Faro Technologies INC (FARO) Shareholder Paradice Investment Management LLC Increased Its Stake

June 27, 2018 - By Arnold Ferreira

FARO Technologies, Inc. (NASDAQ:FARO) Corporate LogoBig Money Sentiment decreased to 1.05 in 2018 Q1. It has change of 0.13, from 2017Q4’s 1.18. The ratio dropped due to FARO positioning: 11 sold and 45 reduced. 17 funds took positions and 42 increased positions. Investors holded 15.14 million in 2017Q4 but now own 15.55 million shares or 2.67% more. Group Inc Incorporated has 0% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 10,597 shs. Invesco Ltd reported 76,360 shs. Primecap Management Ca reported 0.08% stake. Texas Permanent School Fund has 0.01% invested in FARO Technologies, Inc. (NASDAQ:FARO). Ubs Asset Americas invested 0% in FARO Technologies, Inc. (NASDAQ:FARO). Moreover, Fny Managed Accounts Llc has 0% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 23 shs. Manufacturers Life Insur Company The reported 0% in FARO Technologies, Inc. (NASDAQ:FARO). Mirae Asset Global Invs Ltd invested 0.01% in FARO Technologies, Inc. (NASDAQ:FARO). Bank Of Montreal Can holds 649 shs. Pnc Services Inc holds 0% or 523 shs. 15,000 were accumulated by Strs Ohio. The Texas-based Barrow Hanley Mewhinney And Strauss Limited Liability has invested 0.11% in FARO Technologies, Inc. (NASDAQ:FARO). Panagora Asset owns 106,238 shs. Mason Street Advsrs Ltd Limited Liability Company holds 0.01% in FARO Technologies, Inc. (NASDAQ:FARO) or 4,660 shs. Northern Trust has 207,858 shs.

FARO registered $1.56 million net activity with 0 insider buys and 4 selling transactions since March 8, 2018. On Friday, March 9 Brubaker Lynn had sold 2,180 shs worth $130,800. Donofrio John sold $94,341 worth of stock or 1,718 shs. On Thursday, March 15 the insider RAAB SIMON sold $701,232.

In 2018Q1 SEC filling is reported Paradice Investment Management Llc’s stake in Faro Technologies Inc (FARO) which was increased by 29.91%. The company’s stock declined 10.95% with the market as Paradice Investment Management Llc bought 157,151 shares. The capital goods company reported $39.83 million value for the 2018Q1. Now the institutional investor is holding 682,645 shares, compared to the 525,494 from the previous quarter. $936.80M is the market cap of Faro Technologies Inc. Ticker’s shares touched $55.25 during the last trading session after 2.50% change.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&P500 by 44.09%.

Paradice Investment Management Llc has cut its stake in Klx Inc and also reduced its holding in Korn Ferry Intl (NYSE:KFY) by 90,238 shares in the quarter, for a total of 457,408 shares.

There’s an important 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

A total of 5 analysts rate Faro Technologies (NASDAQ:FARO) as follows: 3 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 60% are bullish. The firm has $68.0 highest and $55.0 lowest target. The avg target $62.80 is 13.67% above the last ($55.25) price. (NASDAQ:FARO) has 5 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Friday, February 23 the firm has “Buy” rating by Craig Hallum given. On Thursday, February 22 the rating was maintained by Stifel Nicolaus with “Hold”. The stock rating was maintained by Needham with “Buy” on Friday, February 23. On Thursday, February 22 the stock of FARO Technologies, Inc. (NASDAQ:FARO) has “Buy” rating given by Canaccord Genuity. On Thursday, February 22 the rating was maintained by Robert W. Baird with “Hold”.

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

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