Bank of Montreal Can lessened its stake in shares of Hologic, Inc. (NASDAQ:HOLX) by 73.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,601 shares of the medical equipment provider’s stock after selling 866,370 shares during the period. Bank of Montreal Can owned 0.12% of Hologic worth $13,579,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOLX. Grove Bank & Trust raised its position in Hologic by 115.8% in the 3rd quarter. Grove Bank & Trust now owns 2,860 shares of the medical equipment provider’s stock worth $105,000 after purchasing an additional 1,535 shares during the period. Hall Laurie J Trustee raised its position in Hologic by 10.2% in the 2nd quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock worth $110,000 after purchasing an additional 225 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Hologic during the second quarter worth approximately $191,000. National Asset Management Inc. purchased a new position in shares of Hologic during the second quarter worth approximately $203,000. Finally, Rothschild Investment Corp IL purchased a new position in shares of Hologic during the third quarter worth approximately $236,000. 93.84% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Cowen raised shares of Hologic to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, December 20th. Deutsche Bank lowered shares of Hologic from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Friday, January 19th. Zacks Investment Research raised shares of Hologic from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus downgraded shares of Hologic from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $42.00 in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Hologic in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hologic has an average rating of “Buy” and an average target price of $48.36.
In other news, VP Karleen Marie Oberton sold 1,023 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.84, for a total transaction of $40,756.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is owned by insiders.
Hologic, Inc. (NASDAQ HOLX) opened at $38.04 on Tuesday. Hologic, Inc. has a fifty-two week low of $35.33 and a fifty-two week high of $46.80. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87. The stock has a market cap of $10,410.00, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.71 and a beta of 0.77.
Hologic (NASDAQ:HOLX) last released its quarterly earnings data on Thursday, February 8th. The medical equipment provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Hologic had a net margin of 34.53% and a return on equity of 20.07%. The company had revenue of $791.10 million during the quarter, compared to analysts’ expectations of $785.80 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts forecast that Hologic, Inc. will post 2.25 EPS for the current year.
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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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