Public Sector Pension investment Board Cuts Position in CalAmp Corp. (CAMP)

Public Sector Pension investment Board decreased its holdings in CalAmp Corp. (NASDAQ:CAMP) by 27.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 18,262 shares of the Wireless communications provider’s stock after selling 6,800 shares during the period. Public Sector Pension investment Board owned approximately 0.05% of CalAmp Corp. worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial For Lutherans raised its holdings in CalAmp Corp. by 0.8% in the first quarter. Thrivent Financial For Lutherans now owns 19,970 shares of the Wireless communications provider’s stock valued at $335,000 after buying an additional 160 shares during the period. Texas Permanent School Fund raised its holdings in CalAmp Corp. by 0.7% in the second quarter. Texas Permanent School Fund now owns 25,808 shares of the Wireless communications provider’s stock valued at $525,000 after buying an additional 170 shares during the period. Mason Street Advisors LLC raised its holdings in CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 341 shares during the period. TIAA CREF Investment Management LLC raised its holdings in CalAmp Corp. by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock valued at $1,958,000 after buying an additional 468 shares during the period. Finally, Comerica Bank raised its holdings in CalAmp Corp. by 2.5% in the first quarter. Comerica Bank now owns 39,553 shares of the Wireless communications provider’s stock valued at $711,000 after buying an additional 946 shares during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.

CalAmp Corp. (NASDAQ:CAMP) last posted its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. The firm had revenue of $89.80 million during the quarter, compared to analyst estimates of $88.72 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis.

Several research analysts recently commented on CAMP shares. Craig Hallum raised their price target on shares of CalAmp Corp. from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 29th. B. Riley reiterated a “buy” rating and set a $28.00 price objective on shares of CalAmp Corp. in a research note on Saturday, July 1st. BidaskClub lowered shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co lowered shares of CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.75.

In related news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Burdiek sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $23.99, for a total value of $215,910.00. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

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About CalAmp Corp.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Institutional Ownership by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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