Jefferies Group LLC Grows Holdings in Advanced Energy (NASDAQ:AEIS)

Jefferies Group LLC grew its stake in shares of Advanced Energy (NASDAQ:AEIS) by 206.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,800 shares of the electronics maker’s stock after buying an additional 11,318 shares during the period. Jefferies Group LLC’s holdings in Advanced Energy were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AEIS. Cerebellum GP LLC purchased a new position in shares of Advanced Energy during the 4th quarter valued at about $122,000. Ramsey Quantitative Systems purchased a new position in shares of Advanced Energy during the 4th quarter valued at about $193,000. Macquarie Group Ltd. purchased a new position in shares of Advanced Energy during the 3rd quarter valued at about $202,000. Creative Planning lifted its position in shares of Advanced Energy by 52.4% during the 4th quarter. Creative Planning now owns 3,995 shares of the electronics maker’s stock valued at $270,000 after buying an additional 1,374 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Advanced Energy during the 4th quarter valued at about $281,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.

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NASDAQ AEIS traded down $1.60 during trading hours on Friday, reaching $61.33. The company’s stock had a trading volume of 288,557 shares, compared to its average volume of 391,735. Advanced Energy has a 1 year low of $60.06 and a 1 year high of $95.00. The stock has a market cap of $2,434.56, a PE ratio of 14.50, a P/E/G ratio of 1.43 and a beta of 1.31.

Advanced Energy (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.09. Advanced Energy had a return on equity of 35.06% and a net margin of 20.55%. The company had revenue of $179.21 million for the quarter, compared to analysts’ expectations of $177.07 million. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s revenue was up 32.4% compared to the same quarter last year. sell-side analysts predict that Advanced Energy will post 4.78 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on AEIS. BidaskClub raised Advanced Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised Advanced Energy from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Friday, January 26th. Finally, DA Davidson started coverage on Advanced Energy in a report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.25.

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About Advanced Energy

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

Institutional Ownership by Quarter for Advanced Energy (NASDAQ:AEIS)

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