Wellington Shields Capital Management LLC grew its holdings in shares of Finisar Co. (NASDAQ:FNSR) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,150 shares of the technology company’s stock after purchasing an additional 6,550 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Finisar were worth $817,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Finisar by 103.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,728 shares of the technology company’s stock worth $127,000 after purchasing an additional 2,912 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Finisar by 43.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,912 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,805 shares during the period. Cheyne Capital Management UK LLP purchased a new position in shares of Finisar during the 3rd quarter worth $155,000. Cubist Systematic Strategies LLC lifted its stake in shares of Finisar by 598.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,004 shares of the technology company’s stock worth $155,000 after purchasing an additional 6,001 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in shares of Finisar during the 4th quarter worth $158,000. 90.94% of the stock is currently owned by institutional investors.

In related news, Director Jerry S. Rawls sold 30,209 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $17.94, for a total value of $541,949.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger C. Ferguson sold 3,000 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $21.68, for a total value of $65,040.00. Following the completion of the sale, the director now owns 41,034 shares of the company’s stock, valued at $889,617.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,578 shares of company stock valued at $1,273,865. Insiders own 1.02% of the company’s stock.

FNSR has been the topic of a number of recent analyst reports. Piper Jaffray Companies increased their price target on Finisar from $22.00 to $28.00 in a research note on Wednesday, December 13th. DA Davidson reissued a “buy” rating and set a $30.00 price target on shares of Finisar in a research note on Wednesday, November 29th. William Blair reissued a “buy” rating on shares of Finisar in a research note on Friday, December 8th. Raymond James Financial set a $22.00 price target on Finisar and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus reduced their price target on Finisar from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.27.

Shares of Finisar Co. (NASDAQ FNSR) opened at $17.55 on Friday. The company has a market capitalization of $2,033.05, a price-to-earnings ratio of 10.03, a PEG ratio of 1.93 and a beta of 1.07. The company has a current ratio of 7.81, a quick ratio of 6.31 and a debt-to-equity ratio of 0.44. Finisar Co. has a twelve month low of $16.64 and a twelve month high of $36.41.

Finisar (NASDAQ:FNSR) last released its quarterly earnings data on Thursday, December 7th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $332.21 million during the quarter, compared to the consensus estimate of $331.69 million. Finisar had a return on equity of 9.51% and a net margin of 14.33%. research analysts predict that Finisar Co. will post 0.66 earnings per share for the current year.

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Finisar Company Profile

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.

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Institutional Ownership by Quarter for Finisar (NASDAQ:FNSR)

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