Janus Henderson Group PLC Raises Position in Hologic, Inc. (HOLX)
Janus Henderson Group PLC increased its stake in shares of Hologic, Inc. (NASDAQ:HOLX) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,035 shares of the medical equipment provider’s stock after buying an additional 38,283 shares during the period. Janus Henderson Group PLC owned 0.10% of Hologic worth $10,458,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of HOLX. Advisors Asset Management Inc. lifted its position in Hologic by 7.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 16,602 shares of the medical equipment provider’s stock worth $753,000 after buying an additional 1,140 shares in the last quarter. KBC Group NV lifted its position in Hologic by 60.5% during the 2nd quarter. KBC Group NV now owns 34,855 shares of the medical equipment provider’s stock valued at $1,582,000 after purchasing an additional 13,138 shares during the period. Jennison Associates LLC acquired a new position in Hologic during the 2nd quarter valued at about $454,000. Marshall Wace North America L.P. acquired a new position in Hologic during the 2nd quarter valued at about $1,517,000. Finally, William Blair Investment Management LLC lifted its position in Hologic by 56.1% during the 2nd quarter. William Blair Investment Management LLC now owns 15,928 shares of the medical equipment provider’s stock valued at $723,000 after purchasing an additional 5,722 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.
In related news, Director Elaine Ullian sold 9,282 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $40.50, for a total transaction of $375,921.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence M. Levy sold 9,596 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $36.81, for a total value of $353,228.76. The disclosure for this sale can be found here. Insiders sold a total of 28,833 shares of company stock worth $1,107,270 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.
Shares of Hologic, Inc. (HOLX) opened at $43.37 on Tuesday. The firm has a market cap of $11,960.00, a P/E ratio of 16.43, a P/E/G ratio of 2.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.79 and a quick ratio of 0.61. Hologic, Inc. has a 52-week low of $35.76 and a 52-week high of $46.80.
Hologic (NASDAQ:HOLX) last announced its quarterly earnings results on Wednesday, November 8th. The medical equipment provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $802.90 million for the quarter, compared to the consensus estimate of $792.54 million. Hologic had a net margin of 24.70% and a return on equity of 21.69%. Hologic’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. research analysts predict that Hologic, Inc. will post 2.12 earnings per share for the current fiscal year.
A number of research firms have issued reports on HOLX. Cowen upgraded shares of Hologic to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, December 20th. Needham & Company LLC restated a “buy” rating and set a $48.00 target price (up from $46.00) on shares of Hologic in a research report on Tuesday, December 5th. Goldman Sachs Group upgraded shares of Hologic from a “buy” rating to a “conviction-buy” rating and upped their target price for the company from $45.00 to $50.00 in a research report on Friday, December 8th. Piper Jaffray Companies restated a “buy” rating and set a $48.00 target price on shares of Hologic in a research report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $45.00 target price (down from $48.00) on shares of Hologic in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.93.
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Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.
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