Larson Financial Group LLC Purchases New Position in Iteris, Inc. (NASDAQ:ITI)

Larson Financial Group LLC purchased a new stake in Iteris, Inc. (NASDAQ:ITI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,000 shares of the technology company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITI. Jacobs Levy Equity Management Inc. purchased a new stake in Iteris in the first quarter valued at $1,270,000. Private Management Group Inc. increased its stake in Iteris by 13.3% in the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after purchasing an additional 191,511 shares during the period. Acuitas Investments LLC increased its stake in Iteris by 155.2% in the second quarter. Acuitas Investments LLC now owns 270,534 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 164,539 shares during the period. Wolverine Asset Management LLC acquired a new position in Iteris in the third quarter valued at $751,000. Finally, Renaissance Technologies LLC increased its stake in Iteris by 24.2% in the second quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 73,300 shares during the period. 51.16% of the stock is owned by hedge funds and other institutional investors.

Iteris Price Performance

Shares of Iteris stock opened at $7.19 on Thursday. Iteris, Inc. has a 52-week low of $4.00 and a 52-week high of $7.20. The company’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $5.94. The firm has a market cap of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com assumed coverage on shares of Iteris in a research note on Sunday. They issued a “buy” rating on the stock. B. Riley restated a “neutral” rating and issued a $7.20 price objective (down from $8.00) on shares of Iteris in a research note on Wednesday, August 21st. Maxim Group reiterated a “hold” rating on shares of Iteris in a research note on Monday, August 12th. Finally, Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.