Icon Advisers Inc. Co. lowered its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the Wireless communications provider’s stock after selling 9,000 shares during the period. Icon Advisers Inc. Co.’s holdings in CalAmp were worth $214,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its stake in shares of CalAmp by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after purchasing an additional 468 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of CalAmp by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after purchasing an additional 1,390 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of CalAmp by 21.0% during the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after purchasing an additional 2,740 shares in the last quarter. Cadence Capital Management LLC grew its stake in shares of CalAmp by 5.1% during the third quarter. Cadence Capital Management LLC now owns 94,444 shares of the Wireless communications provider’s stock worth $2,196,000 after purchasing an additional 4,564 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of CalAmp by 60.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock worth $308,000 after purchasing an additional 5,020 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

In other news, SVP Garo Sarkis Sarkissian sold 3,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $22.00, for a total transaction of $66,000.00. Following the completion of the sale, the senior vice president now owns 195,289 shares in the company, valued at $4,296,358. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.68, for a total transaction of $195,120.00. Following the sale, the chief executive officer now owns 492,434 shares of the company’s stock, valued at approximately $10,675,969.12. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $408,520 in the last 90 days. 5.30% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of CalAmp in a research note on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and set a $27.00 target price on shares of CalAmp in a research note on Thursday, December 21st. Zacks Investment Research downgraded shares of CalAmp from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Roth Capital began coverage on shares of CalAmp in a research note on Friday, February 2nd. They set a “buy” rating and a $28.00 target price for the company. Finally, ValuEngine downgraded shares of CalAmp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.00.

CalAmp Corp. (CAMP) opened at $23.30 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 2.76 and a debt-to-equity ratio of 0.76. CalAmp Corp. has a 12 month low of $15.23 and a 12 month high of $25.45. The stock has a market cap of $832.55, a price-to-earnings ratio of 23.85 and a beta of 1.73.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, December 21st. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The company had revenue of $93.67 million during the quarter, compared to the consensus estimate of $91.10 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. CalAmp’s revenue for the quarter was up 12.4% on a year-over-year basis. equities research analysts forecast that CalAmp Corp. will post 0.92 EPS for the current fiscal year.

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CalAmp Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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