California Public Employees Retirement System Increases Stock Position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

California Public Employees Retirement System grew its stake in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Free Report) by 147.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 269,400 shares of the industrial products company's stock after purchasing an additional 160,458 shares during the period. California Public Employees Retirement System owned about 0.43% of Hollysys Automation Technologies worth $7,099,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of HOLI. Blue Trust Inc. lifted its position in shares of Hollysys Automation Technologies by 665.2% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 918 shares in the last quarter. Lester Murray Antman dba SimplyRich bought a new position in shares of Hollysys Automation Technologies during the 4th quarter worth approximately $259,000. Towerview LLC purchased a new position in shares of Hollysys Automation Technologies in the 4th quarter worth approximately $264,000. FNY Investment Advisers LLC bought a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at approximately $832,000. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of Hollysys Automation Technologies by 20.6% during the third quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company's stock valued at $5,767,000 after acquiring an additional 49,666 shares during the last quarter. 78.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Hollysys Automation Technologies in a research note on Thursday. They issued a "buy" rating for the company.

Hollysys Automation Technologies Stock Performance

NASDAQ HOLI traded down $0.02 during trading hours on Friday, reaching $23.63. 130,082 shares of the company were exchanged, compared to its average volume of 402,077. The stock has a market capitalization of $1.46 billion, a P/E ratio of 17.63 and a beta of 0.55. The company has a quick ratio of 2.70, a current ratio of 2.90 and a debt-to-equity ratio of 0.04. Hollysys Automation Technologies Ltd. has a 1 year low of $15.13 and a 1 year high of $27.25. The business's 50 day simple moving average is $25.22 and its 200-day simple moving average is $24.52.

Hollysys Automation Technologies (NASDAQ:HOLI - Get Free Report) last released its earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The firm had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.