M&T Bank Corp trimmed its holdings in shares of Analogic Co. (NASDAQ:ALOG) by 20.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,331 shares of the medical research company’s stock after selling 1,367 shares during the period. M&T Bank Corp’s holdings in Analogic were worth $446,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Aperio Group LLC purchased a new position in shares of Analogic during the 4th quarter worth approximately $218,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Analogic during the 3rd quarter worth approximately $224,000. Piedmont Investment Advisors LLC purchased a new position in shares of Analogic during the 3rd quarter worth approximately $227,000. Crossmark Global Holdings Inc. purchased a new position in shares of Analogic during the 3rd quarter worth approximately $250,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Analogic during the 4th quarter worth approximately $361,000. 93.90% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on ALOG shares. Zacks Investment Research cut shares of Analogic from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. BidaskClub cut shares of Analogic from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Jefferies Group reissued a “hold” rating and set a $80.00 price objective on shares of Analogic in a research note on Friday, December 8th.
Analogic Co. (ALOG) opened at $82.75 on Friday. Analogic Co. has a 12 month low of $66.00 and a 12 month high of $89.50. The firm has a market cap of $1,041.85, a P/E ratio of 42.79, a PEG ratio of 4.17 and a beta of 0.82.
Analogic (NASDAQ:ALOG) last issued its quarterly earnings data on Wednesday, December 6th. The medical research company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.32. Analogic had a negative net margin of 15.06% and a positive return on equity of 5.09%. The business had revenue of $106.90 million during the quarter, compared to analysts’ expectations of $100.55 million. During the same period last year, the company posted $0.43 EPS. The company’s revenue was down 11.7% on a year-over-year basis. analysts anticipate that Analogic Co. will post 2.86 EPS for the current year.
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Analogic Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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