Paradice Investment Management LLC Increased Its Stake in Faro Technologies INC (FARO) as Shares Declined

June 27, 2018 - By Arturo Altman

FARO Technologies, Inc. (NASDAQ:FARO) Corporate LogoBig Money Sentiment decreased to 1.05 in Q1 2018. It has change of 0.13, from 2017Q4’s 1.18. The ratio fall due to FARO positioning: 11 sold and 45 reduced. 17 funds acquired positions and 42 increased positions. Investors holded 15.14 million in 2017Q4 but now own 15.55 million shares or 2.67% more. Baillie Gifford accumulated 302,133 shs. Deutsche Bankshares Ag holds 47,480 shs. Ameritas Invest Prns reported 0% in FARO Technologies, Inc. (NASDAQ:FARO). Aqr Cap Llc reported 0% stake. Int Incorporated owns 10,597 shs for 0% of their capital. United Automobile Association reported 120,115 shs or 0.02% of all its holdings. Pnc Finance Serv has 523 shs for 0% of their capital. 23 are owned by Fny Managed Accounts Ltd. Arizona-based Arizona State Retirement Systems has invested 0.02% in FARO Technologies, Inc. (NASDAQ:FARO). Fisher Asset Ltd Liability stated it has 0.01% of its capital in FARO Technologies, Inc. (NASDAQ:FARO). Hodges Capital Management reported 69,618 shs. Primecap Management Ca invested in 1.78M shs. Moreover, Rhumbline Advisers has 0% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 40,031 shs. Castleark Management Limited Liability Company accumulated 122,169 shs or 0.23% of the stock. Thrivent For Lutherans owns 10,786 shs for 0% of their capital.

FARO had 4 sales and 0 insider purchases since March 8, 2018. This’s net activity of $1.56 million. 11,700 shs valued at $701,232 were sold by RAAB SIMON on Thursday, March 15. Gale Jody Storm had sold 10,666 shs worth $637,543 on Thursday, March 8. On Thursday, June 14 a trade for 1,718 shs valued at $94,341 was made by Donofrio John.

According to 2018Q1 SEC form the Paradice Investment Management Llc increased its holdings in Faro Technologies Inc (FARO) by 29.91%. By buying 157,151 shares Paradice Investment Management Llc made the stock sank with 10.95%. The institutional investor is holding 682,645 shares, compared to the 525,494 from the previous quarter. And the reported value of the capital goods company is $39.83 million for the 2018Q1. $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 Korn Ferry Intl (NYSE:KFY) and also reduced its holding in Global Pmts Inc (NYSE:GPN) by 63,905 shares in the quarter, for a total of 474,494 shares.

There’s an important FARO Technologies, Inc. (NASDAQ:FARO) news posted 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 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 Needham maintained FARO Technologies, Inc. (NASDAQ:FARO) rating. Needham has “Buy” rating and $65.0 target. On Thursday, February 22 Canaccord Genuity maintained FARO Technologies, Inc. (NASDAQ:FARO) rating. Canaccord Genuity has “Buy” rating and $66.0 target. The stock rating was maintained by Robert W. Baird with “Hold” on Thursday, February 22. The stock rating was maintained by Craig Hallum with “Buy” on Friday, February 23. On Thursday, February 22 Stifel Nicolaus maintained FARO Technologies, Inc. (NASDAQ:FARO) rating. Stifel Nicolaus has “Hold” rating and $55.0 target.

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

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