Ariel Investment reduced stake in MTS Systems Corporation By biedex.markets

2 mins read
© Reuters.  Ariel Investment reduced stake in MTS Systems Corporation

© Reuters. Ariel Investment reduced stake in MTS Systems Corporation

On the 31st of December, Ariel Investment sold 247 thousand MTS Systems Corporation (MTSC) shares for $14 million at an average price of $58.16 per share.
Shares of MTS Systems Corporation are up 0.45% since the transaction.

Ariel Investment’s holding in MTS Systems Corporation decreased to about 301 thousand shares with the transaction.

Ariel Investment first bought MTS Systems Corporation stock in the second quarter of 2013.
Ariel Investment also owns Knowles Corporation (NYSE:), Littelfuse , Inc. (NASDAQ:), Methode Electronics, Inc. (NYSE:) and FLIR Systems Inc. (NASDAQ:).
MTS Systems Corporation is its number five position by number of shares and market value among electronic equipment stocks.

Other investors who also reduced their MTS Systems Corporation shares include Citigroup (NYSE:), Mairs & Power Inc, and Fuller & Thaler Asset Management.
Contrary to Ariel Investment, Millennium Management, Select Equity Group, and Victory Capital Management added to MTSC shares.

Ariel Investment also reduced their share in STRATTEC SECURITY CORPORATION (STRT).
The total value of the shares sold is estimated at around $3.8 million.

Additionally, Ariel Investment added to their share in Core Laboratories N.V. (NYSE:), Meredith Corp (NYSE:), OneSpaWorld Holdings Limited (NASDAQ:) and Madison Square Garden Entertain (MSGE).
The total value of the shares bought is estimated at around $172 million.