Investec Asset Management LTD Buys New Stake in Hologic, Inc. (HOLX)

Investec Asset Management LTD acquired a new position in shares of Hologic, Inc. (NASDAQ:HOLX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,701,348 shares of the company’s stock, valued at approximately $68,258,000.

A number of other large investors have also recently modified their holdings of the stock. Korea Investment CORP boosted its stake in shares of Hologic by 58.7% in the third quarter. Korea Investment CORP now owns 112,200 shares of the company’s stock worth $4,357,000 after buying an additional 41,500 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Hologic by 14.8% in the third quarter. State Treasurer State of Michigan now owns 96,800 shares of the company’s stock worth $3,759,000 after buying an additional 12,500 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hologic by 16.1% in the third quarter. Principal Financial Group Inc. now owns 433,172 shares of the company’s stock worth $16,820,000 after buying an additional 59,952 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Hologic by 5.7% in the third quarter. Bank of Montreal Can now owns 1,605,058 shares of the company’s stock worth $62,323,000 after buying an additional 86,170 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Hologic by 0.8% in the third quarter. California State Teachers Retirement System now owns 595,624 shares of the company’s stock worth $23,128,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

Institutional Ownership by Quarter for Hologic (NASDAQ:HOLX)

Shares of Hologic, Inc. (NASDAQ:HOLX) traded up 0.23% during mid-day trading on Monday, hitting $40.02. The stock had a trading volume of 1,388,231 shares. The company has a 50 day moving average price of $39.97 and a 200 day moving average price of $38.78. The firm has a market cap of $11.18 billion, a P/E ratio of 34.21 and a beta of 1.10. Hologic, Inc. has a 12-month low of $31.84 and a 12-month high of $41.24.

Hologic (NASDAQ:HOLX) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Hologic had a return on equity of 27.17% and a net margin of 11.57%. The company earned $734.40 million during the quarter, compared to analysts’ expectations of $725.01 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that Hologic, Inc. will post $1.92 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on HOLX shares. Piper Jaffray Companies raised Hologic from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $44.00 to $48.00 in a report on Wednesday, January 4th. Zacks Investment Research raised Hologic from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a report on Tuesday, January 24th. Evercore ISI lowered Hologic from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Wednesday, January 4th. Canaccord Genuity set a $48.00 target price on Hologic and gave the company a “buy” rating in a report on Thursday, December 15th. Finally, Barclays PLC reissued a “buy” rating and issued a $45.00 target price on shares of Hologic in a report on Thursday, November 3rd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Hologic currently has a consensus rating of “Buy” and an average price target of $44.36.

In other Hologic news, VP Karleen Marie Oberton sold 3,023 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $38.32, for a total value of $115,841.36. Following the completion of the sale, the vice president now owns 13,260 shares of the company’s stock, valued at $508,123.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elaine Ullian sold 9,423 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $39.54, for a total value of $372,585.42. Following the completion of the sale, the director now directly owns 36,798 shares of the company’s stock, valued at approximately $1,454,992.92. The disclosure for this sale can be found here. Insiders sold 13,657 shares of company stock valued at $532,689 in the last ninety days. Insiders own 0.79% of the company’s stock.

About Hologic

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.

5 Day Chart for NASDAQ:HOLX

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