Ituran Location And Control (ITRN) Holder Simcoe Capital Management LLC Lowered Its Position by $9.69 Million

Ituran Location and Control Ltd. (NASDAQ:ITRN) Logo

Simcoe Capital Management Llc decreased its stake in Ituran Location And Control (ITRN) by 44.19% based on its latest 2019Q2 regulatory filing with the SEC. Simcoe Capital Management Llc sold 322,942 shares as the company’s stock declined 19.39% . The institutional investor held 407,838 shares of the electronic components company at the end of 2019Q2, valued at $12.27 million, down from 730,780 at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Ituran Location And Control for a number of months, seems to be less bullish one the $580.77 million market cap company. The stock increased 1.28% or $0.36 during the last trading session, reaching $28.43. About 49,693 shares traded. Ituran Location and Control Ltd. (NASDAQ:ITRN) has declined 14.68% since September 13, 2018 and is downtrending. It has underperformed by 14.68% the S&P500.

Analysts await Ituran Location and Control Ltd. (NASDAQ:ITRN) to report earnings on November, 25. They expect $0.45 EPS, down 25.00 % or $0.15 from last year’s $0.6 per share. ITRN’s profit will be $9.19 million for 15.79 P/E if the $0.45 EPS becomes a reality. After $0.46 actual EPS reported by Ituran Location and Control Ltd. for the previous quarter, Wall Street now forecasts -2.17 % negative EPS growth.

More notable recent Ituran Location and Control Ltd. (NASDAQ:ITRN) news were published by: Seekingalpha.com which released: “Ituran Location and Control Ltd.’s (ITRN) CEO Eyal Sheratzky on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” on May 21, 2019, also Benzinga.com with their article: “Earnings Scheduled For August 28, 2019 – Benzinga” published on August 28, 2019, Seekingalpha.com published: “It Might Not Be The Right Time For Ituran Yet – Seeking Alpha” on July 22, 2019. More interesting news about Ituran Location and Control Ltd. (NASDAQ:ITRN) were released by: Nasdaq.com and their article: “Earnings Preview: Ituran (ITRN) Q2 Earnings Expected to Decline – Nasdaq” published on August 21, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2019 – Benzinga” with publication date: May 16, 2019.

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