Charles Schwab Investment Management Inc. reduced its holdings in shares of Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 856,387 shares of the company's stock after selling 175,126 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.69% of Lightwave Logic worth $878,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Lightwave Logic in the fourth quarter valued at about $34,000. Ameriprise Financial Inc. bought a new position in Lightwave Logic in the fourth quarter valued at about $35,000. Price T Rowe Associates Inc. MD raised its position in Lightwave Logic by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 165,768 shares of the company's stock valued at $349,000 after purchasing an additional 35,433 shares during the last quarter. Bank of America Corp DE raised its position in Lightwave Logic by 21.0% in the fourth quarter. Bank of America Corp DE now owns 160,788 shares of the company's stock valued at $338,000 after purchasing an additional 27,900 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Lightwave Logic in the fourth quarter valued at about $49,000. 27.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Lightwave Logic from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.
Check Out Our Latest Stock Analysis on LWLG
Lightwave Logic Stock Performance
Shares of LWLG traded up $0.25 during mid-day trading on Friday, reaching $3.27. 2,171,274 shares of the company were exchanged, compared to its average volume of 2,382,816. Lightwave Logic Inc. has a 52 week low of $0.79 and a 52 week high of $4.23. The stock has a market capitalization of $423.27 million, a PE ratio of -18.17 and a beta of 2.61. The business has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $1.48.
Lightwave Logic (NASDAQ:LWLG - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Lightwave Logic had a negative return on equity of 66.64% and a negative net margin of 22,321.05%.The company had revenue of $0.03 million for the quarter.
About Lightwave Logic
(
Free Report)
Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.
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