CalAmp Corp. (CAMP) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in CalAmp Corp. (NASDAQ:CAMP) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,279 shares of the Wireless communications provider’s stock after selling 9,200 shares during the period. California State Teachers Retirement System owned approximately 0.17% of CalAmp Corp. worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CAMP. US Bancorp DE lifted its stake in shares of CalAmp Corp. by 101.3% in the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 2,659 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of CalAmp Corp. by 77.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock valued at $141,000 after purchasing an additional 3,021 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of CalAmp Corp. in the 1st quarter valued at $193,000. First Mercantile Trust Co. acquired a new position in shares of CalAmp Corp. in the 2nd quarter valued at $205,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of CalAmp Corp. by 58.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock valued at $218,000 after purchasing an additional 3,979 shares during the last quarter. 71.11% of the stock is currently owned by institutional investors and hedge funds.

CalAmp Corp. (CAMP) opened at $22.11 on Thursday. CalAmp Corp. has a 12 month low of $14.12 and a 12 month high of $24.68. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $796.76, a PE ratio of 25.15 and a beta of 1.66.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. The firm had revenue of $89.80 million for the quarter, compared to analyst estimates of $88.72 million. During the same quarter in the prior year, the company earned $0.27 EPS. CalAmp Corp.’s revenue was down .8% on a year-over-year basis. analysts forecast that CalAmp Corp. will post 0.95 earnings per share for the current year.

Several brokerages have recently commented on CAMP. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a research note on Wednesday, October 4th. TheStreet raised CalAmp Corp. from a “c” rating to a “b” rating in a research note on Friday, September 29th. BidaskClub lowered CalAmp Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. J P Morgan Chase & Co lowered CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.14.

In related news, CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $23.99, for a total transaction of $215,910.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,833 shares of company stock worth $1,216,660. 5.30% of the stock is owned by corporate insiders.

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CalAmp Corp. Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Institutional Ownership by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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