Acuitas Investments LLC Sells 6,671 Shares of Iteris, Inc. (NASDAQ:ITI)

Acuitas Investments LLC lowered its stake in Iteris, Inc. (NASDAQ:ITI) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,980 shares of the technology company’s stock after selling 6,671 shares during the quarter. Iteris comprises 1.4% of Acuitas Investments LLC’s portfolio, making the stock its 26th biggest holding. Acuitas Investments LLC’s holdings in Iteris were worth $2,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TIAA Trust National Association bought a new stake in Iteris during the 3rd quarter valued at approximately $1,032,000. Whittier Trust Co. raised its stake in Iteris by 9.3% during the 3rd quarter. Whittier Trust Co. now owns 44,602 shares of the technology company’s stock valued at $185,000 after purchasing an additional 3,794 shares during the period. Worth Venture Partners LLC raised its stake in Iteris by 19.1% during the 3rd quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock valued at $1,169,000 after purchasing an additional 45,244 shares during the period. Strs Ohio bought a new stake in Iteris during the 3rd quarter valued at approximately $390,000. Finally, SG Americas Securities LLC grew its holdings in Iteris by 47.0% during the 4th quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company’s stock valued at $96,000 after buying an additional 5,897 shares in the last quarter. Institutional investors own 51.16% of the company’s stock.

Insider Transactions at Iteris

In other news, major shareholder Samjo Management, Llc sold 31,000 shares of Iteris stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $4.93, for a total value of $152,830.00. Following the completion of the transaction, the insider now owns 6,432,800 shares in the company, valued at approximately $31,713,704. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Samjo Management, Llc sold 31,000 shares of Iteris stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $4.93, for a total value of $152,830.00. Following the completion of the transaction, the insider now owns 6,432,800 shares in the company, valued at approximately $31,713,704. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO J. Joseph Bergera sold 13,450 shares of Iteris stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $5.03, for a total value of $67,653.50. Following the completion of the transaction, the chief executive officer now owns 192,238 shares of the company’s stock, valued at approximately $966,957.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,164 shares of company stock worth $662,009. 7.40% of the stock is currently owned by company insiders.

Iteris Stock Down 1.5 %

NASDAQ ITI traded down $0.07 during trading on Wednesday, hitting $4.47. 118,961 shares of the stock traded hands, compared to its average volume of 124,426. The company has a market capitalization of $191.80 million, a P/E ratio of 74.50 and a beta of 0.67. The firm has a 50-day simple moving average of $4.88 and a 200-day simple moving average of $4.70. Iteris, Inc. has a 12-month low of $3.72 and a 12-month high of $5.49.

Iteris (NASDAQ:ITI) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $41.39 million. Iteris had a return on equity of 3.76% and a net margin of 1.45%. As a group, research analysts predict that Iteris, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ITI has been the subject of several research analyst reports. B. Riley raised their price target on Iteris from $6.00 to $8.50 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com cut Iteris from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th.

Iteris Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.