Investors Sell Shares of Hologic, Inc. (HOLX) on Strength on Insider Selling
Investors sold shares of Hologic, Inc. (NASDAQ:HOLX) on strength during trading on Wednesday after an insider sold shares in the company. $14.89 million flowed into the stock on the tick-up and $34.06 million flowed out of the stock on the tick-down, for a money net flow of $19.17 million out of the stock. Of all companies tracked, Hologic had the 20th highest net out-flow for the day. Hologic traded up $0.28 for the day and closed at $40.88Specifically, Director Lawrence M. Levy sold 9,596 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $36.81, for a total value of $353,228.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lawrence M. Levy sold 7,139 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $39.04, for a total value of $278,706.56. The disclosure for this sale can be found here. Insiders sold 35,972 shares of company stock worth $1,385,977 over the last quarter. 0.79% of the stock is currently owned by company insiders.
Several brokerages have issued reports on HOLX. BidaskClub lowered Hologic from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Needham & Company LLC reaffirmed a “buy” rating on shares of Hologic in a research report on Tuesday, August 1st. Deutsche Bank AG lowered their target price on Hologic from $51.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) lowered Hologic from a “conviction-buy” rating to a “buy” rating and lowered their target price for the stock from $48.00 to $47.00 in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada lowered their target price on Hologic from $50.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.54.
The stock has a market capitalization of $11,585.71, a PE ratio of 19.90, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.78.
Hologic (NASDAQ:HOLX) last announced its quarterly earnings data on Wednesday, November 8th. The medical equipment provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $802.90 million during the quarter, compared to the consensus estimate of $792.54 million. Hologic had a return on equity of 21.69% and a net margin of 24.70%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. equities research analysts predict that Hologic, Inc. will post 2.12 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in Hologic in the 3rd quarter valued at $618,000. GSA Capital Partners LLP grew its stake in Hologic by 379.5% in the 3rd quarter. GSA Capital Partners LLP now owns 63,760 shares of the medical equipment provider’s stock valued at $2,339,000 after purchasing an additional 50,463 shares during the period. Americafirst Capital Management LLC bought a new position in Hologic in the 3rd quarter valued at $554,000. IFM Investors Pty Ltd bought a new position in Hologic in the 3rd quarter valued at $335,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Hologic by 66.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,487 shares of the medical equipment provider’s stock valued at $458,000 after purchasing an additional 4,984 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.
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Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.
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