Two Sigma Investments LP Raises Stock Holdings in Frequency Electronics, Inc. (NASDAQ:FEIM)

Two Sigma Investments LP grew its position in Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) by 109.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,644 shares of the communications equipment provider's stock after acquiring an additional 37,438 shares during the quarter. Two Sigma Investments LP owned about 0.75% of Frequency Electronics worth $1,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Frequency Electronics in the fourth quarter worth about $27,000. IFP Advisors Inc purchased a new position in shares of Frequency Electronics in the 4th quarter valued at approximately $85,000. JPMorgan Chase & Co. raised its position in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 4,860 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Frequency Electronics in the 4th quarter valued at approximately $238,000. Finally, MYDA Advisors LLC purchased a new position in Frequency Electronics during the 4th quarter worth approximately $259,000. Hedge funds and other institutional investors own 58.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research report on Friday.

Insiders Place Their Bets

In related news, Director Russell M. Sarachek acquired 2,161 shares of Frequency Electronics stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the acquisition, the director now owns 464,080 shares in the company, valued at approximately $7,318,541.60. This represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Frequency Electronics Stock Up 0.8%

Shares of NASDAQ FEIM traded up $0.16 during midday trading on Friday, reaching $19.11. 123,936 shares of the stock were exchanged, compared to its average volume of 78,032. The firm has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $16.83. Frequency Electronics, Inc. has a twelve month low of $8.62 and a twelve month high of $21.00. The firm has a market cap of $184.93 million, a price-to-earnings ratio of 23.31 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%. The firm had revenue of $18.93 million for the quarter.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.