Hologic (HOLX) Lowered to “Sell” at BidaskClub
Hologic (NASDAQ:HOLX) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.
Several other research analysts have also commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Hologic in a research report on Tuesday, January 9th. Bank of America raised Hologic from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, January 4th. Evercore ISI assumed coverage on Hologic in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price target on the stock. Cowen raised Hologic to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, December 20th. Finally, Goldman Sachs Group raised Hologic from a “buy” rating to a “conviction-buy” rating and lifted their price target for the stock from $45.00 to $50.00 in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.79.
Hologic (NASDAQ:HOLX) traded up $0.16 on Friday, reaching $43.71. The company’s stock had a trading volume of 3,060,000 shares, compared to its average volume of 2,747,611. The firm has a market capitalization of $12,050.00, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. Hologic has a 52 week low of $35.76 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.79.
In other news, Director Elaine Ullian sold 9,282 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $40.50, for a total value of $375,921.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Karleen Marie Oberton sold 1,023 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $39.84, for a total value of $40,756.32. The disclosure for this sale can be found here. In the last three months, insiders sold 12,099 shares of company stock worth $487,223. Corporate insiders own 0.79% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. boosted its stake in shares of Hologic by 15,554.1% in the second quarter. Koch Industries Inc. now owns 1,149,481 shares of the medical equipment provider’s stock valued at $1,125,000 after buying an additional 1,142,138 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of Hologic by 8.1% in the second quarter. Picton Mahoney Asset Management now owns 57,150 shares of the medical equipment provider’s stock valued at $2,593,000 after buying an additional 4,300 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Hologic by 1.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 244,620 shares of the medical equipment provider’s stock valued at $8,975,000 after buying an additional 3,391 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Hologic in the second quarter valued at approximately $908,000. Finally, Cipher Capital LP boosted its stake in shares of Hologic by 57.9% in the third quarter. Cipher Capital LP now owns 117,673 shares of the medical equipment provider’s stock valued at $4,317,000 after buying an additional 43,146 shares in the last quarter. 97.58% of the stock is currently owned by institutional investors and hedge funds.
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Hologic Company Profile
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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