Beutel Goodman & Co Ltd. Purchases New Holdings in eMagin Corporation $EMA

Beutel Goodman & Co Ltd. purchased a new position in eMagin Corporation (NYSE:EMA) in the 3rd quarter, HoldingsChannel reports. The fund purchased 256,268 shares of the company’s stock, valued at approximately $12,277,000.

A number of other large investors have also modified their holdings of EMA. TD Waterhouse Canada Inc. purchased a new position in eMagin in the third quarter valued at $223,735,000. The Manufacturers Life Insurance Company grew its stake in eMagin by 6.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock worth $65,258,000 after purchasing an additional 71,020 shares in the last quarter. Cardinal Capital Management Inc. purchased a new stake in eMagin during the 3rd quarter worth about $10,613,000. Guardian Partners Inc. increased its holdings in eMagin by 4.9% during the 3rd quarter. Guardian Partners Inc. now owns 168,560 shares of the company’s stock worth $8,076,000 after purchasing an additional 7,850 shares during the period. Finally, Rathbones Group PLC increased its holdings in eMagin by 0.3% during the 1st quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock worth $3,043,000 after purchasing an additional 200 shares during the period.

eMagin Stock Performance

Shares of EMA opened at $50.55 on Tuesday. The firm’s fifty day simple moving average is $48.60 and its 200-day simple moving average is $51.18. eMagin Corporation has a twelve month low of $45.27 and a twelve month high of $55.49.

eMagin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a C$0.74 dividend. This represents a $2.96 annualized dividend and a yield of 5.9%. This is a boost from eMagin’s previous quarterly dividend of C$0.73. The ex-dividend date of this dividend is Friday, October 30th.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EMA. Barclays decreased their price objective on eMagin from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Wall Street Zen lowered shares of eMagin from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 31st. Finally, Weiss Ratings upgraded shares of eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.00.

About eMagin