Lombard Odier Cie (canada) Limited Partnership Lowers stake in FLIR Systems (FLIR)

FLIR Systems (FLIR) : Lombard Odier Cie (canada) Limited Partnership reduced its stake in FLIR Systems by 15.47% during the most recent quarter end. The investment management company now holds a total of 28,150 shares of FLIR Systems which is valued at $870,398 after selling 5,150 shares in FLIR Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.FLIR Systems makes up approximately 2.91% of Lombard Odier Cie (canada) Limited Partnership’s portfolio.

Other Hedge Funds, Including , Lombard Odier Transatlantic Limited Partnership boosted its stake in FLIR in the latest quarter, The investment management firm added 13,940 additional shares and now holds a total of 88,220 shares of FLIR Systems which is valued at $2,727,762. FLIR Systems makes up approx 2.73% of Lombard Odier Transatlantic Limited Partnership’s portfolio.Weitz Investment Management reduced its stake in FLIR by selling 90,865 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 953,930 shares of FLIR which is valued at $29,495,516. FLIR Systems makes up approx 1.05% of Weitz Investment Management’s portfolio.Calvert Investment Management boosted its stake in FLIR in the latest quarter, The investment management firm added 109,601 additional shares and now holds a total of 116,058 shares of FLIR Systems which is valued at $3,690,644. FLIR Systems makes up approx 0.18% of Calvert Investment Management’s portfolio.Tarbox Group boosted its stake in FLIR in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 36 shares of FLIR Systems which is valued at $1,173.Signaturefd boosted its stake in FLIR in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 82 shares of FLIR Systems which is valued at $2,672.

FLIR Systems opened for trading at $30.77 and hit $30.91 on the upside on Thursday, eventually ending the session at $30.86, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 4,67,188 shares. Company has a market cap of $4,236 M.

On the company’s financial health, FLIR Systems reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $402.73 million for the quarter, compared to analysts expectations of $402.77 million. The company’s revenue was up 2.5% 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 FLIR Systems. FLIR Systems was Downgraded by Raymond James to ” Outperform” on Jul 25, 2016.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

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