Geode Capital Management LLC Raises Stake in Frequency Electronics, Inc. (NASDAQ:FEIM)

Geode Capital Management LLC grew its holdings in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 26.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,451 shares of the communications equipment provider’s stock after acquiring an additional 19,259 shares during the quarter. Geode Capital Management LLC owned 0.97% of Frequency Electronics worth $1,117,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Frequency Electronics during the 3rd quarter valued at $153,000. XTX Topco Ltd bought a new position in shares of Frequency Electronics during the third quarter valued at about $189,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after purchasing an additional 23,009 shares during the period. Evernest Financial Advisors LLC bought a new stake in shares of Frequency Electronics in the third quarter worth about $124,000. Finally, Dimensional Fund Advisors LP increased its holdings in Frequency Electronics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after purchasing an additional 1,847 shares during the period. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th.

Frequency Electronics Stock Up 0.4 %

Shares of FEIM stock opened at $17.67 on Friday. The stock has a fifty day moving average of $15.45 and a 200 day moving average of $13.22. The firm has a market capitalization of $169.83 million, a price-to-earnings ratio of 21.55 and a beta of 0.41. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.