River & Mercantile Asset Management LLP Acquires Shares of 117,934 CyberOptics Co. (NASDAQ:CYBE)

River & Mercantile Asset Management LLP acquired a new stake in shares of CyberOptics Co. (NASDAQ:CYBE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 117,934 shares of the scientific and technical instruments company’s stock, valued at approximately $1,914,000. River & Mercantile Asset Management LLP owned approximately 1.65% of CyberOptics at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CYBE. Punch & Associates Investment Management Inc. lifted its stake in CyberOptics by 14.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 115,568 shares of the scientific and technical instruments company’s stock valued at $1,976,000 after buying an additional 14,692 shares in the last quarter. Marshall Wace LLP purchased a new stake in CyberOptics during the first quarter valued at about $282,000. Marshall Wace North America L.P. purchased a new stake in CyberOptics during the first quarter valued at about $74,000. Municipal Employees Retirement System of Michigan purchased a new stake in CyberOptics during the second quarter valued at about $388,000. Finally, Acadian Asset Management LLC lifted its stake in CyberOptics by 727.4% during the second quarter. Acadian Asset Management LLC now owns 9,556 shares of the scientific and technical instruments company’s stock valued at $156,000 after buying an additional 8,401 shares in the last quarter. 60.35% of the stock is owned by institutional investors.

Shares of NASDAQ CYBE traded down $0.07 during mid-day trading on Wednesday, reaching $13.82. The company had a trading volume of 310 shares, compared to its average volume of 36,080. The stock has a fifty day moving average of $14.36 and a two-hundred day moving average of $15.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 4.46. The company has a market capitalization of $99.73 million, a price-to-earnings ratio of 35.44, a PEG ratio of 38.81 and a beta of 0.09. CyberOptics Co. has a 12-month low of $11.55 and a 12-month high of $22.61.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $15.04 million during the quarter. CyberOptics had a net margin of 4.97% and a return on equity of 5.69%. Sell-side analysts forecast that CyberOptics Co. will post 0.03 earnings per share for the current fiscal year.

A number of analysts have commented on CYBE shares. Lake Street Capital reaffirmed a “buy” rating and set a $18.00 price objective (down from $25.00) on shares of CyberOptics in a research note on Wednesday, July 3rd. ValuEngine raised shares of CyberOptics from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of CyberOptics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

Further Reading: Overbought

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Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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