Tanaka Capital Management Inc Lowers stake in OSI Systems (OSIS)

OSI Systems (OSIS) : Tanaka Capital Management Inc reduced its stake in OSI Systems by 38.02% during the most recent quarter end. The investment management company now holds a total of 14,122 shares of OSI Systems which is valued at $867,938 after selling 8,663 shares in OSI Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.OSI Systems makes up approximately 2.11% of Tanaka Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management reduced its stake in OSIS by selling 749 shares or 7.82% in the most recent quarter. The Hedge Fund company now holds 8,831 shares of OSIS which is valued at $542,753.Group One Trading reduced its stake in OSIS by selling 11,647 shares or 20.99% in the most recent quarter. The Hedge Fund company now holds 43,833 shares of OSIS which is valued at $2,693,976. OSI Systems makes up approx 0.23% of Group One Trading’s portfolio.Credit Suisse Ag reduced its stake in OSIS by selling 77,210 shares or 15.71% in the most recent quarter. The Hedge Fund company now holds 414,311 shares of OSIS which is valued at $25,463,554. OSI Systems makes up approx 0.03% of Credit Suisse Ag’s portfolio. Huntington National Bank added OSIS to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $962.Shell Asset Management Co reduced its stake in OSIS by selling 1,387 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 24,329 shares of OSIS which is valued at $1,462,173. OSI Systems makes up approx 0.03% of Shell Asset Management Co’s portfolio.

OSI Systems closed down -0.07 points or -0.10% at $67.01 with 100,260 shares getting traded on Wednesday. Post opening the session at $67.2704, the shares hit an intraday low of $66.89 and an intraday high of $68.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, OSI Systems reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.52. The company had revenue of $221.47 million for the quarter, compared to analysts expectations of $232.32 million. The company’s revenue was down -16.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on OSI Systems. Company shares were Reiterated by The Benchmark Company on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .The Benchmark Company Upgraded OSI Systems on Jun 21, 2016 to ” Buy”, Price Target of the shares are set at $65.OSI Systems was Initiated by CJS Securities to “Market Outperform” on Jun 14, 2016.

OSI Systems Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets including homeland security healthcare defense and aerospace. The Company has three operating divisions: Security Healthcare and Optoelectronics and Manufacturing. Security provides security and inspection systems turn-key security screening solutions and related services. Healthcare provides patient monitoring diagnostic cardiology and anesthesia systems. Optoelectronics and Manufacturing provides specialized electronic components for the Security and Healthcare divisions as well as for applications in the defense aerospace medical and industrial markets.

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