HBK Investments L P Buys New Stake in Innio N.V. $INIO

HBK Investments L P purchased a new stake in Innio N.V. (NASDAQ:INIO) during the second quarter, according to its most recent filing with the SEC. The fund purchased 152,500 shares of the company’s stock, valued at approximately $6,031,000.

Other hedge funds have also bought and sold shares of the company. Junto Capital Management LP purchased a new position in shares of Innio during the second quarter valued at about $26,193,000. Dragoneer Investment Group LLC purchased a new position in Innio during the 2nd quarter valued at approximately $112,718,000. WINTON GROUP Ltd purchased a new stake in shares of Innio during the 2nd quarter worth approximately $2,990,000. Squarepoint Ops LLC bought a new position in shares of Innio during the 2nd quarter valued at approximately $13,842,000. Finally, Readystate Asset Management LP purchased a new position in shares of Innio in the second quarter valued at $3,975,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INIO shares. Bank of America started coverage on shares of Innio in a research report on Monday, June 29th. They issued a “buy” rating and a $46.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $42.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 target price on the stock. Robert W. Baird set a $37.00 price target on shares of Innio in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Innio in a report on Monday, June 29th. They issued a “hold” rating and a $41.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.90.

Innio Stock Up 5.2%

INIO traded up $0.92 during trading on Wednesday, reaching $18.71. The company had a trading volume of 6,996,088 shares, compared to its average volume of 4,540,833. The business’s 50 day moving average is $25.15. Innio N.V. has a 52 week low of $17.45 and a 52 week high of $42.95.

Innio (NASDAQ:INIO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $937.70 million for the quarter. As a group, research analysts anticipate that Innio N.V. will post 0.37 earnings per share for the current fiscal year.

Innio Company 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.