Pekin Hardy Strauss Inc. Sells 14,437 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Pekin Hardy Strauss Inc. reduced its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 226,684 shares of the industrial products company’s stock after selling 14,437 shares during the period. Ituran Location and Control makes up 0.9% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 25th biggest position. Pekin Hardy Strauss Inc.’s holdings in Ituran Location and Control were worth $7,061,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of Ituran Location and Control by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 392 shares during the last quarter. Blue Trust Inc. lifted its stake in Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 598 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Ituran Location and Control by 20.3% in the fourth quarter. CWA Asset Management Group LLC now owns 12,708 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 2,144 shares during the last quarter. DGS Capital Management LLC lifted its stake in Ituran Location and Control by 14.8% in the third quarter. DGS Capital Management LLC now owns 19,030 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 2,460 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Ituran Location and Control in the fourth quarter worth $117,000. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Stock Down 0.4 %

Ituran Location and Control stock opened at $41.52 on Friday. The company has a market capitalization of $826.00 million, a PE ratio of 15.91 and a beta of 1.15. The firm has a fifty day simple moving average of $33.15 and a two-hundred day simple moving average of $29.66. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $43.83.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

About Ituran Location and Control

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.