BlueMountain Capital Management LLC Has $774,000 Holdings in Advanced Energy Industries, Inc. (AEIS)

BlueMountain Capital Management LLC lowered its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 90.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,318 shares of the electronics maker’s stock after selling 132,176 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Advanced Energy Industries were worth $774,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Advanced Energy Industries by 5.5% in the second quarter. BlackRock Inc. now owns 5,639,384 shares of the electronics maker’s stock worth $327,592,000 after buying an additional 293,718 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Energy Industries by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,386 shares of the electronics maker’s stock worth $64,386,000 after buying an additional 22,118 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Advanced Energy Industries by 1.6% in the first quarter. Earnest Partners LLC now owns 1,002,855 shares of the electronics maker’s stock worth $64,082,000 after buying an additional 15,873 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Advanced Energy Industries by 0.9% in the first quarter. Principal Financial Group Inc. now owns 651,524 shares of the electronics maker’s stock worth $41,632,000 after buying an additional 5,673 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Advanced Energy Industries by 134.4% in the second quarter. Royce & Associates LP now owns 651,212 shares of the electronics maker’s stock worth $37,829,000 after buying an additional 373,409 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $59.32, for a total value of $497,754.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Friday, May 25th. Stifel Nicolaus reduced their price target on shares of Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, August 1st. Zacks Investment Research cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. DA Davidson reduced their price target on shares of Advanced Energy Industries to $90.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. Finally, Cowen restated a “buy” rating and issued a $76.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Advanced Energy Industries currently has an average rating of “Hold” and an average target price of $76.83.

Shares of AEIS opened at $53.69 on Monday. Advanced Energy Industries, Inc. has a fifty-two week low of $51.94 and a fifty-two week high of $95.00. The firm has a market capitalization of $2.04 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, July 30th. The electronics maker reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.10). Advanced Energy Industries had a return on equity of 33.40% and a net margin of 19.68%. The business had revenue of $196.00 million during the quarter, compared to the consensus estimate of $199.60 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. analysts forecast that Advanced Energy Industries, Inc. will post 4.47 EPS for the current fiscal year.

About Advanced Energy Industries

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.

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

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