King Luther Capital Management Corp Boosts Position in Helios Technologies, Inc. (NASDAQ:HLIO)

King Luther Capital Management Corp boosted its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 69,738 shares of the company’s stock after buying an additional 2,831 shares during the period. King Luther Capital Management Corp owned approximately 0.21% of Helios Technologies worth $3,330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Isthmus Partners LLC raised its stake in shares of Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after purchasing an additional 670 shares during the period. Innealta Capital LLC purchased a new stake in shares of Helios Technologies during the second quarter valued at approximately $35,000. Canada Pension Plan Investment Board purchased a new stake in shares of Helios Technologies during the second quarter valued at approximately $110,000. EntryPoint Capital LLC purchased a new stake in shares of Helios Technologies during the first quarter valued at approximately $133,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Helios Technologies during the second quarter valued at approximately $138,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies Stock Down 3.1 %

Shares of NASDAQ:HLIO opened at $44.28 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $43.54 and a 200 day simple moving average of $45.67. The firm has a market cap of $1.47 billion, a PE ratio of 44.28 and a beta of 0.83. Helios Technologies, Inc. has a 12-month low of $37.50 and a 12-month high of $55.80.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, equities research analysts anticipate that Helios Technologies, Inc. will post 2.38 EPS for the current fiscal year.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.