Itron (ITRI) : Cwh Capital Management added new position in Itron during the most recent quarter end. The investment management firm now holds 4,690 shares of Itron which is valued at $226,105 , the company said in a statement filed on Aug 10, 2016 with the SEC.Itron makes up approximately 0.16% of Cwh Capital Management’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in ITRI in the latest quarter, The investment management firm added 2,691 additional shares and now holds a total of 504,301 shares of Itron which is valued at $24,312,351. Itron makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Gamco Investors Et Al reduced its stake in ITRI by selling 200 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 90,800 shares of ITRI which is valued at $3,928,008. Itron makes up approx 0.03% of Gamco Investors Et Al’s portfolio.Swiss National Bank reduced its stake in ITRI by selling 2,000 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 60,500 shares of ITRI which is valued at $2,575,485.
Itron opened for trading at $47.81 and hit $48.21 on the upside on Friday, eventually ending the session at $48.21, with a gain of 0.71% or 0.34 points. The heightened volatility saw the trading volume jump to 1,58,595 shares. Company has a market cap of $1,844 M.
On the company’s financial health, Itron reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.32. The company had revenue of $498.00 million for the quarter, compared to analysts expectations of $450.23 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 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.