Barclays PLC Boosts Holdings in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Barclays PLC raised its holdings in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Free Report) by 151.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,011 shares of the industrial products company's stock after purchasing an additional 33,711 shares during the quarter. Barclays PLC owned 0.09% of Hollysys Automation Technologies worth $970,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Crystalline Management Inc. purchased a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth about $345,000. Mackenzie Financial Corp purchased a new stake in shares of Hollysys Automation Technologies during the 1st quarter worth about $1,632,000. Diametric Capital LP boosted its stake in shares of Hollysys Automation Technologies by 84.1% during the 4th quarter. Diametric Capital LP now owns 21,365 shares of the industrial products company's stock worth $351,000 after acquiring an additional 9,757 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Hollysys Automation Technologies by 2.7% during the 4th quarter. Schroder Investment Management Group now owns 2,613,686 shares of the industrial products company's stock worth $42,943,000 after acquiring an additional 68,441 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in shares of Hollysys Automation Technologies by 9.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 240,999 shares of the industrial products company's stock worth $3,960,000 after acquiring an additional 20,500 shares in the last quarter. 60.53% of the stock is owned by hedge funds and other institutional investors.

HOLI opened at $17.74 on Wednesday. Hollysys Automation Technologies Ltd. has a twelve month low of $13.70 and a twelve month high of $20.43. The company has a quick ratio of 2.79, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $17.25 and a 200 day moving average price of $16.99. The company has a market cap of $1.09 billion, a PE ratio of 10.25 and a beta of 0.64.

Separately, StockNews.com initiated coverage on shares of Hollysys Automation Technologies in a research note on Thursday, August 17th. They set a "buy" rating on the stock.

Get Our Latest Stock Analysis on HOLI

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

Want to see what other hedge funds are holding HOLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Hollysys Automation Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hollysys Automation Technologies wasn't on the list.

While Hollysys Automation Technologies currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.