Squarepoint Ops LLC Makes New $13.84 Million Investment in Innio N.V. $INIO

Squarepoint Ops LLC acquired a new stake in shares of Innio N.V. (NASDAQ:INIO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 350,000 shares of the company’s stock, valued at approximately $13,842,000.

Several other hedge funds also recently bought and sold shares of INIO. Wellington Management Group LLP purchased a new stake in Innio during the 2nd quarter valued at approximately $1,117,000. Troluce Capital Advisors LLC purchased a new position in Innio during the second quarter valued at $1,483,000. Readystate Asset Management LP bought a new stake in Innio in the 2nd quarter valued at $3,975,000. Finally, Value Aligned Research Advisors LLC purchased a new stake in Innio in the 2nd quarter worth $53,605,000.

Innio Stock Performance

NASDAQ INIO opened at $20.78 on Thursday. The firm’s 50 day moving average is $26.54. Innio N.V. has a fifty-two week low of $19.04 and a fifty-two week high of $42.95.

Innio (NASDAQ:INIO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $937.70 million for the quarter. On average, equities analysts expect that Innio N.V. will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INIO. Bank of America began coverage on Innio in a report on Monday, June 29th. They issued a “buy” rating and a $46.00 target price on the stock. Weiss Ratings initiated coverage on Innio in a report on Monday, August 31st. They set a “sell (d)” rating on the stock. Zacks Research raised shares of Innio to a “hold” rating in a report on Tuesday, June 30th. UBS Group started coverage on shares of Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $47.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.90.

Innio Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.