month low of $3.20 and a 12-month high of $6.91. The company’s market cap is $199.96 million.

Iteris (NYSE:ITI) last released its earnings results on Monday, August 7th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Iteris had a negative net margin of 2.05% and a negative return on equity of 5.53%. The company had revenue of $27.18 million for the quarter, compared to analysts’ expectations of $26.31 million. Equities research analysts predict that Iteris Inc will post ($0.07) earnings per share for the current year.

In other Iteris news, VP Thomas N. Blair sold 17,096 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $6.00, for a total transaction of $102,576.00. Following the sale, the vice president now owns 25,000 shares in the company, valued at approximately $150,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas N. Blair sold 43,750 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $5.99, for a total transaction of $262,062.50. Following the sale, the insider now owns 25,000 shares in the company, valued at approximately $149,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 446,064 shares of company stock worth $2,479,485.

Iteris Company Profile

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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Institutional Ownership by Quarter for Iteris (NYSE:ITI)

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