UBS Asset Management Americas Inc. Grows Stake in CalAmp Corp. (NASDAQ:CAMP)

UBS Asset Management Americas Inc. raised its stake in CalAmp Corp. (NASDAQ:CAMP) by 125.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 33,540 shares of the Wireless communications provider’s stock after acquiring an additional 18,640 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in CalAmp were worth $392,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in CalAmp in the second quarter valued at about $62,000. Meeder Asset Management Inc. purchased a new position in CalAmp in the second quarter valued at about $69,000. US Bancorp DE raised its position in CalAmp by 19.2% in the second quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 1,611 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CalAmp in the second quarter valued at about $128,000. Finally, Stevens Capital Management LP purchased a new position in CalAmp in the second quarter valued at about $146,000. 77.09% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the company. BidaskClub raised CalAmp from a “sell” rating to a “hold” rating in a research report on Wednesday. Northland Securities set a $20.00 target price on CalAmp and gave the stock a “buy” rating in a research report on Friday, September 27th. TheStreet lowered CalAmp from a “c” rating to a “d+” rating in a research report on Thursday, June 27th. Canaccord Genuity set a $24.00 target price on CalAmp and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, ValuEngine raised CalAmp from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.25.

Shares of NASDAQ CAMP traded up $0.03 during midday trading on Friday, reaching $11.10. 238,105 shares of the company’s stock were exchanged, compared to its average volume of 444,032. CalAmp Corp. has a 52-week low of $9.35 and a 52-week high of $20.79. The stock has a market capitalization of $377.71 million, a PE ratio of 20.89, a price-to-earnings-growth ratio of 4.24 and a beta of 1.99. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.36 and a current ratio of 1.59. The business’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $11.36.

CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. The business had revenue of $93.20 million for the quarter, compared to analyst estimates of $91.50 million. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that CalAmp Corp. will post 0.27 earnings per share for the current fiscal year.

CalAmp Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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