Miller Howard Investments Inc. NY grew its holdings in shares of Automodular Corp (NYSE:AM) by 18.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 953,265 shares of the company’s stock after purchasing an additional 147,747 shares during the period. Miller Howard Investments Inc. NY owned about 0.51% of Automodular Corp worth $30,056,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Automodular Corp by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the company’s stock worth $177,000 after purchasing an additional 410 shares during the period. Carnick & Kubik Group LLC purchased a new stake in Automodular Corp during the third quarter worth about $227,000. Guild Investment Management Inc. acquired a new position in shares of Automodular Corp during the third quarter worth about $236,000. Northern Trust Corp acquired a new position in shares of Automodular Corp during the second quarter worth about $245,000. Finally, Proficio Capital Partners LLC grew its position in shares of Automodular Corp by 6.4% during the second quarter. Proficio Capital Partners LLC now owns 7,055 shares of the company’s stock worth $247,000 after buying an additional 424 shares in the last quarter.
A number of brokerages have recently commented on AM. Zacks Investment Research raised Automodular Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Scotiabank set a $44.00 price target on Automodular Corp and gave the company a “buy” rating in a report on Saturday, July 22nd. Guggenheim assumed coverage on Automodular Corp in a report on Thursday, July 20th. They issued a “buy” rating and a $37.00 price target for the company. ValuEngine raised Automodular Corp from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Automodular Corp in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$39.25.
In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$31.11, for a total transaction of C$311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares in the company, valued at C$3,075,856,121.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Automodular Corp (AM) traded down C$0.12 during trading on Friday, hitting C$27.40. The stock had a trading volume of 193,457 shares, compared to its average volume of 456,741. Automodular Corp has a twelve month low of C$27.18 and a twelve month high of C$35.74.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.86%.
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Automodular Corp Profile
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.
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