Faro Technologies INC (FARO) Shareholder Paradice Investment Management LLC Increased Its Stake by $9.11 Million as Shares Declined

June 27, 2018 - By Daniel Cummings

FARO Technologies, Inc. (NASDAQ:FARO) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 1.05. That’s change of 0.13, from 2017Q4’s 1.18. 11 investors sold all, 45 reduced holdings as FARO ratio fall. 42 rose stakes while 17 funds acquired stakes. Funds hold 15.55 million shares thus 2.67% more from 2017Q4’s 15.14 million shares. Ontario – Canada-based Royal Fincl Bank Of Canada has invested 0% in FARO Technologies, Inc. (NASDAQ:FARO). Texas Permanent School Fund reported 0.01% of its capital in FARO Technologies, Inc. (NASDAQ:FARO). Arizona State Retirement Sys invested 0.02% of its capital in FARO Technologies, Inc. (NASDAQ:FARO). Baillie Gifford And Company owns 302,133 shs or 0.02% of their US capital. Renaissance Techs Limited Co holds 34,142 shs or 0% of its capital. Invesco Ltd holds 0% of its capital in FARO Technologies, Inc. (NASDAQ:FARO) for 76,360 shs. Advisory Rech holds 36,198 shs. California Public Employees Retirement Systems, a California-based fund reported 31,700 shs. 5,432 were accumulated by Bnp Paribas Arbitrage. Deutsche National Bank & Trust Ag reported 47,480 shs. Credit Suisse Ag, a Switzerland-based fund reported 787,955 shs. Bluecrest Ltd holds 0.01% in FARO Technologies, Inc. (NASDAQ:FARO) or 6,169 shs. Federated Invsts Inc Pa invested in 320 shs. State Of Wisconsin Investment Board has invested 0.03% of its capital in FARO Technologies, Inc. (NASDAQ:FARO). Piermont Cap has invested 0.2% in FARO Technologies, Inc. (NASDAQ:FARO).

FARO had 4 sales and 0 insider buys since March 8, 2018. This’s net activity of $1.56 million. On Friday, March 9 the insider Brubaker Lynn sold $130,800. Gale Jody Storm sold $637,543 worth of FARO Technologies, Inc. (NASDAQ:FARO) on Thursday, March 8. $94,341 worth of FARO Technologies, Inc. (NASDAQ:FARO) shs were sold by Donofrio John.

According to 2018Q1 SEC filling the Paradice Investment Management Llc rose its stake in Faro Technologies Inc (FARO) by 29.91%. 157,151 shares were bought by Paradice Investment Management Llc as the company’s stock declined 10.95% with the market. At the end of 2018Q1, the institutional investor held 682,645 shares of the capital goods company, valued at $39.83M, up from 525,494 at the end of the previous reported quarter. $936.80 million is the MC of Faro Technologies Inc. The stock increased 2.50% or $1.35 during the last trading session, touching $55.25.Currently FARO Technologies, Inc. is uptrending after 56.66% change in last June 27, 2017. FARO has 27,134 shares volume. The stock outperformed the S&P 500 by 44.09%.

For a total of 1.44 million shares it reduced its holding in Klx Inc by 83,044 shares in the quarter, and has cut its stake in Eastman Kodak Co (NYSE:KODK).

There’s a substantial FARO Technologies, Inc. (NASDAQ:FARO) news released by Profitconfidential.com. It’s a report titled: “FARO Stock: Leading in the 3D technology Space” on June 13, 2018.

FARO Technologies, Inc. (NASDAQ:FARO) Ratings Coverage

Total analysts of 5 have positions in Faro Technologies (NASDAQ:FARO) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. The firm has $68.0 highest while $55.0 is the lowest price target. The average target $62.80 is 13.67% above the last ($55.25) price. Since February 22, 2018 according to StockzIntelligence Inc Faro Technologies has 5 analyst reports. On Friday, February 23 the stock has “Buy” rating by Craig Hallum. In Friday, February 23 report Needham maintained it with “Buy” rating and $65.0 target. On Thursday, February 22 the rating was maintained by Canaccord Genuity with “Buy”. On Thursday, February 22 the stock of FARO Technologies, Inc. (NASDAQ:FARO) earned “Hold” rating by Robert W. Baird. In Thursday, February 22 report Stifel Nicolaus maintained it with “Hold” rating and $55.0 target.

FARO Technologies, Inc. (NASDAQ:FARO) Institutional Investors Chart

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