Engineers Gate Manager LP raised its holdings in Alere Inc. (NYSE:ALR) by 1,282.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,153 shares of the medical research company’s stock after acquiring an additional 85,486 shares during the quarter. Engineers Gate Manager LP owned about 0.11% of Alere worth $4,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in Alere by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 6,958 shares of the medical research company’s stock valued at $349,000 after acquiring an additional 28 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Alere by 0.5% in the first quarter. Asset Management One Co. Ltd. now owns 15,940 shares of the medical research company’s stock valued at $633,000 after purchasing an additional 79 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Alere by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 40,617 shares of the medical research company’s stock valued at $1,614,000 after purchasing an additional 258 shares during the period. Prudential Financial Inc. raised its position in shares of Alere by 5.8% in the second quarter. Prudential Financial Inc. now owns 5,515 shares of the medical research company’s stock valued at $277,000 after purchasing an additional 300 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Alere by 3.0% in the first quarter. Pacer Advisors Inc. now owns 10,810 shares of the medical research company’s stock valued at $429,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Shares of Alere Inc. (NYSE:ALR) traded up 0.14% during midday trading on Thursday, reaching $49.92. 65,299 shares of the company’s stock traded hands. The stock has a 50 day moving average of $49.70 and a 200-day moving average of $46.73. The stock’s market cap is $4.37 billion. Alere Inc. has a 52-week low of $34.41 and a 52-week high of $50.63.

ALR has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Alere from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. BTIG Research reissued a “neutral” rating on shares of Alere in a research report on Monday, May 15th. Canaccord Genuity reissued a “buy” rating and issued a $51.00 price target on shares of Alere in a research report on Monday, May 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target on shares of Alere in a research report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Alere from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.00.

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Alere Profile

Alere Inc is a provider of health information through diagnostic tests. The Company’s segments include professional diagnostics, consumer diagnostics, and corporate and other. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus.

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Institutional Ownership by Quarter for Alere (NYSE:ALR)

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