Monashee Investment Management adds MTS Systems Corporation (MTSC) to its portfolio

MTS Systems Corporation (MTSC) : Monashee Investment Management added new position in MTS Systems Corporation during the most recent quarter end. The investment management firm now holds 145,000 shares of MTS Systems Corporation which is valued at $6,752,650 , the company said in a statement filed on Aug 2, 2016 with the SEC.MTS Systems Corporation makes up approximately 10.33% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c added MTSC to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $37,256.Lucus Advisors reduced its stake in MTSC by selling 606 shares or 7.1% in the most recent quarter. The Hedge Fund company now holds 7,927 shares of MTSC which is valued at $377,959. MTS Systems Corporation makes up approx 0.29% of Lucus Advisors’s portfolio.Ls Investment Advisors boosted its stake in MTSC in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 588 shares of MTS Systems Corporation which is valued at $27,219.

MTS Systems Corporation opened for trading at $46.99 and hit $47.66 on the upside on Monday, eventually ending the session at $47.4, with a gain of 0.38% or 0.18 points. The heightened volatility saw the trading volume jump to 1,10,852 shares. Company has a market cap of $699 M.

On the company’s financial health, MTS Systems Corporation reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.66. The company had revenue of $157.70 million for the quarter, compared to analysts expectations of $146.30 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Investors should note that on Jul 28, 2016, MTS Systems Corporation announced a cash dividend of $0.3000. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Oct 3, 2016.

Many Wall Street Analysts have commented on MTS Systems Corporation. MTS Systems Corporation was Initiated by JP Morgan to “Overweight” on Jun 23, 2016. Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $80 .

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware software and services solutions help customers improve their design development and manufacturing processes and are used for determining the mechanical behavior of materials products and structures. Test also sells a range of accessories and spare parts as well as services including installation calibration maintenance training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines steel mills fluid power oil and gas medical wood product processing equipment mobile equipment and energy.

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