Legal & General Group Plc Acquires 23546 Shares of Hawaiian Electric Industries, Inc. (HE)

Acadian Asset Management LLC lifted its holdings in Hawaiian Electric Industries by 53.8% during the 2nd quarter. Acadian Asset Management LLC …

Hawaiian Electric Industries logoLegal & General Group Plc increased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278,390 shares of the utilities provider’s stock after acquiring an additional 23,546 shares during the period. Legal & General Group Plc owned about 0.26% of Hawaiian Electric Industries worth $9,549,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Hawaiian Electric Industries by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,227,642 shares of the utilities provider’s stock valued at $42,206,000 after purchasing an additional 316,249 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Hawaiian Electric Industries by 53.8% during the 2nd quarter. Acadian Asset Management LLC now owns 866,108 shares of the utilities provider’s stock valued at $29,707,000 after purchasing an additional 303,136 shares during the last quarter. BlackRock Inc. lifted its holdings in Hawaiian Electric Industries by 2.8% during the 1st quarter. BlackRock Inc. now owns 9,360,275 shares of the utilities provider’s stock valued at $321,806,000 after purchasing an additional 258,820 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Hawaiian Electric Industries by 89.1% during the 1st quarter. Prudential Financial Inc. now owns 513,467 shares of the utilities provider’s stock valued at $17,653,000 after purchasing an additional 242,000 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Hawaiian Electric Industries by 4.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,061,380 shares of the utilities provider’s stock valued at $105,249,000 after purchasing an additional 137,280 shares during the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

HE has been the subject of several analyst reports. Bank of America raised shares of Hawaiian Electric Industries from an “underperform” rating to a “neutral” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co lifted their price target on shares of Hawaiian Electric Industries from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

Shares of NYSE HE traded up $0.01 during trading on Monday, reaching $36.05. The company had a trading volume of 438,100 shares, compared to its average volume of 448,418. Hawaiian Electric Industries, Inc. has a 52 week low of $31.72 and a 52 week high of $38.72. The company has a market cap of $3.88 billion, a PE ratio of 21.86, a P/E/G ratio of 2.86 and a beta of 0.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.85.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Friday, August 3rd. The utilities provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Hawaiian Electric Industries had a net margin of 6.78% and a return on equity of 9.28%. The company had revenue of $685.28 million during the quarter, compared to the consensus estimate of $637.52 million. As a group, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Tuesday, August 21st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Monday, August 20th. Hawaiian Electric Industries’s dividend payout ratio is presently 75.15%.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company’s Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels.

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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VC allocations not growing proportionately with surge in deep tech startups, says SGInnovate’s …

In a previous interview with DealStreetAsia, Vishal Harnal, Partner at 500 Startups called deep tech “one of the most underrated investment …
October 9, 2018

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Venture capital portfolios are not growing proportionately with the rising number of deep tech startups in Singapore, says Steve Leonard, CEO of SGInnovate. This may lead to companies getting left out, even if some of them have good investment potential.

Leonard noted that while funding rounds have grown bigger, the capital may not be filtering down to the seed level, where most of the deep tech firms are.

“There’s tons of money at Series A and B, and that’s where you get the big boys like the Vertexes and more established funds. But if you take a look at the other VCs in town, they have a lot of other things that they’re investing in. The question is – how much room do you have left in your fund for some of these things called deep tech?” asked Leonard.

A large number of new deep tech firms are expected to enter the market.

In September, the National University of Singapore (NUS) committed $18.18 million to launch 250 deep tech startups in Singapore. Entrepreneur First has also committed to launching over 20 deep tech companies a year.

Some of the more active VCs in SEA deep tech include Silicon Valley’s 500 Startups and Wavemaker Partners.

In a previous interview with DealStreetAsia, Vishal Harnal, Partner at 500 Startups called deep tech “one of the most underrated investment opportunities in Asia”, citing verticals like biomedical, communications, space and robotics with the greatest potential.

It is not just in Singapore that deep tech is generating investor interest. Earlier this year, Vietnam-based Innovatube Fund launched a $5-million fund focusing on frontier technology like AI, IoT, blockchain and AR/VR in Southeast Asia. The fund has so far invested in one company based in Thailand.

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BlackRock Inc. Invests $3.41 Million in WillScot Corp (NASDAQ:WSC)

BlackRock Inc. acquired a new position in WillScot Corp (NASDAQ:WSC) in the 1st quarter, according to its most recent 13F filing with the Securities …

WillScot logoBlackRock Inc. acquired a new position in WillScot Corp (NASDAQ:WSC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 249,946 shares of the company’s stock, valued at approximately $3,412,000. BlackRock Inc. owned approximately 0.30% of WillScot at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp purchased a new position in WillScot in the first quarter valued at $567,000. Wells Fargo & Company MN acquired a new position in WillScot in the 4th quarter valued at about $600,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in WillScot in the 1st quarter valued at about $1,520,000. Hedge funds and other institutional investors own 37.15% of the company’s stock.

WSC has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of WillScot from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. ValuEngine raised shares of WillScot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Jefferies Financial Group assumed coverage on shares of WillScot in a research note on Monday, July 9th. They set a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of WillScot in a research report on Friday. They issued an “outperform” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.50.

Shares of WSC opened at $16.00 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.50 billion and a PE ratio of -4.13. WillScot Corp has a 52-week low of $9.45 and a 52-week high of $17.70.

WillScot (NASDAQ:WSC) last posted its earnings results on Tuesday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $140.33 million for the quarter, compared to analysts’ expectations of $144.55 million. equities research analysts forecast that WillScot Corp will post 0.07 EPS for the current fiscal year.

WillScot Profile

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.

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Institutional Ownership by Quarter for WillScot (NASDAQ:WSC)

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ConforMIS Inc (CFMS) Shares Bought by BlackRock Inc.

