UBS Group AG lessened its stake in Nlight Inc (NASDAQ:LASR) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,715 shares of the company’s stock after selling 749 shares during the quarter. UBS Group AG’s holdings in Nlight were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LASR. Marshall Wace LLP acquired a new position in shares of Nlight in the first quarter valued at approximately $379,000. Raymond James & Associates boosted its holdings in shares of Nlight by 15.8% in the first quarter. Raymond James & Associates now owns 27,760 shares of the company’s stock valued at $291,000 after buying an additional 3,782 shares during the period. SG Americas Securities LLC acquired a new position in shares of Nlight in the first quarter valued at approximately $406,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Nlight in the first quarter valued at approximately $132,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Nlight in the first quarter valued at approximately $3,396,000. Institutional investors own 81.72% of the company’s stock.

LASR has been the subject of several recent research reports. Zacks Investment Research cut shares of Nlight from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Canaccord Genuity increased their target price on shares of Nlight from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC increased their target price on shares of Nlight from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Benchmark restated a “hold” rating on shares of Nlight in a report on Thursday, August 6th. Finally, TheStreet cut shares of Nlight from a “c-” rating to a “d” rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.00.

In other news, CEO Scott H. Keeney sold 5,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $24.66, for a total value of $123,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ran Bareket sold 12,500 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $24.21, for a total transaction of $302,625.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,054 shares of company stock valued at $866,189. Corporate insiders own 5.50% of the company’s stock.

Shares of LASR stock opened at $22.60 on Thursday. The stock has a market cap of $878.55 million, a P/E ratio of -32.75 and a beta of 2.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.52 and a quick ratio of 4.16. The company has a fifty day moving average price of $23.03 and a two-hundred day moving average price of $19.44. Nlight Inc has a one year low of $9.03 and a one year high of $26.48.

Nlight (NASDAQ:LASR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The firm had revenue of $52.14 million during the quarter, compared to analyst estimates of $48.01 million. Nlight had a negative net margin of 14.17% and a negative return on equity of 9.17%. As a group, equities research analysts anticipate that Nlight Inc will post -0.6 EPS for the current fiscal year.

About Nlight

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It also produces optical fiber products. The company markets and sells its products to original equipment manufacturers primarily through direct sales force in the United States, China, South Korea, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.

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Institutional Ownership by Quarter for Nlight (NASDAQ:LASR)

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