Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Pointer Telocation Ltd (NASDAQ:PNTR) by 18.1% during the third quarter, HoldingsChannel.com reports. The firm owned 457,288 shares of the communications equipment provider’s stock after purchasing an additional 70,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 0.06% of Pointer Telocation worth $5,945,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. First Wilshire Securities Management Inc. raised its position in Pointer Telocation by 37.2% in the second quarter. First Wilshire Securities Management Inc. now owns 18,246 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 4,946 shares during the period. Royal Bank of Canada raised its position in Pointer Telocation by 2,955.2% in the first quarter. Royal Bank of Canada now owns 18,331 shares of the communications equipment provider’s stock worth $267,000 after acquiring an additional 17,731 shares during the period. B. Riley Financial Inc. bought a new position in Pointer Telocation in the second quarter worth approximately $389,000. Cannell Capital LLC bought a new position in Pointer Telocation in the second quarter worth approximately $1,739,000. Finally, Delek Group Ltd. raised its position in Pointer Telocation by 22.8% in the second quarter. Delek Group Ltd. now owns 175,746 shares of the communications equipment provider’s stock worth $2,109,000 after acquiring an additional 32,666 shares during the period. Institutional investors own 19.96% of the company’s stock.
Several research analysts have weighed in on PNTR shares. ValuEngine downgraded shares of Pointer Telocation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 11th. Roth Capital set a $17.00 price target on shares of Pointer Telocation and gave the stock a “buy” rating in a research report on Wednesday, August 15th. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Pointer Telocation in a research report on Thursday, August 16th. Finally, Zacks Investment Research upgraded shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.75.
PNTR opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.31 and a current ratio of 1.61. Pointer Telocation Ltd has a 1-year low of $10.25 and a 1-year high of $19.65. The company has a market capitalization of $92.79 million, a price-to-earnings ratio of 10.85 and a beta of 0.91.
Pointer Telocation (NASDAQ:PNTR) last released its quarterly earnings results on Wednesday, August 15th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Pointer Telocation had a net margin of 20.93% and a return on equity of 14.66%. The business had revenue of $19.74 million for the quarter, compared to the consensus estimate of $20.74 million. On average, equities analysts anticipate that Pointer Telocation Ltd will post 1.1 EPS for the current year.
Pointer Telocation Company Profile
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.
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