Andalusian Capital Partners Lp Lowers stake in Investment Technology Group (ITG)

Investment Technology Group (ITG) : Andalusian Capital Partners Lp reduced its stake in Investment Technology Group by 13.54% during the most recent quarter end. The investment management company now holds a total of 316,441 shares of Investment Technology Group which is valued at $5.8 Million after selling 49,537 shares in Investment Technology Group , the firm said in a disclosure report filed with the SEC on May 13, 2016.Investment Technology Group makes up approximately 9.34% of Andalusian Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in ITG in the latest quarter, The investment management firm added 2,310 additional shares and now holds a total of 1,561,134 shares of Investment Technology Group which is valued at $28.7 Million. Investment Technology Group makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Shell Asset Management Co reduced its stake in ITG by selling 7,006 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 117,136 shares of ITG which is valued at $2.2 Million. Investment Technology Group makes up approx 0.05% of Shell Asset Management Co’s portfolio. Tfs Capital added ITG to its portfolio by purchasing 14,120 company shares during the most recent quarter which is valued at $259,526. Investment Technology Group makes up approx 0.04% of Tfs Capital’s portfolio. Nine Chapters Capital Management sold out all of its stake in ITG during the most recent quarter. The investment firm sold 61,600 shares of ITG which is valued $1.1 Million. American Century Companies Inc sold out all of its stake in ITG during the most recent quarter. The investment firm sold 261,056 shares of ITG which is valued $4.9 Million.

Investment Technology Group opened for trading at $18.79 and hit $19.13 on the upside on Wednesday, eventually ending the session at $18.87, with a gain of 0.48% or 0.09 points. The heightened volatility saw the trading volume jump to 1,69,566 shares. Company has a market cap of $627 M.

On the company’s financial health, Investment Technology Group reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.06. The company had revenue of $124.66 million for the quarter, compared to analysts expectations of $124.45 million. The company’s revenue was down -16.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Investment Technology Group. Investment Technology Group was Downgraded by JP Morgan to ” Neutral” on Apr 7, 2016.

Investment Technology Group Inc. (ITG) is an independent execution and research broker that partners with global portfolio managers and traders. The Company’s subsidiaries include ITG Inc. AlterNet Securities Inc. (AlterNet) ITG Derivatives LLC (ITG Derivatives) ITG Canada Corp. (ITG Canada) Investment Technology Group Limited (ITG Europe) ITG Australia Limited (ITG Australia) ITG Hong Kong Limited (ITG Hong Kong) ITG Software Solutions Inc. ITG Solutions Network Inc. ITG Investment Research Inc. (ITG Investment Research) and ITG Platforms Inc. Its four operating segments include United States Operations Canadian Operations European Operations and Asia Pacific Operations. These segments offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research sales and trading; platforms and analytics.

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