Isthmus Partners LLC lessened its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,456 shares of the company’s stock after selling 288 shares during the period. Isthmus Partners LLC owned approximately 0.09% of Helios Technologies worth $2,377,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HLIO. Captrust Financial Advisors increased its holdings in shares of Helios Technologies by 119.8% during the first quarter. Captrust Financial Advisors now owns 356 shares of the company’s stock worth $26,000 after buying an additional 194 shares in the last quarter. Logan Capital Management Inc. acquired a new stake in shares of Helios Technologies during the first quarter worth approximately $28,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Helios Technologies during the second quarter worth approximately $37,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Helios Technologies during the first quarter worth approximately $41,000. Finally, Bbva USA acquired a new stake in shares of Helios Technologies during the second quarter worth approximately $81,000. 88.77% of the stock is owned by institutional investors.
In other Helios Technologies news, CFO Tricia L. Fulton sold 1,000 shares of the stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.
Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 9th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.34. Helios Technologies had a net margin of 10.22% and a return on equity of 17.18%. The firm had revenue of $223.40 million for the quarter, compared to analysts’ expectations of $187.17 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 87.3% on a year-over-year basis. As a group, equities analysts forecast that Helios Technologies, Inc. will post 3.82 earnings per share for the current fiscal year.
HLIO has been the topic of several research analyst reports. Robert W. Baird initiated coverage on shares of Helios Technologies in a research note on Thursday, September 2nd. They set a “buy” rating and a $100.00 price target on the stock. Morgan Stanley increased their price target on shares of Helios Technologies from $81.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 12th. Finally, Zacks Investment Research raised shares of Helios Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Friday, August 13th.
Helios Technologies Company Profile
Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.
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