AlarmCom Hldg Inc (ALRM) : Evanson Asset Management reduced its stake in AlarmCom Hldg Inc by 18.55% during the most recent quarter end. The investment management company now holds a total of 237,500 shares of AlarmCom Hldg Inc which is valued at $7,032,375 after selling 54,100 shares in AlarmCom Hldg Inc , the firm said in a disclosure report filed with the SEC on Oct 18, 2016.AlarmCom Hldg Inc makes up approximately 2.04% of Evanson Asset Management’s portfolio.
Other Hedge Funds, Including , Creative Planning added ALRM to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $34,632. Ct Financial Advisors added ALRM to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $5,772. Contravisory Investment Management added ALRM to its portfolio by purchasing 131 company shares during the most recent quarter which is valued at $3,863.Bnp Paribas Arbitrage Sa boosted its stake in ALRM in the latest quarter, The investment management firm added 355 additional shares and now holds a total of 763 shares of AlarmCom Hldg Inc which is valued at $22,310.
AlarmCom Hldg Inc closed down -0.36 points or -1.20% at $29.59 with 65,252 shares getting traded on Thursday. Post opening the session at $29.87, the shares hit an intraday low of $29.46 and an intraday high of $29.916 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, AlarmCom Hldg Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 15, 2016. Analyst had a consensus of $0.11. The company had revenue of $64.42 million for the quarter, compared to analysts expectations of $58.61 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on AlarmCom Hldg Inc. ROTH Capital Initiated AlarmCom Hldg Inc on Oct 3, 2016 to “Buy”, Price Target of the shares are set at $33.50.Company shares were Reiterated by Imperial Capital on Aug 17, 2016 to “In-line”, Firm has raised the Price Target to $ 30 from a previous price target of $24.50 .AlarmCom Hldg Inc was Downgraded by Raymond James to ” Mkt Perform” on Aug 16, 2016.
Alarm.com Holdings Inc. is a platform solution for the connected home. The Company through its cloud-based services makes connected home technology accessible to millions of home and business owners. The Company’s multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single intuitive user interface. The Company offers four primary solutions which include interactive security intelligent automation video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers which include service provider portal installation and support business management and sales marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware including cellular communication modules image sensor video cameras and smart thermostat.
