Hanseatic Management Services Inc. Has $353,000 Stake in Itron, Inc. (ITRI)

Hanseatic Management Services Inc. lowered its stake in Itron, Inc. (NASDAQ:ITRI) by 80.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,563 shares of the scientific and technical instruments company’s stock after selling 19,244 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Itron were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Itron by 17.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,714 shares of the scientific and technical instruments company’s stock valued at $1,992,000 after purchasing an additional 3,801 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Itron in the 3rd quarter valued at $219,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Itron in the 3rd quarter valued at $394,000. Teacher Retirement System of Texas acquired a new position in shares of Itron in the 3rd quarter valued at $221,000. Finally, Rhumbline Advisers lifted its stake in shares of Itron by 3.3% in the 3rd quarter. Rhumbline Advisers now owns 67,237 shares of the scientific and technical instruments company’s stock valued at $5,208,000 after purchasing an additional 2,176 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Shares of Itron, Inc. (NASDAQ:ITRI) traded down $0.30 during trading on Thursday, reaching $65.25. The company had a trading volume of 243,000 shares, compared to its average volume of 194,624. The firm has a market cap of $2,538.44, a P/E ratio of 24.01, a PEG ratio of 1.04 and a beta of 1.07. Itron, Inc. has a twelve month low of $57.80 and a twelve month high of $79.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). The business had revenue of $486.75 million for the quarter, compared to analyst estimates of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. equities research analysts predict that Itron, Inc. will post 2.99 EPS for the current fiscal year.

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A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Itron from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of Itron in a research note on Friday, November 3rd. Robert W. Baird reissued a “hold” rating and issued a $77.00 price target on shares of Itron in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Itron in a research note on Friday, August 4th. Finally, BidaskClub downgraded Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $81.78.

Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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