ARP Americas LP grew its holdings in Finisar Co. (NASDAQ:FNSR) by 274.8% in the 1st quarter, HoldingsChannel reports. The fund owned 996,498 shares of the technology company’s stock after purchasing an additional 730,646 shares during the quarter. Finisar accounts for 2.2% of ARP Americas LP’s portfolio, making the stock its 18th biggest position. ARP Americas LP’s holdings in Finisar were worth $23,089,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Investors Research Corp bought a new position in shares of Finisar during the first quarter worth about $37,000. Bessemer Group Inc. bought a new position in shares of Finisar during the fourth quarter worth about $43,000. Versant Capital Management Inc grew its holdings in shares of Finisar by 117.2% during the first quarter. Versant Capital Management Inc now owns 2,604 shares of the technology company’s stock worth $60,000 after buying an additional 1,405 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Finisar by 57.3% during the fourth quarter. Bank of Montreal Can now owns 3,535 shares of the technology company’s stock worth $76,000 after buying an additional 1,288 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Finisar during the fourth quarter worth about $119,000. Institutional investors own 96.61% of the company’s stock.

Shares of NASDAQ FNSR opened at $21.19 on Friday. Finisar Co. has a 52 week low of $15.81 and a 52 week high of $24.77. The company has a quick ratio of 5.43, a current ratio of 6.79 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.52 billion, a P/E ratio of 66.22, a P/E/G ratio of 2.02 and a beta of 1.41.

Finisar (NASDAQ:FNSR) last issued its quarterly earnings results on Thursday, February 28th. The technology company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Finisar had a positive return on equity of 2.56% and a negative net margin of 4.48%. The firm had revenue of $327.64 million during the quarter, compared to analysts’ expectations of $343.27 million. As a group, equities research analysts anticipate that Finisar Co. will post 0.55 EPS for the current year.

A number of research firms recently issued reports on FNSR. BidaskClub downgraded Finisar from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded Finisar from a “hold” rating to a “strong sell” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.29.

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Finisar Company Profile

Finisar Corporation provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics, and automotive companies in the United States, China, Malaysia, and internationally. The company's optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in wireline networks comprising switches, routers, and servers, as well as wireless networks, such as antennas and base stations.

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Institutional Ownership by Quarter for Finisar (NASDAQ:FNSR)

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