Wynn Macau ( OTCMKTS:WYNMY – Get Free Report ) and Civeo ( NYSE:CVEO – Get Free Report ) are both consumer discretionary companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends. Profitability This table compares Wynn Macau and Civeo’s net margins, return on equity and return on assets. Institutional and Insider Ownership 81.4% of Civeo shares are held by institutional investors. 4.3% of Civeo shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term. Dividends Valuation & Earnings This table compares Wynn Macau and Civeo”s top-line revenue, earnings per share (EPS) and valuation. Wynn Macau has higher revenue and earnings than Civeo. Analyst Recommendations This is a summary of current ratings for Wynn Macau and Civeo, as provided by MarketBeat.com. Civeo has a consensus target price of $32.00, indicating a potential upside of 30.88%. Given Civeo’s stronger consensus rating and higher possible upside, analysts clearly believe Civeo is more favorable than Wynn Macau. Volatility and Risk Wynn Macau has a beta of 0.6, meaning that its stock price is 40% less volatile than the S&P 500. Comparatively, Civeo has a beta of 2.06, meaning that its stock price is 106% more volatile than the S&P 500. Summary Civeo beats Wynn Macau on 10 of the 14 factors compared between the two stocks. About Wynn Macau ( Get Free Report ) Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets. Its Wynn Palace resort also consists of approximately 107,000 square feet of retail shopping; 37,000 square feet of meeting and convention space; recreation and leisure facilities consisting of a cable car ride, health club, spa, salon, and pool; and public entertainment attractions, including a lake, animated floral art displays, and fine art displays. In addition, the company's Wynn Macau resort features approximately 294,000 square feet of casino space offering 24-hour gaming and various games, including private gaming salons, sky casinos, and a poker pit; hotel towers with rooms and suites; food and beverage outlets; and recreation and leisure facilities, such as health clubs and spas, a salon, and a pool. Further, its Wynn Macau resort includes approximately 64,300 square feet of brand-name retail shopping and 31,000 square feet of meeting and convention space. The company was incorporated in 2009 and is headquartered in Macau. Wynn Macau, Limited operates as a subsidiary of WM Cayman Holdings Limited I. About Civeo ( Get Free Report ) Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs. It offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services, and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as lodging and catering services. It serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation was founded in 1977 and is headquartered in Houston, Texas. Receive News & Ratings for Wynn Macau Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Macau and related companies with MarketBeat.com's FREE daily email newsletter .
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Swiss National Bank trimmed its holdings in Ryan Specialty Holdings, Inc. ( NYSE:RYAN – Free Report ) by 0.4% during the third quarter, Holdings Channel.com reports. The fund owned 197,600 shares of the company’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Ryan Specialty were worth $13,119,000 at the end of the most recent reporting period. Several other hedge funds have also recently added to or reduced their stakes in RYAN. Blair William & Co. IL grew its position in shares of Ryan Specialty by 3.4% in the second quarter. Blair William & Co. IL now owns 2,866,003 shares of the company’s stock valued at $165,970,000 after purchasing an additional 94,663 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Ryan Specialty by 148.9% during the 3rd quarter. Principal Financial Group Inc. now owns 851,704 shares of the company’s stock valued at $56,545,000 after buying an additional 509,548 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ryan Specialty by 132.2% during the second quarter. Bank of New York Mellon Corp now owns 836,209 shares of the company’s stock worth $48,425,000 after buying an additional 476,126 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Ryan Specialty by 22.4% in the second quarter. Federated Hermes Inc. now owns 552,742 shares of the company’s stock worth $32,009,000 after acquiring an additional 101,022 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its position in shares of Ryan Specialty by 3.5% in the third quarter. Geneva Capital Management LLC now owns 516,416 shares of the company’s stock valued at $34,285,000 after acquiring an additional 17,442 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling In related news, Director Nicholas Dominic Cortezi sold 2,325 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $64.60, for a total value of $150,195.00. Following the transaction, the director now owns 3,463 shares in the company, valued at approximately $223,709.80. The trade was a 40.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, EVP Mark Stephen Katz sold 14,790 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $71.39, for a total value of $1,055,858.10. Following the sale, the executive vice president now owns 12,386 shares of the company’s stock, valued at approximately $884,236.54. This trade represents a 54.42 % decrease in their position. