Davis Selected Advisers Has Upped Hollysys Automation Technologies LTD (HOLI) Holding by $9.00 Million as Valuation Rose

Davis Selected Advisers increased its stake in Hollysys Automation Technologies Ltd. (HOLI) by 8.64% based on its latest 2018Q4 regulatory filing with the SEC. Davis Selected Advisers bought 529,608 shares as the company’s stock rose 17.88% with the market. The institutional investor held 6.66 million shares of the energy company at the end of 2018Q4, valued at $116.66 million, up from 6.13 million at the end of the previous reported quarter. Davis Selected Advisers who had been investing in Hollysys Automation Technologies Ltd. for a number of months, seems to be bullish on the $1.11B market cap company. The stock decreased 4.01% or $0.77 during the last trading session, reaching $18.45. About 132,532 shares traded. Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) has declined 14.01% since May 17, 2018 and is downtrending. It has underperformed by 18.38% the S&P500.

Davis Selected Advisers, which manages about $48.17 billion and $17.90 billion US Long portfolio, decreased its stake in Visa Inc. Class A (NYSE:V) by 90,447 shares to 143,206 shares, valued at $18.90M in 2018Q4, according to the filing. It also reduced its holding in Everest Re Group Ltd. (NYSE:RE) by 45,987 shares in the quarter, leaving it with 187,878 shares, and cut its stake in Texas Instruments Inc. (NASDAQ:TXN).

More notable recent Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) news were published by: Nasdaq.com which released: “Here’s Why Target’s (TGT) Q4 Earnings are Likely to Rise Y/Y – Nasdaq” on February 27, 2019, also Benzinga.com with their article: “33 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” published on November 14, 2018, Nasdaq.com published: “What’s in the Cards for CSX Stock This Earnings Season? – Nasdaq” on April 11, 2019. More interesting news about Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) were released by: Benzinga.com and their article: “42 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” published on April 17, 2019 as well as Globenewswire.com‘s news article titled: “Research Report Identifies Tenaris SA, Raytheon, Golden Star Resources, Hollysys Automation Technologies, Ebix, and Greenlight Capital Re with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” with publication date: February 04, 2019.

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Ratings Chart

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