What’s in Itron, Inc. (ITRI) After Achieving 52 Week Low?

May 16, 2018 - By Marguerite Chambers

Itron, Inc. (NASDAQ:ITRI) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.14, from 1.05 in 2017Q3. It improved, as 36 investors sold Itron, Inc. shares while 61 reduced holdings. 44 funds opened positions while 71 raised stakes. 36.05 million shares or 1.74% more from 35.44 million shares in 2017Q3 were reported.
Frontier Capital Mgmt Limited Co stated it has 0.39% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Cwh Cap Mgmt owns 5,179 shares for 0.17% of their portfolio. Moreover, Fmr Ltd Liability Co has 0% invested in Itron, Inc. (NASDAQ:ITRI) for 249,500 shares. Atlantic Tru Grp Ltd stated it has 150 shares. State Of Tennessee Treasury Department has 26,794 shares. Pinebridge L P holds 0.02% in Itron, Inc. (NASDAQ:ITRI) or 12,186 shares. Cwm Ltd Company stated it has 12 shares or 0% of all its holdings. Invesco Limited holds 735,903 shares or 0.02% of its portfolio. Amundi Pioneer Asset Mgmt has invested 0.02% in Itron, Inc. (NASDAQ:ITRI). Highlander Cap Mgmt Ltd Llc accumulated 150 shares or 0.01% of the stock. California-based Fuller & Thaler Asset has invested 0% in Itron, Inc. (NASDAQ:ITRI). Utd Services Automobile Association reported 122,546 shares. The California-based Schwab Charles Investment Inc has invested 0.01% in Itron, Inc. (NASDAQ:ITRI). Panagora Asset Management Inc reported 84,314 shares. Jacobs Levy Equity Management Incorporated holds 0.11% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 93,350 shares.

Since December 11, 2017, it had 2 insider purchases, and 7 selling transactions for $2.08 million activity. On Monday, December 11 the insider Deitrich Thomas sold $824,244. SCOPIA CAPITAL MANAGEMENT LP bought $151,000 worth of stock. $67,729 worth of Itron, Inc. (NASDAQ:ITRI) was sold by CADIEUX MICHEL on Thursday, March 1. Votava Shannon M. sold $476,795 worth of stock or 6,661 shares. MEZEY PHILIP sold $1.09 million worth of Itron, Inc. (NASDAQ:ITRI) on Tuesday, May 1.

The stock of Itron, Inc. (NASDAQ:ITRI) hit a new 52-week low and has $57.72 target or 4.00 % below today’s $60.13 share price. The 9 months bearish chart indicates high risk for the $2.35 billion company. The 1-year low was reported on May, 16 by Barchart.com. If the $57.72 price target is reached, the company will be worth $94.08M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.22% or $2 during the last trading session, reaching $60.125. About 403,255 shares traded or 59.54% up from the average. Itron, Inc. (NASDAQ:ITRI) has risen 12.04% since May 16, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Among 6 analysts covering Itron (NASDAQ:ITRI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Itron had 7 analyst reports since November 29, 2017 according to SRatingsIntel. On Thursday, March 1 the stock rating was maintained by JMP Securities with “Market Outperform”. Canaccord Genuity upgraded the stock to “Buy” rating in Tuesday, February 27 report. The rating was maintained by Guggenheim with “Buy” on Wednesday, April 18. Cowen & Co upgraded the stock to “Outperform” rating in Thursday, March 1 report. On Tuesday, January 2 the stock rating was initiated by Raymond James with “Buy”. JMP Securities maintained it with “Buy” rating and $108.0 target in Monday, March 19 report. The stock of Itron, Inc. (NASDAQ:ITRI) has “Hold” rating given on Wednesday, November 29 by Argus Research.

More notable recent Itron, Inc. (NASDAQ:ITRI) news were published by: Benzinga.com which released: “Earnings Scheduled For May 14, 2018” on May 14, 2018, also Seekingalpha.com with their article: “Itron to deploy and manage 193K smart meters for Mississippi Power” published on May 14, 2018, Businesswire.com published: “Itron to Monitor Electric System in New Zealand” on May 15, 2018. More interesting news about Itron, Inc. (NASDAQ:ITRI) were released by: Seekingalpha.com and their article: “Itron, Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” with publication date: May 15, 2018.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.35 billion. The firm operates through three divisions: Electricity, Gas, and Water. It has a 41.47 P/E ratio. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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