Readystate Asset Management LP Makes New $3.98 Million Investment in Innio N.V. $INIO

Readystate Asset Management LP purchased a new stake in Innio N.V. (NASDAQ:INIO) in the second quarter, HoldingsChannel reports. The institutional investor purchased 100,500 shares of the company’s stock, valued at approximately $3,975,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in Innio in the 2nd quarter valued at about $1,117,000. Troluce Capital Advisors LLC acquired a new stake in shares of Innio during the 2nd quarter worth about $1,483,000. Finally, Value Aligned Research Advisors LLC acquired a new stake in Innio during the 2nd quarter worth approximately $53,605,000.

Wall Street Analyst Weigh In

INIO has been the subject of several recent analyst reports. Wall Street Zen upgraded Innio to a “hold” rating in a research report on Saturday, June 13th. Robert W. Baird set a $37.00 target price on shares of Innio in a research note on Wednesday, July 29th. The Goldman Sachs Group assumed coverage on Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $42.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Innio in a report on Monday, June 29th. They set a “hold” rating and a $41.00 price objective on the stock. Finally, UBS Group assumed coverage on Innio in a report on Monday, June 29th. They issued a “buy” rating and a $47.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Innio has an average rating of “Moderate Buy” and a consensus price target of $42.90.

Innio Stock Performance

NASDAQ:INIO opened at $20.77 on Monday. Innio N.V. has a 52-week low of $19.04 and a 52-week high of $42.95. The company’s fifty day moving average is $27.59.

Innio (NASDAQ:INIO) last announced its earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. Research analysts forecast that Innio N.V. will post 0.37 earnings per share for the current year.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.