Frequency Electronics, Inc. $FEIM Stake Reduced by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. trimmed its holdings in Frequency Electronics, Inc. (NASDAQ:FEIM) by 30.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,109 shares of the communications equipment provider’s stock after selling 14,177 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Frequency Electronics were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Frequency Electronics by 67.3% during the first quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider’s stock valued at $853,000 after purchasing an additional 21,934 shares during the last quarter. GatePass Capital LLC bought a new position in shares of Frequency Electronics in the third quarter valued at $848,000. Corsair Capital Management L.P. bought a new position in shares of Frequency Electronics in the second quarter valued at $511,000. Ritholtz Wealth Management acquired a new stake in shares of Frequency Electronics during the 2nd quarter valued at $232,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Frequency Electronics during the 2nd quarter worth $578,000. 58.60% of the stock is currently owned by institutional investors.

Frequency Electronics Trading Down 4.2%

NASDAQ:FEIM opened at $56.18 on Wednesday. The business’s fifty day moving average price is $43.10 and its 200 day moving average price is $35.07. The firm has a market capitalization of $549.33 million, a price-to-earnings ratio of 25.65 and a beta of 0.36. Frequency Electronics, Inc. has a 1-year low of $13.69 and a 1-year high of $61.47.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.12). The business had revenue of $17.13 million for the quarter, compared to analysts’ expectations of $16.87 million. Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FEIM. Craig Hallum reaffirmed a “buy” rating and set a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. Loop Capital set a $42.00 price objective on Frequency Electronics in a report on Tuesday, December 16th. Wall Street Zen cut shares of Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Frequency Electronics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frequency Electronics currently has a consensus rating of “Buy” and an average target price of $43.67.

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.