Cooper Creek Partners Management adds Applied Optoelectronics Inc (AAOI) to its portfolio

Applied Optoelectronics Inc (AAOI) : Cooper Creek Partners Management added new position in Applied Optoelectronics Inc during the most recent quarter end. The investment management firm now holds 550,861 shares of Applied Optoelectronics Inc which is valued at $7,717,563 , the company said in a statement filed on Aug 15, 2016 with the SEC.Applied Optoelectronics Inc makes up approximately 4.67% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 237 shares of AAOI which is valued $3,320.Portolan Capital Management reduced its stake in AAOI by selling 187,199 shares or 34.56% in the most recent quarter. The Hedge Fund company now holds 354,480 shares of AAOI which is valued at $4,966,265. Applied Optoelectronics Inc makes up approx 0.66% of Portolan Capital Management’s portfolio. Nine Chapters Capital Management sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 18,500 shares of AAOI which is valued $264,365. Eam Investors sold out all of its stake in AAOI during the most recent quarter. The investment firm sold 154,824 shares of AAOI which is valued $2,289,847. Signia Capital Management added AAOI to its portfolio by purchasing 149,224 company shares during the most recent quarter which is valued at $1,830,978. Applied Optoelectronics Inc makes up approx 5.39% of Signia Capital Management’s portfolio.

Applied Optoelectronics Inc opened for trading at $16.94 and hit $17.45 on the upside on Thursday, eventually ending the session at $17.14, with a gain of 1.72% or 0.29 points. The heightened volatility saw the trading volume jump to 2,59,890 shares. Company has a market cap of $294 M.

On the company’s financial health, Applied Optoelectronics Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $55.30 million for the quarter, compared to analysts expectations of $50.84 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Applied Optoelectronics Inc. is a vertically integrated provider of fiber-optic networking products primarily for three networking end-markets: Internet data center cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration from components subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land Texas Ningbo China and Taipei Taiwan. It designs manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.

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