Segantii Capital Management Ltd Sells 645,485 Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Segantii Capital Management Ltd cut its holdings in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Free Report) by 45.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 759,892 shares of the industrial products company's stock after selling 645,485 shares during the quarter. Hollysys Automation Technologies comprises 1.1% of Segantii Capital Management Ltd's portfolio, making the stock its 23rd biggest holding. Segantii Capital Management Ltd owned 1.23% of Hollysys Automation Technologies worth $20,023,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HOLI. Blue Trust Inc. boosted its holdings in shares of Hollysys Automation Technologies by 665.2% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company's stock worth $28,000 after buying an additional 918 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $190,000. Lester Murray Antman dba SimplyRich acquired a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at approximately $259,000. Towerview LLC bought a new position in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $264,000. Finally, Truist Financial Corp lifted its holdings in Hollysys Automation Technologies by 2.0% during the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company's stock worth $583,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 78.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Hollysys Automation Technologies in a report on Thursday, May 2nd. They issued a "buy" rating on the stock.

Hollysys Automation Technologies Stock Performance

NASDAQ:HOLI traded down $0.06 during mid-day trading on Thursday, reaching $23.46. 137,302 shares of the company's stock were exchanged, compared to its average volume of 641,537. Hollysys Automation Technologies Ltd. has a one year low of $15.13 and a one year high of $27.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. The business's fifty day simple moving average is $25.05 and its two-hundred day simple moving average is $24.60. The firm has a market capitalization of $1.45 billion, a PE ratio of 17.51 and a beta of 0.55.

Hollysys Automation Technologies (NASDAQ:HOLI - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The company 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.