Green Alpha Advisors LLC Makes New Investment in Evertz Technologies Limited $EVTZF

Green Alpha Advisors LLC acquired a new stake in Evertz Technologies Limited (OTCMKTS:EVTZF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,416 shares of the company’s stock, valued at approximately $1,074,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Evertz Technologies during the second quarter worth about $1,691,000. Bank of New York Mellon Corp purchased a new position in Evertz Technologies during the 2nd quarter valued at about $1,968,000. Deutsche Bank AG purchased a new position in Evertz Technologies during the 2nd quarter valued at about $468,000. BlackRock Inc. bought a new position in Evertz Technologies during the 2nd quarter valued at approximately $41,975,000. Finally, State of Wyoming bought a new position in Evertz Technologies during the 2nd quarter valued at approximately $158,000. 6.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Evertz Technologies in a research report on Thursday, June 25th. Royal Bank Of Canada restated a “sector perform” rating on shares of Evertz Technologies in a report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Evertz Technologies presently has a consensus rating of “Moderate Buy”.

Evertz Technologies Stock Performance

Shares of OTCMKTS EVTZF opened at $11.84 on Friday. Evertz Technologies Limited has a 1 year low of $8.65 and a 1 year high of $14.72. The company’s 50-day moving average is $12.20 and its 200 day moving average is $11.85.

About Evertz Technologies

Evertz Technologies is a Canadian-based technology company specializing in the design, manufacture and distribution of hardware and software solutions for the media and entertainment industry. Headquartered in Burlington, Ontario, the company develops end-to-end systems for video production, signal processing, content distribution and network management. Evertz serves a diverse range of customers including broadcasters, cable and satellite operators, streaming services and live event producers.

The company’s product portfolio encompasses video routers, encoders and decoders, multiviewers, telemetry and monitoring systems, as well as software-defined infrastructure for IP-based media workflows.