Public Employees Retirement Association of Colorado cut its stake in shares of Alere Inc (NYSE:ALR) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,677 shares of the medical research company’s stock after selling 1,529 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alere were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALR. Teacher Retirement System of Texas grew its position in Alere by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 6,958 shares of the medical research company’s stock worth $349,000 after acquiring an additional 28 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Alere by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,585 shares of the medical research company’s stock worth $130,000 after acquiring an additional 179 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Alere by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 40,617 shares of the medical research company’s stock worth $1,614,000 after acquiring an additional 258 shares in the last quarter. Prudential Financial Inc. grew its position in Alere by 5.8% in the second quarter. Prudential Financial Inc. now owns 5,515 shares of the medical research company’s stock worth $277,000 after acquiring an additional 300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Alere by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,094 shares of the medical research company’s stock worth $155,000 after acquiring an additional 321 shares in the last quarter. 89.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alere Inc (NYSE ALR) opened at $50.99 on Monday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 2.04. Alere Inc has a one year low of $34.41 and a one year high of $51.00.

Several research firms have commented on ALR. BidaskClub raised shares of Alere from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Canaccord Genuity reissued a “hold” rating and issued a $51.00 target price on shares of Alere in a research report on Tuesday, September 19th. Finally, Zacks Investment Research downgraded shares of Alere from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Alere currently has a consensus rating of “Hold” and an average target price of $51.00.

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Alere Company Profile

Alere Inc is a provider of health information through diagnostic tests. The Company’s segments include professional diagnostics, consumer diagnostics, and corporate and other. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus.

Institutional Ownership by Quarter for Alere (NYSE:ALR)

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