BlackRock Inc. lifted its stake in ConforMIS Inc (NASDAQ:CFMS) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and …

ConforMIS logoBlackRock Inc. lifted its stake in ConforMIS Inc (NASDAQ:CFMS) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,398,722 shares of the medical instruments supplier’s stock after purchasing an additional 61,539 shares during the period. BlackRock Inc. owned 3.94% of ConforMIS worth $3,478,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CFMS. Two Sigma Investments LP acquired a new stake in ConforMIS in the 4th quarter valued at approximately $130,000. Schwab Charles Investment Management Inc. raised its position in ConforMIS by 93.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 140,943 shares of the medical instruments supplier’s stock valued at $205,000 after buying an additional 68,000 shares during the last quarter. Deutsche Bank AG raised its position in ConforMIS by 43.5% in the 4th quarter. Deutsche Bank AG now owns 120,849 shares of the medical instruments supplier’s stock valued at $286,000 after buying an additional 36,634 shares during the last quarter. Northern Trust Corp raised its position in ConforMIS by 20.2% in the 1st quarter. Northern Trust Corp now owns 538,985 shares of the medical instruments supplier’s stock valued at $782,000 after buying an additional 90,447 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in ConforMIS by 627.0% in the 4th quarter. Renaissance Technologies LLC now owns 346,800 shares of the medical instruments supplier’s stock valued at $825,000 after buying an additional 299,100 shares during the last quarter. Hedge funds and other institutional investors own 42.60% of the company’s stock.

CFMS has been the topic of several recent analyst reports. ValuEngine raised ConforMIS from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. BTIG Research reaffirmed a “buy” rating and set a $3.00 price target on shares of ConforMIS in a research report on Thursday, May 3rd. Oppenheimer set a $4.00 price target on ConforMIS and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised ConforMIS from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Wednesday, June 20th. Finally, SunTrust Banks reiterated a “buy” rating on shares of ConforMIS in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $3.25.

CFMS opened at $0.91 on Friday. The firm has a market capitalization of $61.28 million, a P/E ratio of -0.73 and a beta of 0.90. ConforMIS Inc has a 1 year low of $0.88 and a 1 year high of $4.17. The company has a quick ratio of 4.15, a current ratio of 4.77 and a debt-to-equity ratio of 0.60.

ConforMIS (NASDAQ:CFMS) last released its quarterly earnings results on Friday, August 3rd. The medical instruments supplier reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.03). The firm had revenue of $19.10 million during the quarter, compared to the consensus estimate of $19.52 million. ConforMIS had a negative net margin of 64.66% and a negative return on equity of 94.69%. research analysts expect that ConforMIS Inc will post -0.83 EPS for the current fiscal year.

ConforMIS Company Profile

ConforMIS, Inc, a medical technology company, develops, manufactures, and sells joint replacement implants. The company offers customized knee replacement products, including iTotal CR, a cruciate-retaining product; iTotal PS, a posterior cruciate ligament substituting product; iDuo, a customized bicompartmental knee replacement system; and iUni, a customized unicompartmental knee replacement product to treat the medial or lateral compartment of the knee.

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Institutional Ownership by Quarter for ConforMIS (NASDAQ:CFMS)

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Amalgamated Bank Increases Position in Healthequity Inc (HQY)

WINTON GROUP Ltd bought a new stake in shares of Healthequity in the first quarter worth about $206,000. Finally, Parametrica Management Ltd …

Healthequity logoAmalgamated Bank lifted its position in Healthequity Inc (NASDAQ:HQY) by 21.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,792 shares of the company’s stock after purchasing an additional 1,534 shares during the quarter. Amalgamated Bank’s holdings in Healthequity were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HQY. Citigroup Inc. increased its holdings in shares of Healthequity by 414.4% in the first quarter. Citigroup Inc. now owns 2,639 shares of the company’s stock worth $160,000 after purchasing an additional 2,126 shares during the last quarter. Cim LLC bought a new stake in shares of Healthequity in the second quarter worth about $204,000. M&T Bank Corp bought a new stake in shares of Healthequity in the first quarter worth about $206,000. WINTON GROUP Ltd bought a new stake in shares of Healthequity in the first quarter worth about $206,000. Finally, Parametrica Management Ltd bought a new stake in shares of Healthequity in the first quarter worth about $220,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

In other Healthequity news, VP Darcy G. Mott sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $73.93, for a total transaction of $702,335.00. Following the completion of the transaction, the vice president now owns 111,500 shares in the company, valued at $8,243,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Medici sold 6,904 shares of the business’s stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $80.40, for a total value of $555,081.60. Following the transaction, the director now owns 17,649 shares of the company’s stock, valued at approximately $1,418,979.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,100 shares of company stock valued at $4,457,965. 4.00% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on HQY. KeyCorp lifted their target price on Healthequity from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research raised Healthequity from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $68.00 target price (up from $65.00) on shares of Healthequity in a report on Monday, June 4th. ValuEngine upgraded Healthequity from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 22nd. Finally, SunTrust Banks lifted their price target on Healthequity from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.73.

HQY opened at $87.05 on Friday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 161.78, a P/E/G ratio of 3.43 and a beta of 1.37. Healthequity Inc has a 12 month low of $40.21 and a 12 month high of $88.30.

Healthequity (NASDAQ:HQY) last released its quarterly earnings results on Monday, June 4th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.09. The company had revenue of $69.90 million during the quarter, compared to analyst estimates of $68.81 million. Healthequity had a return on equity of 13.47% and a net margin of 22.91%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. analysts expect that Healthequity Inc will post 0.72 EPS for the current year.

About Healthequity

HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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Institutional Ownership by Quarter for Healthequity (NASDAQ:HQY)

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