Analogic Co. (ALOG) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its stake in shares of Analogic Co. (NASDAQ:ALOG) by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,980 shares of the medical research company’s stock after selling 943 shares during the period. State of Tennessee Treasury Department owned 0.07% of Analogic worth $861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALOG. WINTON GROUP Ltd purchased a new position in Analogic during the fourth quarter valued at $5,686,000. American Century Companies Inc. grew its stake in Analogic by 90.7% during the first quarter. American Century Companies Inc. now owns 136,581 shares of the medical research company’s stock valued at $13,098,000 after acquiring an additional 64,953 shares in the last quarter. Renaissance Technologies LLC grew its stake in Analogic by 31.8% during the fourth quarter. Renaissance Technologies LLC now owns 252,854 shares of the medical research company’s stock valued at $21,177,000 after acquiring an additional 61,006 shares in the last quarter. Prudential Financial Inc. grew its stake in Analogic by 246.2% during the first quarter. Prudential Financial Inc. now owns 80,304 shares of the medical research company’s stock valued at $7,701,000 after acquiring an additional 57,110 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Analogic by 213.5% during the first quarter. Hsbc Holdings PLC now owns 76,946 shares of the medical research company’s stock valued at $7,380,000 after acquiring an additional 52,405 shares in the last quarter. 94.41% of the stock is owned by institutional investors.

A number of equities analysts have commented on ALOG shares. Zacks Investment Research raised shares of Analogic from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective for the company in a research note on Thursday, March 8th. BidaskClub raised shares of Analogic from a “strong sell” rating to a “sell” rating in a research note on Friday, March 30th. ValuEngine raised shares of Analogic from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, TheStreet raised shares of Analogic from a “c+” rating to a “b-” rating in a research note on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $94.00.

Shares of Analogic opened at $83.95 on Friday, MarketBeat Ratings reports. Analogic Co. has a 52 week low of $67.85 and a 52 week high of $101.80. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.84 and a beta of 0.64.

Analogic (NASDAQ:ALOG) last issued its quarterly earnings data on Monday, June 4th. The medical research company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. Analogic had a negative net margin of 1.13% and a positive return on equity of 6.77%. The business had revenue of $119.97 million during the quarter, compared to analysts’ expectations of $113.60 million. sell-side analysts anticipate that Analogic Co. will post 4.23 earnings per share for the current fiscal year.

Analogic Profile

Analogic Corporation designs, manufactures, and sells medical imaging systems, ultrasound and security systems, and subsystems to original equipment manufacturers (OEMs) and end users primarily for the medical and airport security markets worldwide. It operates in three segments: Medical Imaging, Ultrasound, and Security and Detection.

Want to see what other hedge funds are holding ALOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analogic Co. (NASDAQ:ALOG).

Institutional Ownership by Quarter for Analogic (NASDAQ:ALOG)

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


Leave a Reply