Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,186 shares of the industrial products company’s stock after selling 15,951 shares during the period. Mackenzie Financial Corp owned approximately 0.11% of Hollysys Automation Technologies worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HOLI. Qube Research & Technologies Ltd increased its holdings in shares of Hollysys Automation Technologies by 164.3% in the third quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock valued at $6,153,000 after purchasing an additional 192,785 shares during the period. Maso Capital Partners Ltd increased its holdings in shares of Hollysys Automation Technologies by 15.1% in the third quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company’s stock valued at $20,948,000 after purchasing an additional 138,259 shares during the period. Prescott Group Capital Management L.L.C. increased its holdings in shares of Hollysys Automation Technologies by 20.6% in the third quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company’s stock valued at $5,767,000 after purchasing an additional 49,666 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hollysys Automation Technologies by 1.5% in the third quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock valued at $45,622,000 after purchasing an additional 32,999 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at about $832,000. 78.67% of the stock is owned by institutional investors and hedge funds.

Hollysys Automation Technologies Stock Down 0.4 %

Shares of HOLI opened at $24.40 on Wednesday. Hollysys Automation Technologies Ltd. has a 52 week low of $15.13 and a 52 week high of $27.25. The company has a quick ratio of 2.70, a current ratio of 2.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 18.21 and a beta of 0.53. The stock’s 50-day moving average price is $25.49 and its 200-day moving average price is $24.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%. The firm had revenue of $223.72 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Hollysys Automation Technologies in a report on Wednesday. They issued a “buy” rating on the stock.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.