CWA Asset Management Group LLC lessened its stake in shares of Iteris Inc (NYSE:ITI) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,720,511 shares of the company’s stock after selling 76,193 shares during the period. Iteris makes up about 3.4% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 5th largest holding. CWA Asset Management Group LLC owned 5.30% of Iteris worth $10,702,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers bought a new position in Iteris during the 2nd quarter valued at approximately $136,000. Spark Investment Management LLC increased its position in Iteris by 191.3% during the 2nd quarter. Spark Investment Management LLC now owns 30,000 shares of the company’s stock valued at $186,000 after buying an additional 19,700 shares in the last quarter. Trexquant Investment LP bought a new position in Iteris during the 2nd quarter valued at approximately $205,000. CAPROCK Group Inc. bought a new position in Iteris during the 2nd quarter valued at approximately $227,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Iteris during the 2nd quarter valued at approximately $257,000.
Iteris Inc (ITI) traded down 1.11% on Tuesday, reaching $6.25. The company had a trading volume of 224,475 shares. Iteris Inc has a 52 week low of $3.20 and a 52 week high of $6.91. The company’s market capitalization is $203.54 million. The stock’s 50-day moving average is $6.21 and its 200-day moving average is $5.76.
Iteris (NYSE:ITI) last posted its earnings results on Monday, August 7th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $27.18 million during the quarter, compared to analyst estimates of $26.31 million. Iteris had a negative return on equity of 5.53% and a negative net margin of 2.05%. Equities research analysts forecast that Iteris Inc will post ($0.07) EPS for the current fiscal year.
In other Iteris news, insider Thomas N. Blair sold 43,750 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $5.99, for a total transaction of $262,062.50. Following the completion of the sale, the insider now owns 25,000 shares in the company, valued at $149,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas N. Blair sold 17,096 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $6.00, for a total value of $102,576.00. Following the sale, the vice president now owns 25,000 shares of the company’s stock, valued at approximately $150,000. The disclosure for this sale can be found here.
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A number of research analysts recently weighed in on ITI shares. Dougherty & Co started coverage on Iteris in a research report on Tuesday, July 18th. They set a “buy” rating and a $8.00 price objective for the company. Northland Securities set a $8.00 price objective on Iteris and gave the company a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research lowered Iteris from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $9.00 price objective on shares of Iteris in a research report on Wednesday, June 14th.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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