Susquehanna International Group LLP Lowers Stock Holdings in M-tron Industries, Inc. $MPTI

Key Points

• Susquehanna International Group cut its M-tron Industries stake by 58.3% in the second quarter, selling 15,440 shares and retaining 11,028 shares valued at approximately $1.09 million.
• Other institutional activity was more positive: BlackRock and Grandeur Peak Global Advisors initiated positions, while Aristides Capital, Renaissance Technologies, and Marshall Wace increased their holdings. Institutions and hedge funds collectively own 23.31% of MPTI.
• M-tron reported quarterly EPS of $0.43, missing estimates of $0.53, although revenue of $15.11 million exceeded expectations. The stock had a consensus “Moderate Buy” rating, with shares recently trading at $76.98.

Susquehanna International Group LLP trimmed its position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Free Report) by 58.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,028 shares of the company's stock after selling 15,440 shares during the period. Susquehanna International Group LLP owned approximately 0.25% of M-tron Industries worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MPTI. BlackRock Inc. acquired a new position in M-tron Industries during the 2nd quarter worth approximately $25,082,000. Aristides Capital LLC boosted its stake in shares of M-tron Industries by 21.5% in the first quarter. Aristides Capital LLC now owns 65,673 shares of the company's stock valued at $4,390,000 after buying an additional 11,619 shares in the last quarter. Renaissance Technologies LLC grew its holdings in M-tron Industries by 34.3% during the fourth quarter. Renaissance Technologies LLC now owns 60,559 shares of the company's stock worth $3,223,000 after acquiring an additional 15,454 shares during the period. Grandeur Peak Global Advisors LLC acquired a new position in M-tron Industries during the second quarter worth $5,620,000. Finally, Marshall Wace LLP raised its position in M-tron Industries by 25.6% in the second quarter. Marshall Wace LLP now owns 56,263 shares of the company's stock worth $2,363,000 after acquiring an additional 11,470 shares in the last quarter. 23.31% of the stock is owned by institutional investors and hedge funds.

M-tron Industries Price Performance

NYSEAMERICAN MPTI opened at $76.98 on Monday. The company has a market cap of $334.86 million, a P/E ratio of 28.30, a P/E/G ratio of 1.42 and a beta of 0.77. M-tron Industries, Inc. has a 12 month low of $43.46 and a 12 month high of $104.85. The company has a 50-day moving average of $85.53 and a 200-day moving average of $77.39.

M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.10). M-tron Industries had a net margin of 16.35% and a return on equity of 13.03%. The company had revenue of $15.11 million for the quarter, compared to analysts' expectations of $14.75 million. As a group, equities research analysts anticipate that M-tron Industries, Inc. will post 2.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MPTI shares. Freedom Capital cut shares of M-tron Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Zacks Research raised shares of M-tron Industries from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About M-tron Industries

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high‐performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi‐circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source