Jane Street Group LLC Decreases Position in FARO Technologies, Inc. (NASDAQ:FARO)

Jane Street Group LLC cut its position in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 65.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,753 shares of the scientific and technical instruments company's stock after selling 16,526 shares during the period. Jane Street Group LLC's holdings in FARO Technologies were worth $222,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FARO. SG Americas Securities LLC raised its holdings in shares of FARO Technologies by 13.1% during the fourth quarter. SG Americas Securities LLC now owns 8,345 shares of the scientific and technical instruments company's stock valued at $212,000 after purchasing an additional 966 shares during the last quarter. Quarry LP purchased a new position in shares of FARO Technologies during the fourth quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD raised its holdings in shares of FARO Technologies by 3.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,129 shares of the scientific and technical instruments company's stock valued at $942,000 after purchasing an additional 1,314 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of FARO Technologies by 4.5% during the fourth quarter. Rhumbline Advisers now owns 31,279 shares of the scientific and technical instruments company's stock valued at $793,000 after purchasing an additional 1,333 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of FARO Technologies during the fourth quarter valued at approximately $55,000. 97.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FARO shares. Craig Hallum lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen started coverage on shares of FARO Technologies in a research report on Friday, May 16th. They set a "buy" rating for the company. Finally, Needham & Company LLC lowered shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

FARO Technologies Stock Performance

Shares of NASDAQ FARO opened at $42.42 on Friday. The firm has a market capitalization of $815.57 million, a price-to-earnings ratio of -121.20 and a beta of 1.49. FARO Technologies, Inc. has a 12-month low of $13.52 and a 12-month high of $42.64. The firm has a 50 day moving average of $33.81 and a 200 day moving average of $30.21. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.

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