Impact Partnership Wealth LLC purchased a new position in shares of Hologic, Inc. (NASDAQ:HOLX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,057 shares of the medical equipment provider's stock, valued at approximately $374,000.
Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Hologic by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 61,958 shares of the medical equipment provider's stock valued at $4,467,000 after purchasing an additional 735 shares during the last quarter. Corient Private Wealth LLC increased its stake in Hologic by 2.9% in the fourth quarter. Corient Private Wealth LLC now owns 53,306 shares of the medical equipment provider's stock valued at $3,843,000 after purchasing an additional 1,518 shares during the last quarter. Signaturefd LLC grew its position in shares of Hologic by 34.5% during the fourth quarter. Signaturefd LLC now owns 2,940 shares of the medical equipment provider's stock worth $212,000 after acquiring an additional 754 shares during the last quarter. Xponance Inc. grew its position in shares of Hologic by 3.3% during the fourth quarter. Xponance Inc. now owns 34,027 shares of the medical equipment provider's stock worth $2,453,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Hologic by 2.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 344,465 shares of the medical equipment provider's stock worth $24,832,000 after acquiring an additional 9,454 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.
Insiders Place Their Bets
In other news, Director Martin D. Madaus purchased 5,445 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $55.24 per share, for a total transaction of $300,781.80. Following the completion of the acquisition, the director directly owned 5,445 shares in the company, valued at approximately $300,781.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.88% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Raymond James Financial reissued an "outperform" rating and issued a $71.00 target price (down previously from $90.00) on shares of Hologic in a report on Friday, May 2nd. Wall Street Zen cut Hologic from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Mizuho boosted their price target on Hologic from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Needham & Company LLC restated a "hold" rating on shares of Hologic in a research note on Tuesday, May 27th. Finally, Royal Bank Of Canada decreased their price target on Hologic from $75.00 to $70.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hologic currently has an average rating of "Hold" and a consensus target price of $77.33.
Read Our Latest Stock Analysis on HOLX
Hologic Stock Performance
Shares of HOLX stock traded up $0.35 during mid-day trading on Wednesday, reaching $65.72. The stock had a trading volume of 251,166 shares, compared to its average volume of 2,382,793. The firm's 50 day simple moving average is $62.72 and its 200 day simple moving average is $63.07. The company has a quick ratio of 2.52, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. Hologic, Inc. has a one year low of $51.90 and a one year high of $84.67. The firm has a market cap of $14.65 billion, a PE ratio of 27.71, a P/E/G ratio of 2.33 and a beta of 0.55.
Hologic (NASDAQ:HOLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical equipment provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Hologic had a return on equity of 19.71% and a net margin of 13.83%. The business's revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, analysts forecast that Hologic, Inc. will post 4.28 EPS for the current year.
About Hologic
(
Free Report)
Hologic, Inc develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment. The company operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. It provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima viral load assays for Hepatitis B virus, Hepatitis C virus, human immunodeficiency virus, and human cytomegalo virus; Aptima bacterial vaginosis and candida vaginitis assays for the diagnosis of vaginitis; Aptima SARS-CoV-2 and Panther Fusion SARS-CoV-2 assays to detect SARS-CoV-2; ThinPrep System for cytology applications; and Rapid Fetal Fibronectin Test that assists physicians in assessing the risk of pre-term birth.
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