350,000 Shares in Innio N.V. $INIO Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of Innio N.V. (NASDAQ:INIO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 350,000 shares of the company’s stock, valued at approximately $13,842,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Value Aligned Research Advisors LLC bought a new stake in shares of Innio during the second quarter worth $53,605,000. Readystate Asset Management LP bought a new position in shares of Innio in the second quarter worth about $3,975,000. Troluce Capital Advisors LLC purchased a new position in Innio in the 2nd quarter worth about $1,483,000. Finally, Wellington Management Group LLP bought a new stake in Innio during the 2nd quarter valued at about $1,117,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on INIO shares. BNP Paribas Exane began coverage on shares of Innio in a research report on Monday, June 29th. They issued an “outperform” rating and a $48.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Innio in a research note on Monday, June 29th. They set a “hold” rating and a $41.00 price target for the company. Morgan Stanley started coverage on Innio in a report on Monday, June 29th. They issued an “overweight” rating and a $47.00 price target for the company. Wall Street Zen upgraded Innio to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research raised Innio to a “hold” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.90.

Innio Stock Down 4.8%

Shares of NASDAQ:INIO opened at $20.78 on Thursday. The business has a 50 day simple moving average of $26.54. Innio N.V. has a 52 week low of $19.04 and a 52 week high of $42.95.

Innio (NASDAQ:INIO) last announced its earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $937.70 million during the quarter. On average, sell-side analysts predict that Innio N.V. will post 0.37 EPS for the current fiscal year.

Innio Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.