Short Interest in Hologic Inc. (HOLX) Decreases By 23.8%
Hologic Inc. (NASDAQ:HOLX) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 3,443,874 shares, a decrease of 23.8% from the October 31st total of 4,517,177 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 3,626,663 shares, the short-interest ratio is currently 0.9 days.
In other news, VP Karleen Marie Oberton sold 31,470 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $40.00, for a total value of $1,258,800.00. Following the completion of the sale, the vice president now directly owns 17,005 shares in the company, valued at approximately $680,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elaine Ullian sold 18,236 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $39.88, for a total value of $727,251.68. Following the completion of the sale, the director now owns 42,898 shares of the company’s stock, valued at $1,710,772.24. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its stake in Hologic by 1.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 4,176 shares of the company’s stock worth $144,000 after buying an additional 51 shares in the last quarter. Norinchukin Bank The boosted its stake in Hologic by 0.4% in the second quarter. Norinchukin Bank The now owns 12,724 shares of the company’s stock worth $440,000 after buying an additional 53 shares in the last quarter. US Bancorp DE boosted its stake in Hologic by 0.7% in the second quarter. US Bancorp DE now owns 13,542 shares of the company’s stock worth $468,000 after buying an additional 92 shares in the last quarter. Calvert Investment Management Inc. boosted its stake in Hologic by 0.8% in the second quarter. Calvert Investment Management Inc. now owns 15,244 shares of the company’s stock worth $527,000 after buying an additional 122 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Hologic by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 10,559 shares of the company’s stock worth $410,000 after buying an additional 144 shares in the last quarter. 92.95% of the stock is owned by institutional investors and hedge funds.
Shares of Hologic (NASDAQ:HOLX) opened at 38.98 on Wednesday. The company has a market cap of $10.84 billion, a P/E ratio of 33.60 and a beta of 1.13. The firm has a 50-day moving average of $37.85 and a 200 day moving average of $36.89. Hologic has a 52 week low of $31.84 and a 52 week high of $41.66.
Hologic (NASDAQ:HOLX) last released its earnings results on Wednesday, November 2nd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business earned $726.80 million during the quarter, compared to analysts’ expectations of $721.52 million. Hologic had a net margin of 11.68% and a return on equity of 26.76%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Equities analysts expect that Hologic will post $2.15 EPS for the current fiscal year.
Several equities research analysts have recently commented on HOLX shares. BTIG Research upped their price objective on Hologic from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, November 3rd. Needham & Company LLC restated a “hold” rating on shares of Hologic in a research note on Thursday, November 3rd. Leerink Swann restated a “top pick” rating and issued a $43.00 price objective (down from $46.00) on shares of Hologic in a research note on Thursday, November 3rd. Zacks Investment Research lowered Hologic from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, Barclays PLC upgraded Hologic from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $42.00 to $44.00 in a research note on Friday, September 23rd. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.20.
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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. Its Diagnostics products include its Aptima family of assays, which run on its advanced instrumentation systems (Panther and Tigris); ThinPrep system; the Rapid Fetal Fibronectin Test, and Procleix blood screening assays.
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