75,600 Shares in Innio N.V. $INIO Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in shares of Innio N.V. (NASDAQ:INIO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 75,600 shares of the company’s stock, valued at approximately $2,990,000.

Several other hedge funds also recently modified their holdings of INIO. Squarepoint Ops LLC acquired a new position in shares of Innio in the 2nd quarter worth approximately $13,842,000. Readystate Asset Management LP acquired a new position in Innio in the second quarter worth $3,975,000. Troluce Capital Advisors LLC bought a new stake in shares of Innio during the second quarter worth $1,483,000. Value Aligned Research Advisors LLC acquired a new stake in shares of Innio in the second quarter valued at $53,605,000. Finally, Wellington Management Group LLP bought a new position in shares of Innio in the second quarter valued at about $1,117,000.

Analyst Upgrades and Downgrades

INIO has been the subject of several research reports. The Goldman Sachs Group started coverage on shares of Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $42.00 price objective for the company. Weiss Ratings started coverage on shares of Innio in a research note on Monday, August 31st. They set a “sell (d)” rating on the stock. Zacks Research raised Innio to a “hold” rating in a report on Tuesday, June 30th. BNP Paribas Exane began coverage on Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, Citigroup began coverage on Innio in a report on Monday, June 29th. They issued a “neutral” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.90.

Innio Stock Up 3.8%

NASDAQ INIO opened at $20.35 on Friday. Innio N.V. has a 12 month low of $19.04 and a 12 month high of $42.95. The firm has a 50-day moving average of $25.86.

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

Innio Company 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.