Rhumbline Advisers boosted its holdings in shares of CalAmp Corp. (NASDAQ:CAMP) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,920 shares of the Wireless communications provider’s stock after buying an additional 5,108 shares during the period. Rhumbline Advisers’ holdings in CalAmp were worth $1,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Stevens Capital Management LP bought a new position in shares of CalAmp during the second quarter valued at $146,000. Meeder Asset Management Inc. bought a new position in shares of CalAmp during the second quarter valued at $69,000. Bbva USA Bancshares Inc. lifted its holdings in shares of CalAmp by 14.3% during the second quarter. Bbva USA Bancshares Inc. now owns 16,883 shares of the Wireless communications provider’s stock valued at $197,000 after acquiring an additional 2,114 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CalAmp during the second quarter valued at $128,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of CalAmp during the second quarter valued at $62,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

A number of research firms recently issued reports on CAMP. Canaccord Genuity set a $24.00 price target on CalAmp and gave the company a “buy” rating in a report on Friday, September 27th. ValuEngine cut CalAmp from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Northland Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of CalAmp in a report on Monday, October 28th. Finally, BidaskClub cut CalAmp from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. CalAmp presently has an average rating of “Hold” and an average target price of $19.25.

CalAmp stock opened at $10.27 on Friday. The firm has a market capitalization of $339.50 million, a P/E ratio of 18.77, a PEG ratio of 3.81 and a beta of 1.96. The business has a 50-day moving average of $10.83 and a 200-day moving average of $11.08. The company has a current ratio of 1.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.06. CalAmp Corp. has a 1 year low of $9.35 and a 1 year high of $19.31.

CalAmp (NASDAQ:CAMP) last released its earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.11. The firm had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $91.50 million. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Research analysts anticipate that CalAmp Corp. will post 0.27 EPS for the current fiscal year.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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