AlarmCom Hldg Inc (ALRM) : Evanson Asset Management added new position in AlarmCom Hldg Inc during the most recent quarter end. The investment management firm now holds 291,600 shares of AlarmCom Hldg Inc which is valued at $8,275,608 , the company said in a statement filed on Jul 19, 2016 with the SEC.AlarmCom Hldg Inc makes up approximately 2.42% of Evanson Asset Management’s portfolio.
Other Hedge Funds, Including , Acadian Asset Management added ALRM to its portfolio by purchasing 6,434 company shares during the most recent quarter which is valued at $182,597. Cutler Group Lp sold out all of its stake in ALRM during the most recent quarter. The investment firm sold 3,422 shares of ALRM which is valued $95,576.Creative Planning boosted its stake in ALRM in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 600 shares of AlarmCom Hldg Inc which is valued at $16,758. Ct Financial Advisors added ALRM to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $5,430. Bnp Paribas Arbitrage Sa added ALRM to its portfolio by purchasing 408 company shares during the most recent quarter which is valued at $11,077.
AlarmCom Hldg Inc opened for trading at $28.18 and hit $28.46 on the upside on Wednesday, eventually ending the session at $28.38, with a gain of 1.10% or 0.31 points. The heightened volatility saw the trading volume jump to 55,808 shares. Company has a market cap of $1,294 M.
On the company’s financial health, AlarmCom Hldg Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.11. The company had revenue of $59.00 million for the quarter, compared to analysts expectations of $53.83 million. The company’s revenue was up 28.3% compared to the same quarter last year.
Many Wall Street Analysts have commented on AlarmCom Hldg Inc. First Analysis Sec Initiated AlarmCom Hldg Inc on Jul 8, 2016 to “Overweight”, Price Target of the shares are set at $32.Imperial Capital Downgraded AlarmCom Hldg Inc on Jun 21, 2016 to ” In-line”, Price Target of the shares are set at $24.50.BB&T Capital Mkts Initiated AlarmCom Hldg Inc on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $27.
Alarm.com Holdings Inc. is a platform solution for the connected home. The Company through its cloud-based services makes connected home technology accessible to millions of home and business owners. The Company’s multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single intuitive user interface. The Company offers four primary solutions which include interactive security intelligent automation video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers which include service provider portal installation and support business management and sales marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware including cellular communication modules image sensor video cameras and smart thermostat.