Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp: Itron, Inc Position decreased

Itron, Inc. (NASDAQ:ITRI) Logo

Investors sentiment decreased to 1.34 in 2019 Q2. Its down 0.30, from 1.64 in 2019Q1. It dived, as 24 investors sold Itron, Inc. shares while 55 reduced holdings. 36 funds opened positions while 70 raised stakes. 33.66 million shares or 3.97% less from 35.05 million shares in 2019Q1 were reported.

New Hampshire-based Ledyard National Bank & Trust has invested 0.06% in Itron, Inc. (NASDAQ:ITRI). Pinebridge Invs Ltd Partnership stated it has 27,690 shares or 0.03% of all its holdings. New York-based Mackay Shields Llc has invested 0.01% in Itron, Inc. (NASDAQ:ITRI). Mesirow Financial Mgmt holds 0% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 370 shares. Gsa Limited Liability Partnership stated it has 0.13% in Itron, Inc. (NASDAQ:ITRI). Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 1.02 million shares. Nuveen Asset Management Llc reported 308,258 shares stake. Legal And General Grp Public Limited Liability Company, a United Kingdom-based fund reported 88,223 shares. Jefferies Gru Ltd Llc invested in 6,207 shares or 0% of the stock. Moreover, Blackrock has 0.01% invested in Itron, Inc. (NASDAQ:ITRI). Credit Suisse Ag holds 86,517 shares or 0% of its portfolio. Trexquant Inv L P has 5,206 shares. Trillium Asset Mngmt Limited Liability Corp holds 0.2% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 66,639 shares. Engineers Gate Manager L P holds 0.16% in Itron, Inc. (NASDAQ:ITRI) or 46,421 shares. Cwm has invested 0% in Itron, Inc. (NASDAQ:ITRI).

Since March 15, 2019, it had 0 buys, and 13 sales for $27.27 million activity.

Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp Reported reduced Stake in Itron, Inc

Scopia Capital Management Lp filed with SEC a SC 13D/A form for Itron, Inc. It can be found at: 000101143819000127. As reported by Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp, the filler decreased its stake in the stock by -8.13 % for 2,220,912 shares. Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp currently owns 5.6% of the Information Technology- stock. Date of activity: September 11, 2019.

The hedge fund with about $7.11 billion looks more negative after reporting such a decrease of its Itron, Inc ownership.

The hedge fund is investor in the Finance sector.

Reasons Why Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp Holds Itron, Inc

PURPOSE OF TRANSACTION

Item4 of Schedule 13D is supplemented and superseded, as the case may be, as follows:

This Amendment No. 18 is being filed to report that on September 11, 2019, Scopia Capital entered into a Non-Discretionary Plan (the “Sales Plan”) with Morgan Stanley & Co. LLC (“Morgan Stanley”) pursuant to which Morgan Stanley will effect sales of up to a total of 328,070 shares of Common Stock on behalf of Scopia Capital in compliance with the requirements of Rule 10b5-1(c). Pursuant to the Sales Plan, sales commenced on September 12, 2019 and will continue until December 10, 2019 or until all of the shares of Common Stock to be sold under the Sales Plan are sold or the Sales Plan is otherwise terminated.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time and at any time in the future depending on various factors, including, without limitation, the outcome of any discussions with directors and officers of the Issuer, the Issuer’s financial position and strategic direction, actions taken by the Board, price levels of the Issuer’s securities, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate. These actions may include: (i)acquiring additional shares of Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer (collectively, “Securities”) in the open market or otherwise; (ii)disposing of any or all of their Securities in the open market or otherwise; (iii)engaging in any hedging or similar transactions with respect to the Securities; or (iv)proposing or considering one or more of the actions described in subsections (a)through (j)of Item4 of Schedule13D.

Except as set forth herein or previously disclosed in the Schedule 13D, the Reporting Persons do not have present plans or proposals at this time that relate to or would result in any of the transactions described in subparagraphs (a)through (j)of Item4 of Schedule 13D.

Itron, Inc Institutional Sentiment

Filings show 198 investors own Itron, Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 8794196. 35438463 were owned by these investors. 42 funds opened new Itron, Inc stakes, 64 increased positions. There were 23 that closed positions and 78 reduced them.

5 investors had the stock in their top 10. Some are: Domini Impact Investments Llc..

Richard Mcguire Marcato Capital Management Lp is an investor bullish on Itron, Inc, owning 393900 shares as of Q3 2017 for 3.48% of its portfolio. Ian Simm Impax Asset Management Ltd owns 1414821 shares or 3.36% of its portfolio. MA Eagle Boston Investment Management Inc have 1.64% of its portfolio for 205064 shares. Further, Aristotle Capital Boston Llc reported stake worth 1.62% of its portfolio. The IL Mesirow Financial Investment Management Us Value Equity owns 301105 shares. Itron, Inc is 1.54% of its portfolio.

SEC Form 13D.

Matt Sirovich And Jeremy Mindich’s Scopia Capital Management Lp website.

Analysts await Itron, Inc. (NASDAQ:ITRI) to report earnings on November, 4. They expect $0.67 earnings per share, down 40.71 % or $0.46 from last year’s $1.13 per share. ITRI’s profit will be $26.44M for 27.86 P/E if the $0.67 EPS becomes a reality. After $0.87 actual earnings per share reported by Itron, Inc. for the previous quarter, Wall Street now forecasts -22.99 % negative EPS growth.

The stock increased 1.76% or $1.29 during the last trading session, reaching $74.66. About 200,231 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 4.20% since September 13, 2018 and is uptrending. It has outperformed by 4.20% the S&P500.

Itron, Inc., a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company has market cap of $2.95 billion. The firm operates through three divisions: Electricity, Gas, and Water. It has a 48.23 P/E ratio. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

More notable recent Itron, Inc. (NASDAQ:ITRI) news were published by: Nasdaq.com which released: “Itron (ITRI) Surpasses Q2 Earnings and Revenue Estimates – Nasdaq” on August 05, 2019, also Finance.Yahoo.com with their article: “Is Itron, Inc. (ITRI) A Good Stock To Buy ? – Yahoo Finance” published on April 30, 2019, Nasdaq.com published: “Itron (ITRI) Beats on Q2 Earnings & Revenues, Raises Outlook – Nasdaq” on August 06, 2019. More interesting news about Itron, Inc. (NASDAQ:ITRI) were released by: Nasdaq.com and their article: “Lam Research’s 4.5% Dividend Hike Boosts Shareholder Return – Nasdaq” published on September 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “Based On Its ROE, Is Itron, Inc. (NASDAQ:ITRI) A High Quality Stock? – Yahoo Finance” with publication date: September 02, 2019.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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