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 22,490 shares of company stock valued at $1,553,977. Corporate insiders own 11.10% of the company’s stock. Ryan Specialty Stock Up 2.5 % Ryan Specialty ( NYSE:RYAN – Get Free Report ) last issued its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Ryan Specialty had a net margin of 10.31% and a return on equity of 47.90%. The business had revenue of $604.69 million for the quarter, compared to the consensus estimate of $602.04 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Ryan Specialty Holdings, Inc. will post 1.8 earnings per share for the current year. Ryan Specialty Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. Ryan Specialty’s payout ratio is currently 57.14%. Wall Street Analyst Weigh In A number of research firms have issued reports on RYAN. The Goldman Sachs Group upped their target price on shares of Ryan Specialty from $64.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Ryan Specialty from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Barclays boosted their price target on Ryan Specialty from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets upgraded Ryan Specialty from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $75.00 in a report on Tuesday, September 24th. Finally, Bank of America upped their target price on Ryan Specialty from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $71.67. Read Our Latest Report on Ryan Specialty About Ryan Specialty ( Free Report ) Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. Read More Want to see what other hedge funds are holding RYAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryan Specialty Holdings, Inc. ( NYSE:RYAN – Free Report ). Receive News & Ratings for Ryan Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryan Specialty and related companies with MarketBeat.com's FREE daily email newsletter .SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec 20, 2024-- Mitel, a global leader in business communications, enters 2025 ideally positioned to capitalize on growing market demand for flexible and secure hybrid cloud deployment models, especially in enterprise business communications. With a global customer base of more than 70 million users following its acquisition of Unify, the company has celebrated several significant milestones over the past year. This includes the rollout of a combined portfolio strategy and the launch of Mitel’s Common Communications Framework, which together provide a blueprint for organizations who need to maintain a consistent communications experience regardless of the deployment model while taking advantage of vertically integrated and multimodal unified communications (UC) solutions. The framework aligns with new research that shows 91% of enterprises prioritize a hybrid approach to meet their evolving business objectives and positions Mitel as a top contender to dominate the largest segment of the business communications market for years ahead.* This year, Mitel also announced a series of strategic partnerships that bolstered its AI Ecosystem. In September, the company announced it would work with Zoom to deliver an AI-first hybrid communications and collaboration solution. Plans were also announced to fully integrate new AI-powered capabilities into Mitel’s contact center solutions, including Mitel CX, a new AI-powered customer experience platform to be released in early 2025. These powerful, purpose-built innovations enhance situational awareness through advanced analytics and productivity built around leading GenAI tools, ultimately improving customer experience. “Together with our partners and employees, Mitel has accomplished an incredible amount this year,” said Mitel president and CEO Tarun Loomba. “As we prepare for 2025, I am excited by the significant opportunities before us, particularly the surge in demand for hybrid communications solutions. We are playing from a position of strength with a portfolio designed to provide the flexibility and choice required to support workers on the frontline and into the office, meeting the demands of enterprise organizations globally. Our partnership with Zoom and the launch of Mitel CX also demonstrates our capability to deliver innovative solutions that drive value for our customers and partners while further propelling us toward our goal to be the global leader in UC.” "As outlined in the 2025 Aragon Research GlobeTM for Intelligent Unified Communications & Collaboration and the Aragon Research GlobeTM for the Intelligent Contact Center, Mitel has shown it can deliver reliable voice, communications, collaboration, and contact center platforms particularly in high consequence industries,” said Jim Lundy, Aragon Research, CEO & Lead Analyst. “Through its ongoing commitment to innovation and the integration of flexible, hybrid solutions, Mitel aims to empower organizations to improve both internal collaboration and customer engagement.” “Hybrid UC serves as Mitel’s strategic differentiation and is the backbone of its global go-to-market strategy,” said Dave Michels, Founder and Principal Analyst at TalkingPointz. “By combining a deep understanding of modern businesses' diverse needs with a commitment to flexible solutions, Mitel positions itself as a provider of comprehensive, tailored offerings that meet the evolving demands of today’s dynamic business landscape. Mitel 2024 Business Highlights Mitel 2024 Awards & Recognition * According to a June 2024 global survey of 1,954 organizations conducted by Mitel and Techaisle About Mitel A global market leader in business communications powering more than two billion business connections, Mitel helps businesses and service providers connect, collaborate, and provide innovative services to their customers. Our innovation and communications experts serve business users in more than 100 countries. For more information, go to www.mitel.com and follow us on LinkedIn and X @Mitel . Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners. View source version on businesswire.com : https://www.businesswire.com/news/home/20241220520521/en/ CONTACT: Mitel Public Relations Email:pr@mitel.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: MARKETING ADVERTISING DIGITAL MARKETING COMMUNICATIONS TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Mitel Networks Inc Copyright Business Wire 2024. PUB: 12/20/2024 03:25 PM/DISC: 12/20/2024 03:25 PM http://www.businesswire.com/news/home/20241220520521/en
