Empire Capital Management L.l.c. adds CalAmp Corp. (CAMP) to its portfolio

CalAmp Corp. (CAMP) : Empire Capital Management L.l.c. added new position in CalAmp Corp. during the most recent quarter end. The investment management firm now holds 59,000 shares of CalAmp Corp. which is valued at $915,090 , the company said in a statement filed on Aug 15, 2016 with the SEC.CalAmp Corp. makes up approximately 2.71% of Empire Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Jane Street Group sold out all of its stake in CAMP during the most recent quarter. The investment firm sold 14,919 shares of CAMP which is valued $231,394.Great West Life Assurance Co Can boosted its stake in CAMP in the latest quarter, The investment management firm added 43,257 additional shares and now holds a total of 47,257 shares of CalAmp Corp. which is valued at $704,602.Swiss National Bank boosted its stake in CAMP in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 59,500 shares of CalAmp Corp. which is valued at $887,145.California State Teachers Retirement System reduced its stake in CAMP by selling 1,608 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 75,079 shares of CAMP which is valued at $1,119,428. Quadrant Capital Group sold out all of its stake in CAMP during the most recent quarter. The investment firm sold 52 shares of CAMP which is valued $738.

CalAmp Corp. opened for trading at $14.58 and hit $14.84 on the upside on Thursday, eventually ending the session at $14.78, with a gain of 1.37% or 0.2 points. The heightened volatility saw the trading volume jump to 3,12,987 shares. Company has a market cap of $543 M.

On the company’s financial health, CalAmp Corp. reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jun 28, 2016. Analyst had a consensus of $0.21. The company had revenue of $91.10 million for the quarter, compared to analysts expectations of $80.75 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on CalAmp Corp.. Shares were Reiterated by First Analysis Sec on Aug 15, 2016 to “Overweight” and Lowered the Price Target to $ 19 from a previous price target of $21 .Shares were Reiterated by Craig Hallum on Jun 29, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $21 .

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Company’s MRM and M2M solutions collect monitor and report data and intelligence from remote and mobile assets. It delivers products software services and solutions for energy government transportation and automotive vertical markets. The Company’s Satellite segment develops manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.

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