Financial Consulate Inc Lowers stake in Itron (ITRI)

Itron (ITRI) : Financial Consulate Inc reduced its stake in Itron by 5.57% during the most recent quarter end. The investment management company now holds a total of 68,009 shares of Itron which is valued at $2,724,441 after selling 4,014 shares in Itron , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Itron makes up approximately 1.85% of Financial Consulate Inc’s portfolio.

Itron opened for trading at $39.94 and hit $40.5 on the upside on Monday, eventually ending the session at $40.18, with a gain of 0.30% or 0.12 points. The heightened volatility saw the trading volume jump to 1,53,770 shares. Company has a market cap of $1,523 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in ITRI by selling 640 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 11,336 shares of ITRI which is valued at $454,120. Itron makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eqis Capital Management reduced its stake in ITRI by selling 132 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 5,918 shares of ITRI which is valued at $236,247. Itron makes up approx 0.02% of Eqis Capital Management’s portfolio.Eagle Boston Investment Management Inc boosted its stake in ITRI in the latest quarter, The investment management firm added 5,358 additional shares and now holds a total of 188,615 shares of Itron which is valued at $7,529,511. Itron makes up approx 1.06% of Eagle Boston Investment Management Inc’s portfolio.Private Asset Management Inc reduced its stake in ITRI by selling 4,008 shares or 4.95% in the most recent quarter. The Hedge Fund company now holds 77,005 shares of ITRI which is valued at $3,074,040. Itron makes up approx 0.56% of Private Asset Management Inc’s portfolio.

On the company’s financial health, Itron reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.74. The company had revenue of $490.40 million for the quarter, compared to analysts expectations of $486.56 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Itron. Argus Upgraded Itron on Mar 3, 2016 to ” Buy”, Price Target of the shares are set at $48.

Itron Inc. (Itron) is a technology and service company offering metering solutions to electric natural gas and water utilities around the world. The Company provides solutions that measure manage and analyze energy and water use. The Company operates in three segments: Electricity which is the is the supplier of electricity metering solutions including standard meters and advanced and smart metering systems; Gas which is the supplier of gas metering solutions including standard meters and advanced and smart metering systems and Water which is the supplier of standard and advanced water meters and communication modules. Its applications include residential and commercial industrial markets for water and heat. Its services include licensing meter data management and analytics software managed services software-as-service (hosted software) technical support services licensing hardware technology and consulting services.

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