Smith Graham Investment Advisors Lp buys $7,617,963 stake in Itron (ITRI)

Itron (ITRI) : Smith Graham Investment Advisors Lp scooped up 4,030 additional shares in Itron during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 139,319 shares of Itron which is valued at $7,617,963.Itron makes up approximately 0.99% of Smith Graham Investment Advisors Lp’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc boosted its stake in ITRI in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 195,165 shares of Itron which is valued at $10,780,915. Itron makes up approx 1.40% of Eagle Boston Investment Management Inc’s portfolio. Fox Run Management L.l.c. sold out all of its stake in ITRI during the most recent quarter. The investment firm sold 13,900 shares of ITRI which is valued $767,836.Legal General Group Plc boosted its stake in ITRI in the latest quarter, The investment management firm added 23,047 additional shares and now holds a total of 31,691 shares of Itron which is valued at $1,750,611.Simplex Trading reduced its stake in ITRI by selling 58 shares or 33.92% in the most recent quarter. The Hedge Fund company now holds 113 shares of ITRI which is valued at $6,363.

Itron closed down -0.89 points or -1.60% at $54.68 with 2,63,257 shares getting traded on Friday. Post opening the session at $55.77, the shares hit an intraday low of $54.22 and an intraday high of $55.8161 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Itron reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Sep 1, 2016. Analyst had a consensus of $0.44. The company had revenue of $513.02 million for the quarter, compared to analysts expectations of $477.66 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.39 EPS.

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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