Gilder Gagnon Howe Co buys $12,320,975 stake in ITI Inc (ITCI)

ITI Inc (ITCI) : Gilder Gagnon Howe Co scooped up 9,620 additional shares in ITI Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 300,952 shares of ITI Inc which is valued at $12,320,975.ITI Inc makes up approximately 0.23% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc sold out all of its stake in ITCI during the most recent quarter. The investment firm sold 3,574 shares of ITCI which is valued $147,606. Atwood Palmer Inc added ITCI to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $8,260. Fox Run Management L.l.c. added ITCI to its portfolio by purchasing 8,200 company shares during the most recent quarter which is valued at $331,936. ITI Inc makes up approx 0.15% of Fox Run Management L.l.c.’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in ITCI by selling 1,450 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 33,500 shares of ITCI which is valued at $1,332,295. ITI Inc makes up approx 0.25% of Franklin Street Advisors Inc Nc’s portfolio.

ITI Inc closed down -0.16 points or -0.39% at $40.78 with 3,37,500 shares getting traded on Thursday. Post opening the session at $41.3, the shares hit an intraday low of $40.6 and an intraday high of $41.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, ITI Inc reported $-0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.79. The company had revenue of $.23 million for the quarter, compared to analysts expectations of $.02 million. The company’s revenue was up 283.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.61 EPS.

Many Wall Street Analysts have commented on ITI Inc. ITI Inc was Initiated by Piper Jaffray to “Overweight” on Jun 2, 2016.

ITI Inc. is a United States-based company. The Company is a subsidiary of Intra-Cellular Therapies Inc.

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