MQS Management LLC Takes Position in Resideo Technologies, Inc. (NYSE:REZI)

MQS Management LLC purchased a new position in shares of Resideo Technologies, Inc. (NYSE:REZI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 12,947 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in REZI. Pacer Advisors Inc. raised its stake in Resideo Technologies by 14.8% during the second quarter. Pacer Advisors Inc. now owns 6,104,301 shares of the company’s stock valued at $119,400,000 after buying an additional 787,934 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Resideo Technologies by 53.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,214,375 shares of the company’s stock valued at $23,753,000 after acquiring an additional 422,730 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Resideo Technologies by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,822,902 shares of the company’s stock valued at $153,015,000 after acquiring an additional 397,864 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Resideo Technologies by 167.2% during the second quarter. Cubist Systematic Strategies LLC now owns 542,409 shares of the company’s stock worth $10,610,000 after purchasing an additional 339,434 shares during the last quarter. Finally, Pembroke Management LTD acquired a new position in Resideo Technologies in the third quarter worth $5,927,000. Institutional investors own 91.71% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI initiated coverage on shares of Resideo Technologies in a report on Friday, August 9th. They set an “outperform” rating and a $25.00 target price on the stock.

Resideo Technologies Stock Performance

Shares of REZI stock opened at $25.37 on Friday. The company has a market cap of $3.73 billion, a P/E ratio of 22.86 and a beta of 2.09. The business has a 50 day moving average of $20.42 and a two-hundred day moving average of $20.38. Resideo Technologies, Inc. has a 52 week low of $16.05 and a 52 week high of $25.63. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.