Larson Financial Group LLC Purchases New Holdings in Iteris, Inc. (NASDAQ:ITI)

Larson Financial Group LLC purchased a new stake in Iteris, Inc. (NASDAQ:ITI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 36,000 shares of the technology company’s stock, valued at approximately $257,000. Larson Financial Group LLC owned approximately 0.08% of Iteris at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Iteris by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock worth $12,125,000 after purchasing an additional 41,618 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of Iteris by 13.3% during the 2nd quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock worth $7,045,000 after buying an additional 191,511 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Iteris by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock worth $4,779,000 after buying an additional 43,493 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Iteris by 3.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 515,381 shares of the technology company’s stock worth $2,232,000 after buying an additional 18,289 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Iteris by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company’s stock worth $1,628,000 after buying an additional 73,300 shares during the last quarter. 51.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ITI shares. Maxim Group restated a “hold” rating on shares of Iteris in a report on Monday, August 12th. B. Riley reiterated a “neutral” rating and issued a $7.20 target price (down previously from $8.00) on shares of Iteris in a report on Wednesday, August 21st. StockNews.com assumed coverage on shares of Iteris in a report on Sunday. They issued a “buy” rating for the company. Finally, Northland Capmk downgraded shares of Iteris from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th.

Iteris Price Performance

NASDAQ:ITI opened at $7.19 on Thursday. The company has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $5.94. The company has a market cap of $307.88 million, a price-to-earnings ratio of 239.75 and a beta of 0.87. Iteris, Inc. has a 52 week low of $4.00 and a 52 week high of $7.20.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.