Advanced Energy Industries, Inc. (AEIS) Stake Lowered by AHL Partners LLP

AHL Partners LLP reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 41.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,429 shares of the electronics maker’s stock after selling 30,109 shares during the period. AHL Partners LLP owned approximately 0.11% of Advanced Energy Industries worth $2,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new position in shares of Advanced Energy Industries during the 2nd quarter valued at $431,000. Voya Investment Management LLC grew its position in shares of Advanced Energy Industries by 11.2% during the 2nd quarter. Voya Investment Management LLC now owns 18,430 shares of the electronics maker’s stock valued at $1,192,000 after purchasing an additional 1,859 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its position in shares of Advanced Energy Industries by 19.0% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 50,899 shares of the electronics maker’s stock valued at $3,293,000 after purchasing an additional 8,140 shares in the last quarter. OxFORD Asset Management LLP grew its position in shares of Advanced Energy Industries by 36.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 51,844 shares of the electronics maker’s stock valued at $3,354,000 after purchasing an additional 13,777 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Advanced Energy Industries by 23.2% during the 2nd quarter. Renaissance Technologies LLC now owns 482,022 shares of the electronics maker’s stock valued at $31,182,000 after purchasing an additional 90,822 shares in the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

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Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 84.53 on Thursday. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 21.48 and a beta of 1.38. Advanced Energy Industries, Inc. has a 12 month low of $45.47 and a 12 month high of $86.25. The company has a 50-day moving average of $76.34 and a 200 day moving average of $73.21.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. Advanced Energy Industries’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current fiscal year.

AEIS has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target for the company. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $72.60.

In related news, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.64, for a total transaction of $1,178,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yuval Wasserman sold 11,744 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total transaction of $881,856.96. Following the transaction, the chief executive officer now directly owns 127,396 shares of the company’s stock, valued at $9,566,165.64. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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