Kingswood Wealth Advisors LLC, a financial firm, has significantly increased its holdings in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The firm now owns 14,158 shares of Lockheed Martin's stock, making it the 17th largest holding in its portfolio. This increase in stake by Kingswood Wealth Advisors reflects confidence in Lockheed Martin's performance and potential.
Kent Lake Capital LLC, another large investor, has made changes to its holdings in FARO Technologies, Inc. (NASDAQ:FARO). In the fourth quarter, Kent Lake Capital reduced its position in the company by 28.4%, selling 184,697 shares. The firm now owns 465,303 shares of FARO Technologies, making it the 5th largest holding in its investment portfolio. The value of the holdings is approximately $10.48 million [3b663ed8].
Kent Lake Capital LLC has also increased its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 200.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the company's stock after acquiring an additional 200,000 shares during the period. Calavo Growers makes up approximately 3.4% of Kent Lake Capital LLC's holdings, making the stock its 12th biggest holding. Kent Lake Capital LLC owned 1.69% of Calavo Growers worth $8,823,000 at the end of the most recent reporting period [6d17cf97].
Other large investors have also made modifications to their holdings of FARO Technologies. The stock is currently trading at $20.35, with a market capitalization of $386.04 million. FARO Technologies reported earnings per share of $0.08 for the last quarter, beating analysts' estimates of ($0.23). The company had revenue of $98.84 million during the quarter. FARO Technologies has a negative return on equity of 20.66% and a negative net margin of 15.77%. The stock has a 52-week low of $10.30 and a 52-week high of $25.23. Analysts at Needham & Company LLC have reiterated a 'buy' rating on the stock with a price target of $27.00 [3b663ed8].
The increased stake by Kingswood Wealth Advisors in Lockheed Martin, the reduced stake by Kent Lake Capital in FARO Technologies, and the increased stake by Kent Lake Capital in Calavo Growers reflect the changing positions of these large investors. These modifications in holdings indicate their assessment of the performance and potential of the respective companies. As one of the largest defense companies in the US, Lockheed Martin continues to attract investor interest and maintain its position as a dominant force in the defense industry. Meanwhile, FARO Technologies, a company specializing in 3D measurement and imaging solutions, is experiencing adjustments in its ownership structure as investors reassess their positions. Similarly, Kent Lake Capital's increased stake in Calavo Growers highlights the firm's confidence in the company's performance and potential [662ade06][3b663ed8][6d17cf97].