Ballentine Partners LLC grew its position in Automodular Corp (NYSE:AM) by 22.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,385 shares of the company’s stock after acquiring an additional 3,900 shares during the period. Ballentine Partners LLC’s holdings in Automodular Corp were worth $674,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Bollard Group LLC raised its stake in shares of Automodular Corp by 0.9% in the second quarter. Bollard Group LLC now owns 9,777 shares of the company’s stock valued at $324,000 after acquiring an additional 88 shares during the last quarter. Keybank National Association OH raised its position in Automodular Corp by 4.8% in the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the company’s stock worth $258,000 after purchasing an additional 360 shares during the last quarter. Williams Jones & Associates LLC raised its position in Automodular Corp by 1.6% in the 2nd quarter. Williams Jones & Associates LLC now owns 24,600 shares of the company’s stock worth $816,000 after purchasing an additional 385 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Automodular Corp by 8.3% in the 2nd 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 last quarter. Finally, Proficio Capital Partners LLC raised its position in Automodular Corp by 6.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 7,055 shares of the company’s stock worth $247,000 after purchasing an additional 424 shares during the last quarter.
In other Automodular Corp news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$31.11, for a total transaction of C$311,100,000.00. Following the sale, the insider now directly owns 98,870,335 shares of the company’s stock, valued at approximately C$3,075,856,121.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Automodular Corp (AM) traded down C$0.12 during midday trading on Friday, reaching C$27.40. 193,457 shares of the company were exchanged, compared to its average volume of 456,741. Automodular Corp has a 12-month low of C$27.18 and a 12-month high of C$35.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 23rd. Investors of record on Wednesday, November 1st will be paid a $0.059 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%.
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AM has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Automodular Corp in a research report on Tuesday, September 5th. Scotiabank set a $44.00 target price on shares of Automodular Corp and gave the stock a “buy” rating in a report on Saturday, July 22nd. BidaskClub raised shares of Automodular Corp from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of Automodular Corp from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 25th. Finally, ValuEngine lowered shares of Automodular Corp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One 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. Automodular Corp currently has an average rating of “Buy” and a consensus price target of C$39.25.
Automodular Corp Company 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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