SG Americas Securities LLC Grows Stock Holdings in nLight $LASR

SG Americas Securities LLC increased its position in nLight (NASDAQ:LASR) by 255.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,693 shares of the company’s stock after buying an additional 14,148 shares during the quarter. SG Americas Securities LLC’s holdings in nLight were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LASR. Assenagon Asset Management S.A. lifted its position in shares of nLight by 1.6% in the third quarter. Assenagon Asset Management S.A. now owns 22,301 shares of the company’s stock valued at $661,000 after acquiring an additional 357 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of nLight by 12.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company’s stock worth $97,000 after purchasing an additional 561 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in nLight by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company’s stock valued at $354,000 after purchasing an additional 723 shares during the period. GAMMA Investing LLC lifted its holdings in nLight by 147.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in nLight by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock worth $214,000 after purchasing an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of nLight from $39.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Roth Mkm initiated coverage on shares of nLight in a research report on Wednesday, December 17th. They set a “buy” rating and a $44.00 target price for the company. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald raised their price objective on nLight from $33.50 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.43.

nLight Trading Up 4.5%

Shares of LASR opened at $48.00 on Friday. The company’s fifty day moving average is $37.34 and its 200 day moving average is $30.81. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $48.31. The stock has a market capitalization of $2.44 billion, a PE ratio of -54.55 and a beta of 2.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63.

Insider Buying and Selling at nLight

In other news, CFO Joseph John Corso sold 66,075 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $36.32, for a total value of $2,399,844.00. Following the sale, the chief financial officer directly owned 196,224 shares in the company, valued at $7,126,855.68. The trade was a 25.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO James Nias sold 1,200 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the transaction, the chief accounting officer directly owned 99,512 shares of the company’s stock, valued at approximately $2,985,360. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 141,262 shares of company stock valued at $5,101,910. Corporate insiders own 4.70% of the company’s stock.

nLight Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.