Villere ST Denis J & Co. LLC Sells 13,200 Shares of Frequency Electronics, Inc. $FEIM

Villere ST Denis J & Co. LLC lessened its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 53.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,696 shares of the communications equipment provider’s stock after selling 13,200 shares during the quarter. Villere ST Denis J & Co. LLC owned 0.12% of Frequency Electronics worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Frequency Electronics in the first quarter valued at $183,000. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 21,934 shares during the period. Jane Street Group LLC lifted its holdings in shares of Frequency Electronics by 27.2% during the first quarter. Jane Street Group LLC now owns 27,610 shares of the communications equipment provider’s stock valued at $432,000 after acquiring an additional 5,909 shares during the period. Geode Capital Management LLC boosted its stake in shares of Frequency Electronics by 82.3% in the 2nd quarter. Geode Capital Management LLC now owns 175,381 shares of the communications equipment provider’s stock valued at $3,984,000 after purchasing an additional 79,181 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Frequency Electronics in the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Frequency Electronics Price Performance

Shares of FEIM stock traded down $3.74 during trading hours on Friday, hitting $57.33. 152,289 shares of the company’s stock were exchanged, compared to its average volume of 210,682. The stock’s 50-day moving average is $65.50 and its 200-day moving average is $56.70. The stock has a market cap of $564.24 million, a price-to-earnings ratio of 76.44 and a beta of 0.71. Frequency Electronics, Inc. has a 52 week low of $18.70 and a 52 week high of $80.00.

Analysts Set New Price Targets

FEIM has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frequency Electronics in a research report on Monday, June 15th. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $43.67.

Frequency Electronics Company 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.