BISMARCK, N.D. (AP) — North Dakota regulators approved permits Thursday for underground storage of carbon dioxide delivered through a sprawling pipeline proposed for the Midwest, marking another victory for the project that has drawn fierce opposition from landowners. The state’s governor-led, three-member Industrial Commission voted unanimously to approve the permits for Summit Carbon Solutions’ three proposed storage sites in central North Dakota. It’s unclear when construction of the storage sites would begin but it’s expected that resistant landowners in that area will file lawsuits seeking to block the storage plans. Summit’s proposed 2,500-mile (4,023-kilometer), $8 billion pipeline would transport planet-warming CO2 emissions from 57 ethanol plants in North Dakota, South Dakota, Iowa, Minnesota and Nebraska for underground storage in central North Dakota. People are also reading... The company has permits for its route in Iowa and North Dakota but can’t yet begin construction. Also on Thursday, Minnesota utility regulators approved a permit for a 28-mile (45-kilometer) leg of the project in western Minnesota. Summit also recently applied in South Dakota, where regulators denied the company’s previous application last year. Summit still faces several lawsuits related to the project, including a state Supreme Court appeal in North Dakota over a property rights law related to the underground storage plan. Approval from the governor-led, three-member Industrial Commission is another victory for Summit Carbon Solutions' controversial project, though further court challenges are likely. Last month, the company gained approval for its North Dakota route , and Iowa regulators also have given conditional approval. North Dakota Republican Gov. Doug Burgum chairs the Industrial Commission, which includes the state attorney general and agriculture commissioner and oversees a variety of energy topics and state-owned enterprises. Burgum is President-elect Donald Trump's choice for Interior Secretary and to lead a new National Energy Council. Burgum supports Summit's project and has frequently touted North Dakota's underground carbon dioxide storage as a “geologic jackpot.” In 2021, he set a goal for the No. 3 oil-producing state to be carbon-neutral by 2030. His term ends Saturday. Summit applied for permits for three storage facilities, which would hold a combined, estimated maximum of 352 million metric tons of CO2 over 20 years. The pipeline would carry up to 18 million metric tons of CO2 per year to be injected about 1 mile (1.6 kilometers) underground, according to an application fact sheet. Summit's documents detail a well site layout encompassing a pump/meter building, gas detection stations, inlet valves and emergency shutoff valve. Carbon dioxide would move through the pipeline in a pressurized form to be injected deep underground into a rock formation. Jessie Stolark, who leads a group that includes Summit and supports the project, said the oil industry has long used similar technology. “We know that this can be done safely in a manner that is protective of human health and underground sources of drinking water,” said Stolark, executive director of the Carbon Capture Coalition. Summit's project has drawn the ire of landowners around the region. They oppose the potential taking of their property for the pipeline and fear a pipe rupture releasing a cloud of heavy, hazardous gas over the land. A North Dakota landowners group is challenging a property rights law related to the underground storage, and attorney Derrick Braaten said they likely would challenge the granting of permits for the storage plans. “The landowners that I'm working with aren't necessarily opposed to carbon sequestration itself,” Braaten said. “They're opposed to the idea that a private company can come in and use their property without having to negotiate with them or pay them just compensation for taking their private property and using it.” Carbon capture projects such as Summit's are eligible for lucrative federal tax credits intended to encourage cleaner-burning ethanol and potentially result in corn-based ethanol being refined into jet fuel. Some opponents argue the amount of greenhouse gases sequestered through the process would make little difference and could lead farmers to grow more corn despite environmental concerns about the crop. In Minnesota, regulators granted a route permit that would connect an ethanol plant in Fergus Falls to Summit’s broader network. They attached several conditions, including requirements that Summit begin construction in North Dakota before it starts in Minnesota. An administrative law judge who conducted hearings concluded in November that the environmental