Pointer Telocation (NASDAQ:PNTR) Lowered to Hold at Zacks Investment Research

Pointer Telocation (NASDAQ:PNTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, November 21st.

According to Zacks, “Pointer Telocation Ltd provides range of services to insurance companies and automobile owners, including road-side assistance, vehicle towing, stolen vehicle retrieval, fleet management and other value added services. Pointer Telocation provides services, for the most part, in Israel, through its subsidiary Shagrir and in Argentina and Mexico through its local subsidiaries. “

PNTR has been the subject of a number of other reports. ValuEngine lowered Pointer Telocation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and set a $19.25 price target on shares of Pointer Telocation in a research note on Wednesday, November 8th. Roth Capital lowered Pointer Telocation from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Sunday, November 19th. HC Wainwright set a $18.00 price objective on Pointer Telocation and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, TheStreet raised Pointer Telocation from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.80.

Shares of Pointer Telocation (PNTR) traded up $0.25 during trading on Tuesday, hitting $16.85. The stock had a trading volume of 9,221 shares, compared to its average volume of 33,467. Pointer Telocation has a fifty-two week low of $6.78 and a fifty-two week high of $18.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.13. The firm has a market cap of $136.17, a PE ratio of 15.84 and a beta of 0.73.

Several large investors have recently made changes to their positions in PNTR. Senvest Management LLC bought a new position in Pointer Telocation during the second quarter valued at about $293,000. Renaissance Technologies LLC raised its holdings in Pointer Telocation by 14.1% during the first quarter. Renaissance Technologies LLC now owns 192,100 shares of the communications equipment provider’s stock valued at $1,700,000 after buying an additional 23,800 shares in the last quarter. Macquarie Group Ltd. bought a new position in Pointer Telocation during the third quarter valued at about $354,000. Cavalier Investments LLC bought a new position in Pointer Telocation during the third quarter valued at about $285,000. Finally, Acadian Asset Management LLC raised its holdings in Pointer Telocation by 70.1% during the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock valued at $150,000 after buying an additional 5,327 shares in the last quarter. Institutional investors and hedge funds own 9.22% of the company’s stock.

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About Pointer Telocation

Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.

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