Short Interest in Hologic, Inc. (HOLX) Increases By 21.4%
Hologic, Inc. (NASDAQ:HOLX) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 9,708,883 shares, a growth of 21.4% from the January 12th total of 7,998,980 shares. Based on an average daily volume of 2,710,198 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.5% of the shares of the company are short sold.
A number of research analysts recently issued reports on the company. BidaskClub lowered Hologic from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Evercore ISI assumed coverage on Hologic in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Hologic in a research report on Thursday, February 1st. Stifel Nicolaus lowered Hologic from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $42.00 in a research report on Friday. Finally, Cowen upgraded Hologic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Monday, December 11th. 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 stock. Hologic has a consensus rating of “Buy” and a consensus target price of $48.36.
Shares of Hologic (HOLX) opened at $37.75 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.79. The firm has a market capitalization of $10,438.97, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.76 and a beta of 0.77. Hologic has a 12 month low of $35.33 and a 12 month high of $46.80.
In related news, VP Karleen Marie Oberton sold 1,023 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $39.84, for a total transaction of $40,756.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HOLX. Koch Industries Inc. raised its stake in shares of Hologic by 15,554.1% in the 2nd quarter. Koch Industries Inc. now owns 1,149,481 shares of the medical equipment provider’s stock worth $1,125,000 after buying an additional 1,142,138 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Hologic by 1.4% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 244,620 shares of the medical equipment provider’s stock worth $8,975,000 after buying an additional 3,391 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Hologic by 15.5% in the 3rd quarter. Janus Henderson Group PLC now owns 285,035 shares of the medical equipment provider’s stock worth $10,458,000 after buying an additional 38,283 shares in the last quarter. Cipher Capital LP raised its stake in shares of Hologic by 57.9% in the 3rd quarter. Cipher Capital LP now owns 117,673 shares of the medical equipment provider’s stock worth $4,317,000 after buying an additional 43,146 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Hologic by 66.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,487 shares of the medical equipment provider’s stock worth $458,000 after buying an additional 4,984 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.
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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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