EXFO Inc (EXFO) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of EXFO Inc (NASDAQ:EXFO) (TSE:EXF) by 11.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537,890 shares of the communications equipment provider’s stock after buying an additional 162,510 shares during the period. Renaissance Technologies LLC owned about 2.82% of EXFO worth $7,997,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EXFO. TD Asset Management Inc. acquired a new position in shares of EXFO during the first quarter worth about $1,105,000. Acadian Asset Management LLC boosted its position in shares of EXFO by 1,114.1% in the first quarter. Acadian Asset Management LLC now owns 86,200 shares of the communications equipment provider’s stock worth $451,000 after buying an additional 79,100 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of EXFO by 20.7% in the first quarter. Hillsdale Investment Management Inc. now owns 187,000 shares of the communications equipment provider’s stock valued at $980,000 after buying an additional 32,100 shares during the last quarter. Institutional investors and hedge funds own 16.65% of the company’s stock.

EXFO Inc (NASDAQ:EXFO) opened at 4.15 on Friday. EXFO Inc has a 12-month low of $3.14 and a 12-month high of $6.15. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $4.98. The company has a market cap of $227.02 million, a P/E ratio of 103.75 and a beta of 0.55.

EXFO (NASDAQ:EXFO) (TSE:EXF) last issued its earnings results on Thursday, June 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.06. The firm had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $61.61 million. EXFO had a return on equity of 2.76% and a net margin of 0.93%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year.

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Several equities research analysts have commented on EXFO shares. Zacks Investment Research upgraded shares of EXFO from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. National Bank Financial started coverage on shares of EXFO in a report on Thursday, April 20th. They set a “sector perform” rating and a $5.50 target price for the company. Canaccord Genuity restated a “hold” rating and set a $5.75 target price on shares of EXFO in a report on Tuesday, May 2nd. Royal Bank Of Canada reduced their target price on shares of EXFO from $5.50 to $5.25 and set a “sector perform” rating for the company in a report on Friday, June 30th. Finally, Northland Securities set a $6.00 price objective on shares of EXFO and gave the stock a “buy” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $5.63.

EXFO Company Profile

EXFO Inc is a Canada-based company, which provides communications service providers (CSPs) and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It focuses on network infrastructures: fourth generation (4G)/long-term evolution (LTE), wireless backhaul, small cells and distributed antenna systems (DAS), 100G network upgrades and fiber-to-the-home (FTTH)/fiber-to-the-curb (FTTC)/fiber-to-the-node (FTTN) deployments.

Institutional Ownership by Quarter for EXFO (NASDAQ:EXFO)

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