SG Americas Securities LLC Trims Position in Itron, Inc. (ITRI)

SG Americas Securities LLC decreased its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 35.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,051 shares of the scientific and technical instruments company’s stock after selling 5,423 shares during the period. SG Americas Securities LLC’s holdings in Itron were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITRI. PNC Financial Services Group Inc. lifted its position in Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 31 shares in the last quarter. Voya Investment Management LLC lifted its position in Itron by 18.1% during the 2nd quarter. Voya Investment Management LLC now owns 16,089 shares of the scientific and technical instruments company’s stock valued at $1,090,000 after purchasing an additional 2,469 shares during the period. Royal Bank of Canada lifted its position in Itron by 10.9% during the 2nd quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 299 shares during the period. State Street Corp lifted its position in Itron by 5.4% during the 2nd quarter. State Street Corp now owns 839,226 shares of the scientific and technical instruments company’s stock valued at $56,857,000 after purchasing an additional 43,230 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Itron during the 2nd quarter valued at about $243,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

A number of research analysts have issued reports on ITRI shares. Needham & Company LLC restated a “buy” rating and set a $84.00 target price on shares of Itron in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Argus downgraded shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Itron from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Canaccord Genuity restated a “hold” rating and set a $78.00 target price on shares of Itron in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.18.

Shares of Itron, Inc. (ITRI) opened at $68.85 on Tuesday. The firm has a market cap of $2,666.23, a P/E ratio of 25.22, a P/E/G ratio of 1.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. Itron, Inc. has a 52-week low of $57.80 and a 52-week high of $79.95.

In related news, COO Thomas Deitrich sold 11,899 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $69.27, for a total value of $824,243.73. Following the sale, the chief operating officer now directly owns 82,776 shares in the company, valued at approximately $5,733,893.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Scopia Capital Management Lp purchased 75,193 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $67.34 per share, for a total transaction of $5,063,496.62. The disclosure for this purchase can be found here. Insiders purchased a total of 750,261 shares of company stock worth $51,839,736 over the last quarter. 2.03% of the stock is currently owned by corporate insiders.

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Itron Profile

Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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