State of Wisconsin Investment Board lowered its holdings in CalAmp Corp. (NASDAQ:CAMP) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,000 shares of the Wireless communications provider’s stock after selling 9,324 shares during the period. State of Wisconsin Investment Board owned approximately 0.69% of CalAmp Corp. worth $5,719,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of CalAmp Corp. by 101.3% in the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 2,659 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of CalAmp Corp. by 77.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock valued at $141,000 after acquiring an additional 3,021 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of CalAmp Corp. in the 2nd quarter valued at about $205,000. BNP Paribas Arbitrage SA raised its holdings in shares of CalAmp Corp. by 58.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 3,979 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of CalAmp Corp. in the 1st quarter valued at about $193,000. 71.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $23.99, for a total transaction of $215,910.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimberly Alexy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the transaction, the director now directly owns 64,729 shares in the company, valued at $1,464,169.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,833 shares of company stock worth $1,216,660. 5.30% of the stock is currently owned by insiders.
CalAmp Corp. (NASDAQ CAMP) opened at $21.68 on Monday. The firm has a market capitalization of $771.84, a PE ratio of 24.36 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81. CalAmp Corp. has a 1-year low of $14.12 and a 1-year high of $24.68.
CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. CalAmp Corp.’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. research analysts anticipate that CalAmp Corp. will post 0.95 earnings per share for the current year.
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Several research firms have weighed in on CAMP. TheStreet raised CalAmp Corp. from a “c” rating to a “b” rating in a report on Friday, September 29th. Zacks Investment Research cut CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a report on Wednesday, October 4th. J P Morgan Chase & Co cut CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of CalAmp Corp. in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.14.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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