The Allied Motion Technologies Inc. (AMOT) Shares Sold by Wall Street Associates

The Allied Motion Technologies Inc. (AMOT) Shares Sold by Wall Street Associates

Wall Street Associates cut its position in shares of Allied Motion Technologies Inc. (NASDAQ:AMOT) by 46.3% during the fourth quarter, Holdings Channel reports. The firm owned 51,788 shares of the company’s stock after selling 44,712 shares during the period. Wall Street Associates owned approximately 0.55% of Allied Motion Technologies worth $1,108,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMOT. The Manufacturers Life Insurance Company acquired a new stake in Allied Motion Technologies during the third quarter worth about $100,000. Nationwide Fund Advisors increased its stake in Allied Motion Technologies by 9.3% in the second quarter. Nationwide Fund Advisors now owns 4,372 shares of the company’s stock worth $102,000 after buying an additional 371 shares during the period. Pitcairn Co. acquired a new stake in Allied Motion Technologies during the second quarter worth about $222,000. California State Teachers Retirement System increased its stake in Allied Motion Technologies by 0.8% in the third quarter. California State Teachers Retirement System now owns 13,059 shares of the company’s stock worth $247,000 after buying an additional 100 shares during the period. Finally, Credit Suisse AG acquired a new stake in Allied Motion Technologies during the third quarter worth about $256,000. Institutional investors own 38.41% of the company’s stock.

Allied Motion Technologies Inc. (NASDAQ:AMOT) traded down 1.90% during trading on Thursday, hitting $20.68. 10,855 shares of the company traded hands. The stock has a 50-day moving average price of $22.11 and a 200-day moving average price of $21.18. The firm has a market capitalization of $193.79 million, a P/E ratio of 23.21 and a beta of 2.03. Allied Motion Technologies Inc. has a 12-month low of $15.46 and a 12-month high of $24.60.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.05. The company earned $61.04 million during the quarter, compared to analysts’ expectations of $66.04 million. Allied Motion Technologies had a return on equity of 11.83% and a net margin of 3.43%. Equities analysts expect that Allied Motion Technologies Inc. will post $1.00 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th.

About Allied Motion Technologies

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

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