The Bank of New York Mellon Corp invests in Lionbridge Technologies Inc. (LIOX) Shares

The Bank of New York Mellon Corp invests in Lionbridge Technologies Inc. (LIOX) Shares

Bank of New York Mellon Corp boosted its stake in shares of Lionbridge Technologies Inc. (NASDAQ:LIOX) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 441,295 shares of the company’s stock after buying an additional 157 shares during the period. Bank of New York Mellon Corp owned about 0.74% of Lionbridge Technologies worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LIOX. Springbok Capital Management LLC boosted its position in Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock valued at $168,000 after buying an additional 6,525 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Lionbridge Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,967 shares of the company’s stock valued at $238,000 after buying an additional 294 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Lionbridge Technologies by 12.1% in the second quarter. Wedge Capital Management L L P NC now owns 230,100 shares of the company’s stock valued at $909,000 after buying an additional 24,800 shares during the period. Geode Capital Management LLC raised its stake in Lionbridge Technologies by 4.4% in the first quarter. Geode Capital Management LLC now owns 398,355 shares of the company’s stock valued at $2,015,000 after buying an additional 16,793 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in Lionbridge Technologies by 2.6% in the first quarter. Kennedy Capital Management Inc. now owns 1,647,864 shares of the company’s stock valued at $8,338,000 after buying an additional 41,748 shares during the period. 68.69% of the stock is currently owned by hedge funds and other institutional investors.

Lionbridge Technologies Inc. (NASDAQ:LIOX) traded down 2.02% on Friday, hitting $4.86. 88,376 shares of the company’s stock traded hands. The stock has a market cap of $284.39 million, a PE ratio of 30.19 and a beta of 1.34. The stock has a 50-day moving average of $4.88 and a 200-day moving average of $4.62. Lionbridge Technologies Inc. has a one year low of $3.90 and a one year high of $6.26.

Lionbridge Technologies (NASDAQ:LIOX) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.03. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 27.44%. The firm earned $144.20 million during the quarter, compared to analysts’ expectations of $146.35 million. During the same period in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that Lionbridge Technologies Inc. will post $0.56 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $6.00 price target on shares of Lionbridge Technologies in a research note on Tuesday, August 9th. Zacks Investment Research lowered Lionbridge Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.

Lionbridge Technologies Company Profile

Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.

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