AQR Capital Management LLC Takes Position in Luna Innovations Incorporated (NASDAQ:LUNA)

AQR Capital Management LLC acquired a new position in Luna Innovations Incorporated (NASDAQ:LUNA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,439 shares of the scientific and technical instruments company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Luna Innovations by 60.6% during the 1st quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock valued at $6,484,000 after purchasing an additional 763,165 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Luna Innovations by 672.6% during the first 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 during the period. Vanguard Group Inc. raised its position in Luna Innovations by 0.9% in the first 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. Keeley Teton Advisors LLC acquired a new stake in Luna Innovations in the 1st quarter valued at about $64,000. Finally, Alpine Global Management LLC bought a new position in shares of Luna Innovations during the 1st quarter valued at about $75,000. Institutional investors own 87.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Luna Innovations in a report on Tuesday, October 15th. They issued a “sell” rating on the stock.

Luna Innovations Trading Up 8.4 %

LUNA stock opened at $1.94 on Friday. Luna Innovations Incorporated has a one year low of $1.43 and a one year high of $7.92. The firm has a 50-day moving average of $2.18 and a two-hundred day moving average of $2.68. The firm has a market capitalization of $65.88 million, a PE ratio of -24.25 and a beta of 1.58.

Luna Innovations Company Profile

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.