Praesidium Investment Management Company Lowers stake in Advanced Energy Industries (AEIS)

Advanced Energy Industries (AEIS) : Praesidium Investment Management Company reduced its stake in Advanced Energy Industries by 2.82% during the most recent quarter end. The investment management company now holds a total of 1,925,562 shares of Advanced Energy Industries which is valued at $98,762,075 after selling 55,969 shares in Advanced Energy Industries , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Advanced Energy Industries makes up approximately 8.10% of Praesidium Investment Management Company’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in AEIS by selling 200 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 172,807 shares of AEIS which is valued at $8,903,017. Advanced Energy Industries makes up approx 0.04% of Two Sigma Advisers Lp’s portfolio. Stevens Capital Management Lp sold out all of its stake in AEIS during the most recent quarter. The investment firm sold 16,311 shares of AEIS which is valued $806,090.Bbva Compass Bancshares Inc boosted its stake in AEIS in the latest quarter, The investment management firm added 5,272 additional shares and now holds a total of 13,159 shares of Advanced Energy Industries which is valued at $650,318. Advanced Energy Industries makes up approx 0.05% of Bbva Compass Bancshares Inc’s portfolio.

Advanced Energy Industries opened for trading at $54.32 and hit $54.39 on the upside on Monday, eventually ending the session at $54.34, with a gain of 0.48% or 0.26 points. The heightened volatility saw the trading volume jump to 3,51,838 shares. Company has a market cap of $2,157 M.

On the company’s financial health, Advanced Energy Industries reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.75. The company had revenue of $126.55 million for the quarter, compared to analysts expectations of $118.92 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Advanced Energy Industries. Company shares were Reiterated by Dougherty & Company on Oct 27, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $46 .Citigroup Initiated Advanced Energy Industries on Oct 12, 2016 to “Neutral”, Price Target of the shares are set at $50.

Advanced Energy Industries Inc. is a provider of highly-engineered mission-critical precision power conversion measurement and control solutions. The Company is engaged in designing manufacturing selling and supporting its power conversion products and solutions that transform power into various usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement. It also provides repair and maintenance services for all of its products. The Company is organized into two segments: Precision Power Products (Precision Power) and Inverters. The Precision Power segment serves OEMs and end customers in the semiconductor flat panel display solar panel and other industrial capital equipment markets. The Inverters segment focuses on commercial and utility-scale solar projects and installations selling primarily to distributors Engineering Procurement and Construction contractors (EPCs) developers and utility companies.

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