Advisory Research Inc. Has $3.09 Million Stake in Coherent, Inc. (COHR)

Advisory Research Inc. trimmed its stake in Coherent, Inc. (NASDAQ:COHR) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,945 shares of the scientific and technical instruments company’s stock after selling 3,254 shares during the period. Advisory Research Inc.’s holdings in Coherent were worth $3,089,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Epoch Investment Partners Inc. lifted its stake in shares of Coherent by 3.6% in the 3rd quarter. Epoch Investment Partners Inc. now owns 962,918 shares of the scientific and technical instruments company’s stock valued at $226,449,000 after purchasing an additional 33,295 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Coherent by 1.0% in the 3rd quarter. Earnest Partners LLC now owns 636,910 shares of the scientific and technical instruments company’s stock valued at $149,782,000 after purchasing an additional 6,066 shares during the last quarter. NWQ Investment Management Company LLC lifted its stake in shares of Coherent by 10.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 446,953 shares of the scientific and technical instruments company’s stock valued at $105,110,000 after purchasing an additional 43,822 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Coherent by 25.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 316,510 shares of the scientific and technical instruments company’s stock valued at $74,433,000 after purchasing an additional 63,851 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Coherent by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,954 shares of the scientific and technical instruments company’s stock valued at $66,307,000 after purchasing an additional 1,672 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on COHR shares. Zacks Investment Research downgraded Coherent from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Barclays set a $332.00 price target on Coherent and gave the stock a “buy” rating in a report on Wednesday, January 10th. BidaskClub downgraded Coherent from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Stifel Nicolaus reduced their price target on Coherent from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Benchmark increased their price target on Coherent from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $312.22.

In other Coherent news, Director Stephen A. Skaggs sold 500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $212.27, for a total transaction of $106,135.00. Following the transaction, the director now directly owns 10,500 shares in the company, valued at approximately $2,228,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul F. Sechrist sold 1,372 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $300.00, for a total value of $411,600.00. Following the transaction, the executive vice president now owns 2,497 shares in the company, valued at $749,100. The disclosure for this sale can be found here. Insiders have sold a total of 2,874 shares of company stock worth $807,193 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Shares of Coherent, Inc. (NASDAQ:COHR) opened at $210.41 on Friday. The company has a quick ratio of 2.08, a current ratio of 3.18 and a debt-to-equity ratio of 0.42. Coherent, Inc. has a fifty-two week low of $179.60 and a fifty-two week high of $329.00. The firm has a market capitalization of $5,220.00, a P/E ratio of 29.35 and a beta of 0.65.

Coherent (NASDAQ:COHR) last issued its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $3.54 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.02. The firm had revenue of $477.60 million for the quarter, compared to the consensus estimate of $474.21 million. Coherent had a return on equity of 29.82% and a net margin of 11.79%. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. research analysts anticipate that Coherent, Inc. will post 14.62 EPS for the current year.

Coherent declared that its board has approved a stock repurchase program on Wednesday, February 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/17/advisory-research-inc-has-3-09-million-stake-in-coherent-inc-cohr.html.

Coherent Profile

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

Receive News & Ratings for Coherent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply