Point72 DIFC Ltd Takes Position in Luna Innovations Incorporated (NASDAQ:LUNA)

Point72 DIFC Ltd purchased a new stake in Luna Innovations Incorporated (NASDAQ:LUNA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,294 shares of the scientific and technical instruments company’s stock, valued at approximately $39,000.

Several other large investors have also modified their holdings of LUNA. Wasatch Advisors LP raised its holdings in shares of Luna Innovations by 75.0% in the 4th quarter. Wasatch Advisors LP now owns 1,260,077 shares of the scientific and technical instruments company’s stock valued at $8,380,000 after purchasing an additional 539,933 shares in the last quarter. Avenir Corp raised its stake in shares of Luna Innovations by 35.3% during the 4th quarter. Avenir Corp now owns 221,180 shares of the scientific and technical instruments company’s stock worth $1,471,000 after acquiring an additional 57,700 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Luna Innovations by 672.6% during the 1st quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock worth $223,000 after acquiring an additional 60,547 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Luna Innovations by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,846,673 shares of the scientific and technical instruments company’s stock worth $5,919,000 after acquiring an additional 16,773 shares in the last quarter. Finally, Keeley Teton Advisors LLC bought a new position in shares of Luna Innovations during the 1st quarter worth approximately $64,000. Institutional investors own 87.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Luna Innovations in a research note on Sunday. They set a “sell” rating for the company.

Luna Innovations Stock Up 1.4 %

NASDAQ LUNA opened at $2.21 on Monday. The firm has a market cap of $75.05 million, a PE ratio of -27.63 and a beta of 1.58. Luna Innovations Incorporated has a 52 week low of $1.91 and a 52 week high of $7.92. The company has a 50 day moving average price of $2.45 and a 200 day moving average price of $2.85.

About Luna Innovations

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.