Applied Optoelect Cm (NASDAQ:AAOI).
Schwab Charles Investment Management Inc reports that it raised its stake in Applied Optoelect Cm by 65,526 shares in its quarterly SEC filing. Its stake was worth $6,676,000 an increase of 186.5% as of quarter end.
The following firms have recently changed their position in AAOI. Goldman Sachs Group Inc trimmed its ownership by shedding 23,457 shares a decrease of 35.9%. Goldman Sachs Group Inc controls 41,900 shares worth $2,710,000. The value of the position overall is down by 32.9%. As of the end of the quarter Tiaa Cref Investment Management LLC had disposed of 3,948 shares trimming its stake by 7.5%. The value of the total investment in Applied Optoelect Cm went from $3,256,000 to $3,153,000 a change of 3.2% quarter over quarter.
Kennedy Capital Management, Inc. reduced its stake by selling 62,122 shares a decrease of 51.7% as of 09/30/2017. Kennedy Capital Management, Inc. now holds 58,032 shares valued at $3,753,000. The total value of its holdings decreased 49.4%.
Equity analyst DA Davidson lowered the price target on November 8 changing the price objective from $0.00 to $69.00 with a rating of “Buy”. Needham & Company LLC lowered the price target on November 8 cutting the projection from $75.00 to $50.00 and issued a “Strong-Buy” rating.
On October 15 analysts at BWS Financial issued a report on AAOI stating a rating of “Sell” and establishing a price target of $25.00. Equity analyst Northland Securities updated guidance on AAOI and giving a rating of “Sell” and setting a price target of $40.00.
October 13 investment analysts at Piper Jaffray Companies held the stock rating at “Buy” projecting a price of $63.00. On October 13 Cowen and Company held the company rating at “Outperform” targeting a price of $81.00.
In the market the company is trading down by 0.68% percent from yesterday’s close. Applied Optoelect Cm currently has a P/E ratio of 10.77 and market capitalization is 873.94M. In the latest earnings report the EPS was $4.19 with 19.38M shares presently outstanding.
Traders are more bearish on the company lately as shown by the rise in short interest. The firm recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 0.63%. Short interest grew from 13,079,825 to 13,162,794 over that period. Days to cover increased 1.0 to 5.0 and the percentage of shorted shares is 0.68% as of October 13.