Connor Clark & Lunn Investment Management Ltd. Acquires 9,888 Shares of Innovative Solutions and Support, Inc. (NASDAQ:ISSC)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,040 shares of the aerospace company’s stock after acquiring an additional 9,888 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.25% of Innovative Solutions and Support worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ISSC. James Investment Research Inc. bought a new position in shares of Innovative Solutions and Support in the third quarter worth about $68,000. Quadrature Capital Ltd purchased a new stake in Innovative Solutions and Support in the 1st quarter valued at about $117,000. Gabelli Funds LLC boosted its position in Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after buying an additional 18,585 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Up 0.3 %

Shares of ISSC stock opened at $7.76 on Friday. Innovative Solutions and Support, Inc. has a twelve month low of $4.91 and a twelve month high of $9.00. The stock has a fifty day simple moving average of $7.17 and a two-hundred day simple moving average of $6.58. The stock has a market capitalization of $135.80 million, a price-to-earnings ratio of 20.97 and a beta of 1.06.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 27th.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.