impacts from the Minnesota segment would be minimal and noted that Summit has secured agreements from landowners along most of the recommended route. Environmental groups that oppose the project disputed the judge’s finding that the project would have a net benefit for the environment. In addition to North Dakota, Summit has a permit from Iowa for its route, but regulators for that state required the company to obtain approvals for routes in the Dakotas and underground storage in North Dakota before it can begin construction. The Iowa Utilities Commission's approval sparked lawsuits related to the project. Last year, South Dakota regulators rejected Summit's application. The company submitted another permit application last month. In Nebraska, where there is no state regulatory process for CO2 pipelines, Summit is working with individual counties to advance its project. At least one county has denied a permit. Karnowski reported from Minneapolis. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Be the first to know Get local news delivered to your inbox!Morrissey throws 67-yard TD pass to Calwise Jr. to lift Eastern Kentucky over North Alabama 21-15The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . KALAMAZOO, Mich. (AP) — Freshman Justus McNair made a 3-pointer from midcourt just before the final buzzer to cap Valparaiso’s game-closing 29-4 run and the Beacons knocked off Western Michigan 76-73 on Friday. Valpo trailed 69-47 with 6:51 remaining. Tied at 73-all, Western Michigan’s Donovan Williams came up short on a 3-pointer from the corner and McNair grabbed the rebound with about four seconds left before racing the other way for a one-footed runner at the horn. Cooper Schwieger scored 17 of his 19 points in the second half for the Beacons (6-5). Jefferson Monegro scored 13 points while going 4 of 15 from the floor, including 0 for 3 from 3-point range, and 5 for 9 from the line. McNair had 13 points and went 5 of 7 from the field (2 for 4 from 3-point range). Chansey Willis Jr. finished with 16 points, seven rebounds and seven assists for the Broncos (3-8). Owen Lobsinger added 14 points for Western Michigan. Brandon Muntu finished with 12 points. Monegro scored eight points in the first half and Valparaiso went into halftime trailing 42-26. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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TJ Smith drove North Alabama to the EKU 45-yard line before he threw an interception to Mike Smith Jr. to end the game. Smith threw a 24-yard touchdown pass to Dakota Warfield to give North Alabama a 15-14 lead with 10:37 to play. Morrissey completed 9 of 15 passes for 154 yards and added 60 yards on the ground with a touchdown run. Brayden Latham added 103 yards rushing on 19 carries that included a 2-yard score for Eastern Kentucky (8-4, 6-2 United Athletic Conference). Smith was 23-of-39 passing for 325 yards with a touchdown and two interceptions for North Alabama (3-9, 2-5). Tanaka Scott had 109 yards receiving and a touchdown catch. ___ Get alerts on the latest AP Top 25 poll throughout the season. Sign up here ___ AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballCHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Mahomes threw two touchdown passes to Noah Gray for the second straight week as the Kansas City Chiefs held off the Carolina Panthers 30-27 on Sunday. A week after losing at Buffalo, the two-time defending Super Bowl champion Chiefs (10-1) maintained their position atop the AFC. Mahomes completed a 35-yard touchdown strike to Gray on the game’s opening possession and found him again for an 11-yard TD in the second quarter. Gray has four touchdown catches in the last two weeks — twice as many as nine-time Pro Bowler Travis Kelce has all season — and has become a weapon in the passing game for the Chiefs, who lost top wide receiver Rashee Rice to a season-ending knee injury in Week 4. Kelce was still a factor Sunday with a team-high six catches for 62 yards, although the four-time All-Pro looked dejected after dropping one easy pass. Kelce has 62 receptions for 507 yards this season, while Gray has 26 catches for 249 yards. But Gray's development is a good sign for the Chiefs — and he's on the same page with Mahomes. On his second TD, Gray said Mahomes “gave me the answer to the test there” before the play. Story continues below video “He told me what coverage it was pre-snap," said Gray, who had four receptions for 66 yards. “That’s just the blessing you have of playing with a quarterback like that. Offensive line did a great job blocking that up and the receivers did a great job running their routes to pop me open. Really just a group effort right there on that touchdown.” Gray said that's nothing new. “Pat’s preparation, his leadership is just something that I’m fortunate enough to play alongside,” Gray said. "I love it. It gets me motivated every time we go out there for a long drive. Having a leader like that, that prepares every single week in-and out, knows defenses, knows the game plans. “I’m just fortunate enough to play alongside a guy like that.” Mahomes completed 27 of 37 passes for 269 yards and three TDs, and he knew what to do on the second TD to Gray. “It's not just me, it's the quarterback coaches and the players, we go through certain checks you get to versus certain coverages,” Mahomes said. “I was able to see by the way they lined up they were getting into their cover-zero look. I alerted the guys to make sure they saw what I saw and I gave the check at the line of scrimmage.” AP NFL: https://apnews.com/hub/nfl
