Harrington Investments INC reduced its position in shares of Hologic, Inc. (NASDAQ:HOLX – Get Rating) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,704 shares of the medical equipment provider's stock after selling 400 shares during the period. Harrington Investments INC's holdings in Hologic were worth $603,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Advisors Network LLC increased its position in Hologic by 17.1% in the first quarter. Integrated Advisors Network LLC now owns 3,800 shares of the medical equipment provider's stock worth $292,000 after buying an additional 555 shares during the period. Advisor Group Holdings Inc. increased its position in Hologic by 32.4% in the first quarter. Advisor Group Holdings Inc. now owns 38,475 shares of the medical equipment provider's stock worth $2,721,000 after buying an additional 9,410 shares during the period. McGuire Investment Group LLC increased its position in Hologic by 1.2% in the first quarter. McGuire Investment Group LLC now owns 147,777 shares of the medical equipment provider's stock worth $11,352,000 after buying an additional 1,818 shares during the period. Crossmark Global Holdings Inc. increased its position in Hologic by 56.5% in the first quarter. Crossmark Global Holdings Inc. now owns 43,727 shares of the medical equipment provider's stock worth $3,359,000 after buying an additional 15,780 shares during the period. Finally, CIBC Asset Management Inc increased its position in Hologic by 196.3% in the first quarter. CIBC Asset Management Inc now owns 71,148 shares of the medical equipment provider's stock worth $5,466,000 after buying an additional 47,134 shares during the period. 85.70% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
Several research analysts have recently issued reports on HOLX shares. BTIG Research cut Hologic from a "buy" rating to a "neutral" rating in a research note on Monday, July 18th. Bank of America cut Hologic from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $81.00 to $75.00 in a research note on Wednesday, July 20th. Morgan Stanley decreased their price target on Hologic from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Thursday, July 28th. Finally, UBS Group started coverage on Hologic in a research note on Wednesday, July 20th. They issued a "neutral" rating and a $73.00 price target for the company. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hologic has a consensus rating of "Hold" and an average target price of $76.71.
Hologic Price Performance
HOLX stock traded up $1.40 during trading hours on Monday, hitting $65.92. 2,996 shares of the stock traded hands, compared to its average volume of 1,760,696. The stock has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $72.05. Hologic, Inc. has a one year low of $61.57 and a one year high of $80.49. The company has a market cap of $16.46 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.73 and a beta of 1.02. The company has a current ratio of 3.91, a quick ratio of 3.32 and a debt-to-equity ratio of 0.57.
Hologic (NASDAQ:HOLX – Get Rating) last announced its earnings results on Wednesday, July 27th. The medical equipment provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.26. Hologic had a return on equity of 37.48% and a net margin of 28.93%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $896.71 million. During the same quarter last year, the business posted $1.33 earnings per share. The company's quarterly revenue was down 14.2% on a year-over-year basis. Equities analysts forecast that Hologic, Inc. will post 5.82 earnings per share for the current year.
Hologic Profile
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Hologic, Inc develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
Further Reading
- Get a free copy of the StockNews.com research report on Hologic (HOLX)
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