Financial Consulate Inc Lowers stake in Itron (ITRI)

Itron (ITRI) : Financial Consulate Inc reduced its stake in Itron by 7.24% during the most recent quarter end. The investment management company now holds a total of 63,084 shares of Itron which is valued at $2,764,972 after selling 4,925 shares in Itron , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Itron makes up approximately 2.05% of Financial Consulate Inc’s portfolio.

Other Hedge Funds, Including , Shinko Asset Management Ltd. reduced its stake in ITRI by selling 572 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 7,676 shares of ITRI which is valued at $336,439.Eagle Boston Investment Management Inc boosted its stake in ITRI in the latest quarter, The investment management firm added 5,010 additional shares and now holds a total of 193,625 shares of Itron which is valued at $8,546,608. Itron makes up approx 1.12% of Eagle Boston Investment Management Inc’s portfolio. Fox Run Management L.l.c. added ITRI to its portfolio by purchasing 13,900 company shares during the most recent quarter which is valued at $613,546. Itron makes up approx 0.28% of Fox Run Management L.l.c.’s portfolio.

Itron closed down -0.05 points or -0.12% at $42.69 with 1,68,714 shares getting traded on Friday. Post opening the session at $42.47, the shares hit an intraday low of $41.585 and an intraday high of $43.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Itron reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.74. The company had revenue of $490.40 million for the quarter, compared to analysts expectations of $486.56 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 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.

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