REDMOND, Ore., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, announced today the resignation of Greg Aydelott, Chief Financial Officer of the Company, effective December 31, 2024, due to family health concerns. Mr. Aydelott intends to remain available to the Company on an ongoing basis as a consultant to ensure a smooth transition. The Company’s Board of Directors has appointed the Company’s Chief Executive Officer, Brian Schaffner, as interim Chief Financial Officer, and Principal Financial and Accounting Officer, effective December 31, 2024, and is conducting a search process to identify a new CFO. Mr. Schaffner previously served as the CFO of Expion360 from March 2021 through January 2023. “On behalf of our Board of Directors, leadership team and employees, I would like to thank Greg for his outstanding service and commitment over the past three years," said Mr. Schaffner. "He has made significant contributions to Expion360’s success, including managing our growth, strengthening our balance sheet, enhancing our planning and budgeting process, and overseeing investments in new technologies and batteries.” “This has been an incredible journey with talented people, and it has been a privilege to help lead this passionate team,” said Mr. Aydelott. “I look forward to following the success of Expion360 for years to come.” About Expion360 Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer. The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com . Forward-Looking Statements and Safe Harbor Notice This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,” “believe,” “aim,” “goal,” “plan,” and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the expected timing and impact of the executive transition, including Mr. Aydelott’s continuing role as a consultant to the Company, and the Company’s ability to build on its momentum and achieve its financial and strategic objectives. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements. Company Contact: Brian Schaffner, CEO 541-797-6714 Email Contact External Investor Relations: Chris Tyson, Executive Vice President MZ Group - MZ North America 949-491-8235 XPON@mzgroup.us www.mzgroup.us
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Swiss National Bank grew its stake in shares of Elastic ( NYSE:ESTC – Free Report ) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,800 shares of the company’s stock after buying an additional 200 shares during the period. Swiss National Bank owned 0.16% of Elastic worth $12,957,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in the stock. 1832 Asset Management L.P. purchased a new position in Elastic during the second quarter valued at approximately $248,335,000. Assenagon Asset Management S.A. bought a new position in Elastic in the 2nd quarter worth $102,169,000. Federated Hermes Inc. increased its stake in Elastic by 32,630.2% in the 2nd quarter. Federated Hermes Inc. now owns 615,655 shares of the company’s stock worth $70,129,000 after buying an additional 613,774 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Elastic by 4.3% during the second quarter. Driehaus Capital Management LLC now owns 499,915 shares of the company’s stock valued at $56,945,000 after acquiring an additional 20,633 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Elastic by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 447,957 shares of the company’s stock valued at $51,027,000 after acquiring an additional 48,785 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors. Insiders Place Their Bets In other Elastic news, Director Paul R. Auvil III bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $74.25 per share, for a total transaction of $1,485,000.00. Following the purchase, the director now directly owns 22,627 shares in the company, valued at $1,680,054.75. This represents a 761.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CFO Janesh Moorjani sold 6,941 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $487,605.25. Following the transaction, the chief financial officer now directly owns 195,550 shares in the company, valued at $13,737,387.50. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 37,406 shares of company stock worth $2,627,772. 15.90% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In Check Out Our Latest Research Report on ESTC Elastic Price Performance NYSE ESTC opened at $108.03 on Friday. The company has a market cap of $11.10 billion, a PE ratio of 196.42 and a beta of 0.94. The firm’s 50 day moving average price is $81.78 and its 200-day moving average price is $97.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 1.91. Elastic has a 52-week low of $69.00 and a 52-week high of $136.06. Elastic ( NYSE:ESTC – Get Free Report ) last announced its earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. The business had revenue of $347.42 million for the quarter, compared to analysts’ expectations of $344.67 million. Elastic had a negative return on equity of 13.54% and a net margin of 4.39%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.35) EPS. Sell-side analysts forecast that Elastic will post -0.92 EPS for the current fiscal year. About Elastic ( Free Report ) Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. Read More Want to see what other hedge funds are holding ESTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic ( NYSE:ESTC – Free Report ). Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter .