Geode Capital Management LLC Purchases 19,259 Shares of Frequency Electronics, Inc. (NASDAQ:FEIM)

Geode Capital Management LLC lifted its position in Frequency Electronics, Inc. (NASDAQ:FEIM) by 26.3% in the 3rd quarter, Holdings Channel reports. The fund owned 92,451 shares of the communications equipment provider’s stock after acquiring an additional 19,259 shares during the quarter. Geode Capital Management LLC’s holdings in Frequency Electronics were worth $1,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Evernest Financial Advisors LLC purchased a new stake in Frequency Electronics in the third quarter worth $124,000. Barclays PLC bought a new stake in shares of Frequency Electronics during the 3rd quarter valued at $153,000. XTX Topco Ltd bought a new stake in shares of Frequency Electronics during the 3rd quarter valued at $189,000. Thompson Davis & CO. Inc. grew its position in shares of Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Frequency Electronics by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after acquiring an additional 1,847 shares in the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.

Frequency Electronics Stock Up 0.4 %

Shares of FEIM opened at $17.67 on Friday. The stock has a market cap of $169.83 million, a P/E ratio of 21.55 and a beta of 0.41. The business’s 50 day moving average price is $15.45 and its 200-day moving average price is $13.22. Frequency Electronics, Inc. has a 52 week low of $8.62 and a 52 week high of $20.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th.

About Frequency Electronics

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.