Iteris (ITI) Reaches $5.54 After 8.00% Down Move; Cormorant Asset Management Has Boosted Quotient LTD (QTNT) Stake By $4.55 Million

November 14, 2017 - By Peter Erickson

The stock of Iteris Inc (NASDAQ:ITI) is a huge mover today! The stock decreased 5.30% or $0.31 during the last trading session, reaching $5.54. About 160,404 shares traded. Iteris Inc (NASDAQ:ITI) has risen 136.03% since November 14, 2016 and is uptrending. It has outperformed by 119.33% the S&P500.The move comes after 7 months negative chart setup for the $188.40M company. It was reported on Nov, 14 by Barchart.com. We have $5.10 PT which if reached, will make NASDAQ:ITI worth $15.07 million less.

Cormorant Asset Management Llc increased Quotient Ltd (QTNT) stake by 22.42% reported in 2017Q2 SEC filing. Cormorant Asset Management Llc acquired 650,000 shares as Quotient Ltd (QTNT)’s stock rose 15.76%. The Cormorant Asset Management Llc holds 3.55M shares with $26.12M value, up from 2.90M last quarter. Quotient Ltd now has $197.73M valuation. The stock decreased 4.82% or $0.22 during the last trading session, reaching $4.34. About 204,116 shares traded. Quotient Ltd (NASDAQ:QTNT) has declined 16.87% since November 14, 2016 and is downtrending. It has underperformed by 33.57% the S&P500.

Analysts await Iteris Inc (NASDAQ:ITI) to report earnings on February, 8. They expect $-0.04 EPS, 0.00% or $0.00 from last year’s $-0.04 per share. After $-0.03 actual EPS reported by Iteris Inc for the previous quarter, Wall Street now forecasts 33.33% negative EPS growth.

Iteris, Inc. is a provider of information solutions for both the traffic management and global agribusiness markets. The company has market cap of $188.40 million. The Firm operates through three divisions: Roadway Sensors, Transportation Systems and Performance Analytics. It currently has negative earnings. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

Cormorant Asset Management Llc decreased Audentes Therapeutics Inc stake by 101,115 shares to 323,545 valued at $6.19M in 2017Q2. It also reduced Neurocrine Biosciences Inc (NASDAQ:NBIX) stake by 50,000 shares and now owns 250,000 shares. Rigel Pharmaceuticals Inc (NASDAQ:RIGL) was reduced too.

Investors sentiment increased to 8.4 in Q2 2017. Its up 6.20, from 2.2 in 2017Q1. It is positive, as 2 investors sold QTNT shares while 3 reduced holdings. 32 funds opened positions while 10 raised stakes. 42.64 million shares or 209.57% more from 13.77 million shares in 2017Q1 were reported. Moreover, Colony Grp Incorporated Ltd Liability has 0.01% invested in Quotient Ltd (NASDAQ:QTNT) for 13,360 shares. California State Teachers Retirement reported 47,400 shares. Perceptive Advsrs Ltd Company holds 1.31% of its portfolio in Quotient Ltd (NASDAQ:QTNT) for 3.71M shares. Alyeska Investment Group Incorporated Limited Partnership, a Illinois-based fund reported 254,728 shares. Sio Mngmt Ltd Llc stated it has 2.37M shares. Morgan Stanley holds 402,152 shares. Northern holds 0% or 242,174 shares. Ghost Tree Capital Ltd Liability holds 0.46% in Quotient Ltd (NASDAQ:QTNT) or 300,000 shares. Clearbridge Ltd holds 0.24% or 1.54M shares. Birchview Cap LP owns 79,700 shares or 0.31% of their US portfolio. Schwab Charles Inv Inc owns 46,200 shares. Goldman Sachs Gp owns 14,129 shares for 0% of their portfolio. Royal Bankshares Of Canada reported 2,000 shares. Polar Capital Ltd Liability Partnership owns 2.98 million shares. Rhumbline Advisers owns 27,357 shares.

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