Balter Liquid Alternatives buys $3,056,547 stake in OSI Systems (OSIS)

OSI Systems (OSIS) : Balter Liquid Alternatives scooped up 1,283 additional shares in OSI Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 39,981 shares of OSI Systems which is valued at $3,056,547.OSI Systems makes up approximately 7.00% of Balter Liquid Alternatives’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp added OSIS to its portfolio by purchasing 46,000 company shares during the most recent quarter which is valued at $3,516,700. OSI Systems makes up approx 0.02% of Royce Associates Lp’s portfolio.Diam Ltd. reduced its stake in OSIS by selling 3,323 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 33,833 shares of OSIS which is valued at $2,295,907. OSI Systems makes up approx 0.04% of Diam Ltd.’s portfolio. Ifp Advisors Inc added OSIS to its portfolio by purchasing 125 company shares during the most recent quarter which is valued at $8,273.

OSI Systems opened for trading at $75.4 and hit $75.82 on the upside on Monday, eventually ending the session at $75.51, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 1,30,157 shares. Company has a market cap of $1,440 M.

On the company’s financial health, OSI Systems reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.34. The company had revenue of $220.05 million for the quarter, compared to analysts expectations of $188.05 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on OSI Systems. OSI Systems was Initiated by Drexel Hamilton to “Buy” on Nov 16, 2016. Company shares were Reiterated by The Benchmark Company on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .

OSI Systems Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets including homeland security healthcare defense and aerospace. The Company has three operating divisions: Security Healthcare and Optoelectronics and Manufacturing. Security provides security and inspection systems turn-key security screening solutions and related services. Healthcare provides patient monitoring diagnostic cardiology and anesthesia systems. Optoelectronics and Manufacturing provides specialized electronic components for the Security and Healthcare divisions as well as for applications in the defense aerospace medical and industrial markets.

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