4,298 Shares in Allied Motion Technologies, Inc. (AMOT) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,298 shares of the technology company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also made changes to their positions in AMOT. MetLife Investment Advisors LLC bought a new position in shares of Allied Motion Technologies during the first quarter worth approximately $130,000. Prudential Financial Inc. bought a new position in shares of Allied Motion Technologies during the first quarter worth approximately $207,000. Highbridge Capital Management LLC bought a new position in shares of Allied Motion Technologies during the first quarter worth approximately $215,000. Peapack Gladstone Financial Corp bought a new position in shares of Allied Motion Technologies during the second quarter worth approximately $215,000. Finally, Citadel Advisors LLC bought a new position in shares of Allied Motion Technologies during the first quarter worth approximately $216,000. 47.64% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the stock. BidaskClub cut shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 10th.

Shares of AMOT opened at $47.76 on Tuesday. Allied Motion Technologies, Inc. has a 12 month low of $26.25 and a 12 month high of $55.47. The company has a market cap of $515.73 million, a PE ratio of 39.15, a price-to-earnings-growth ratio of 4.66 and a beta of 2.13. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%. The company had revenue of $79.98 million for the quarter. As a group, equities analysts predict that Allied Motion Technologies, Inc. will post 1.67 EPS for the current year.

About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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Institutional Ownership by Quarter for Allied Motion Technologies (NASDAQ:AMOT)

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