Greenwood Capital Associates LLC purchased a new stake in shares of MiX Telematics Ltd – (NYSE:MIXT) in the 1st quarter, HoldingsChannel reports. The firm purchased 11,279 shares of the technology company’s stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nkcfo LLC purchased a new stake in MiX Telematics during the first quarter valued at about $33,000. Mackenzie Financial Corp boosted its position in MiX Telematics by 5.3% during the fourth quarter. Mackenzie Financial Corp now owns 63,721 shares of the technology company’s stock valued at $997,000 after buying an additional 3,218 shares during the period. Raymond James & Associates boosted its position in MiX Telematics by 41.2% during the fourth quarter. Raymond James & Associates now owns 17,785 shares of the technology company’s stock valued at $278,000 after buying an additional 5,190 shares during the period. Dimensional Fund Advisors LP boosted its position in MiX Telematics by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,383 shares of the technology company’s stock valued at $1,724,000 after buying an additional 6,346 shares during the period. Finally, Advisor Group Inc. boosted its position in MiX Telematics by 392.9% during the fourth quarter. Advisor Group Inc. now owns 8,892 shares of the technology company’s stock valued at $139,000 after buying an additional 7,088 shares during the period. Institutional investors and hedge funds own 38.52% of the company’s stock.
Several research firms have issued reports on MIXT. Zacks Investment Research lowered shares of MiX Telematics from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. ValuEngine downgraded shares of MiX Telematics from a “buy” rating to a “hold” rating in a research note on Monday, March 25th.
Shares of NYSE:MIXT opened at $17.08 on Friday. The stock has a market cap of $385.67 million, a PE ratio of 29.45, a PEG ratio of 0.86 and a beta of 0.75. MiX Telematics Ltd – has a 12 month low of $13.01 and a 12 month high of $21.00.
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MiX Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.
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