Alpine Associates Management Inc. Takes $39.24 Million Position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Alpine Associates Management Inc. bought a new position in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,489,107 shares of the industrial products company's stock, valued at approximately $39,238,000. Hollysys Automation Technologies makes up about 2.0% of Alpine Associates Management Inc.'s portfolio, making the stock its 18th largest holding. Alpine Associates Management Inc. owned 2.40% of Hollysys Automation Technologies as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of Hollysys Automation Technologies by 2.9% in the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company's stock worth $2,161,000 after buying an additional 3,028 shares during the last quarter. Maso Capital Partners Ltd lifted its position in shares of Hollysys Automation Technologies by 15.1% during the 3rd quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company's stock worth $20,948,000 after purchasing an additional 138,259 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its position in Hollysys Automation Technologies by 20.6% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company's stock worth $5,767,000 after buying an additional 49,666 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Hollysys Automation Technologies by 164.3% during the third quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company's stock worth $6,153,000 after buying an additional 192,785 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Hollysys Automation Technologies by 1.5% in the third quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company's stock valued at $45,622,000 after acquiring an additional 32,999 shares during the period. Institutional investors and hedge funds own 78.67% of the company's stock.

Hollysys Automation Technologies Stock Performance

Shares of NASDAQ:HOLI traded up $0.01 during trading on Friday, hitting $23.47. 286,248 shares of the stock were exchanged, compared to its average volume of 353,021. The company's fifty day simple moving average is $25.00 and its 200-day simple moving average is $24.63. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.52 and a beta of 0.55. Hollysys Automation Technologies Ltd. has a 1-year low of $15.13 and a 1-year high of $27.25.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Hollysys Automation Technologies in a research note on Friday. They set a "buy" rating for the company.

Hollysys Automation Technologies 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.