Segall Bryant & Hamill LLC Sells 94,659 Shares of Frequency Electronics, Inc. $FEIM

Segall Bryant & Hamill LLC lessened its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 30.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 212,115 shares of the communications equipment provider’s stock after selling 94,659 shares during the period. Segall Bryant & Hamill LLC’s holdings in Frequency Electronics were worth $9,388,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FEIM. Invesco Ltd. bought a new position in shares of Frequency Electronics in the fourth quarter worth about $9,446,000. Next Century Growth Investors LLC grew its stake in shares of Frequency Electronics by 200.4% during the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock valued at $11,816,000 after acquiring an additional 146,397 shares during the period. Millennium Management LLC grew its stake in shares of Frequency Electronics by 403.6% during the 3rd quarter. Millennium Management LLC now owns 136,976 shares of the communications equipment provider’s stock valued at $4,645,000 after acquiring an additional 109,776 shares during the period. Two Sigma Investments LP increased its holdings in Frequency Electronics by 179.4% in the 3rd quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock worth $4,737,000 after acquiring an additional 89,698 shares in the last quarter. Finally, UBS Group AG increased its holdings in Frequency Electronics by 63.8% in the 3rd quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock worth $7,065,000 after acquiring an additional 81,165 shares in the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FEIM. Weiss Ratings downgraded shares of Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. Freedom Capital raised shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Frequency Electronics currently has an average rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Stock Performance

NASDAQ FEIM opened at $57.97 on Monday. The stock’s 50 day moving average is $67.20 and its 200 day moving average is $57.71. Frequency Electronics, Inc. has a 12 month low of $24.72 and a 12 month high of $80.51. The stock has a market cap of $572.16 million, a PE ratio of -644.11 and a beta of 0.73.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.76). Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.The business had revenue of $15.40 million during the quarter, compared to the consensus estimate of $18.57 million.

Frequency Electronics Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.