Trexquant Investment LP Takes Position in Frequency Electronics, Inc. $FEIM

Key Points

• Trexquant Investment LP has acquired a new position in Frequency Electronics, investing approximately $331,000 for 21,141 shares during the first quarter.
• Frequency Electronics has seen significant interest from other institutional investors, with IFP Advisors Inc increasing its stake by 67.4% and Jane Street Group LLC purchasing a new stake worth $402,000.
• On July 10th, Frequency Electronics reported earnings of $0.34 per share and revenue of $19.99 million, while the stock experienced a 0.2% decline in value.

Trexquant Investment LP purchased a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 21,141 shares of the communications equipment provider's stock, valued at approximately $331,000. Trexquant Investment LP owned 0.22% of Frequency Electronics as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of Frequency Electronics in the fourth quarter valued at approximately $727,000. Two Sigma Investments LP raised its position in shares of Frequency Electronics by 109.4% in the fourth quarter. Two Sigma Investments LP now owns 71,644 shares of the communications equipment provider's stock worth $1,327,000 after buying an additional 37,438 shares in the last quarter. Millennium Management LLC raised its position in shares of Frequency Electronics by 37.7% in the fourth quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider's stock worth $549,000 after buying an additional 8,116 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Frequency Electronics in the fourth quarter worth $402,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Frequency Electronics in the first quarter worth $180,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Frequency Electronics from a "hold" rating to a "buy" rating in a research report on Saturday.

Frequency Electronics Price Performance

NASDAQ FEIM traded up $0.87 during mid-day trading on Monday, reaching $28.00. The stock had a trading volume of 529,960 shares, compared to its average volume of 315,055. Frequency Electronics, Inc. has a 1 year low of $11.71 and a 1 year high of $34.84. The stock has a market cap of $273 million, a PE ratio of 12.23 and a beta of 0.50. The company has a fifty day moving average price of $27.90 and a 200 day moving average price of $21.42.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its earnings results on Thursday, September 11th. The communications equipment provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.29). Frequency Electronics had a net margin of 32.10% and a return on equity of 45.96%. The company had revenue of $13.81 million for the quarter, compared to analysts' expectations of $16.53 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share.

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.