The stock of Itron, Inc. (NASDAQ:ITRI) is a huge mover today! About 1.43 million shares traded hands or 520.62% up from the average. Itron, Inc. (NASDAQ:ITRI) has risen 23.98% since April 1, 2016 and is uptrending. It has outperformed by 22.77% the S&P500.
The move comes after 5 months positive chart setup for the $2.17 billion company. It was reported on Nov, 3 by Barchart.com. We have $84.69 PT which if reached, will make NASDAQ:ITRI worth $911.40M more.
Itron, Inc. (NASDAQ:ITRI) Ratings Coverage
Out of 5 analysts covering Itron Inc. (NASDAQ:ITRI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Itron Inc. has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Perform” rating by Oppenheimer on Friday, September 11. The firm has “” rating given on Tuesday, January 12 by Wedbush. The firm earned “Hold” rating on Wednesday, October 7 by Gabelli. Canaccord Genuity maintained the stock with “Hold” rating in Friday, August 7 report. Canaccord Genuity upgraded the stock to “Buy” rating in Monday, October 19 report.
According to Zacks Investment Research, “Itron, Inc. provides integrated system solutions for collecting, communicating, analyzing and managing information about energy and water usage. They design, develop, manufacture, market, install and service hardware, software and integrated systems. Their expertise is in providing communications technologies and data management products for automatic meter reading and advanced data collection systems, which systems also include commercial and industrial meter data collection systems, and complex billing and settlement systems for the wholesale energy markets.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.27, from 1.13 in 2016Q1. The ratio turned negative, as 13 funds sold all Itron, Inc. shares owned while 67 reduced positions. 23 funds bought stakes while 46 increased positions. They now own 36.20 million shares or 1.14% less from 36.61 million shares in 2016Q1.
Alpha Windward Limited Liability Corp holds 9,660 shares or 0.3% of its portfolio. Wells Fargo And Mn, a California-based fund reported 13,766 shares. Driehaus Management Ltd Limited Liability Company reported 28,655 shares or 0.04% of all its holdings. First Republic Inv last reported 0% of its portfolio in the stock. Eqis Capital Inc holds 5,912 shares or 0.02% of its portfolio. Ubs Asset Mngmt Americas Inc accumulated 0.04% or 744,760 shares. Employees Retirement Association Of Colorado holds 8,391 shares or 0% of its portfolio. Fincl Consulate last reported 2.08% of its portfolio in the stock. Capstone Asset Management, a Texas-based fund reported 11,586 shares. Blackrock Fund last reported 0.02% of its portfolio in the stock. Essex Invest Mngmt Limited Liability Corp has 0.18% invested in the company for 24,399 shares. Gabelli Funds Limited Liability Corporation accumulated 0.02% or 68,000 shares. Thrivent Fin For Lutherans has 0% invested in the company for 18,330 shares. Deutsche Financial Bank Ag accumulated 0.01% or 217,850 shares. Gam Hldg Ag, a Switzerland-based fund reported 15,400 shares.
Insider Transactions: Since June 6, 2016, the stock had 1 insider purchase, and 5 sales for $4.03 million net activity. Shares for $90,000 were sold by ELIASSEN JON E on Monday, June 6. On Monday, October 10 GLANVILLE THOMAS S sold $69,269 worth of the stock or 1,226 shares. Another trade for 418 shares valued at $22,216 was sold by Schmitz William Mark. SCOPIA CAPITAL MANAGEMENT LP bought 83,303 shares worth $4.48 million.
More news for Itron, Inc. (NASDAQ:ITRI) were recently published by: Nasdaq.com, which released: “Itron Inc. Q3 Profit Rises 76%” on November 02, 2016. Rttnews.com‘s article titled: “Itron Inc. (ITRI) Has Surged To A New High After Q3 Profit Topped Expectations” and published on November 03, 2016 is yet another important article.
ITRI Company Profile
Itron, Inc. (Itron), incorporated on December 1, 1977, is a technology and service company. The Firm provides solutions that measure, manage, and analyze energy and water use. The Firm operates through three divisions: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas, and water utility clients across the globe. It offers solutions that enable electric and natural gas utilities to build smart grids to manage assets. The Company’s solutions include standard meters and smart metering products, metering systems, and services. It offers product portfolio for applications in the residential and commercial industrial markets for water and heat. The Firm operates under the Itron brand across the world. The Company’s Gas and Water manufacturing facilities are located throughout the world, while its Electricity manufacturing facilities are located in Europe, Middle East and Africa (EMEA), and North America.
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