UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,868 shares of the company’s stock after selling 29,509 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Lightwave Logic worth $463,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Lightwave Logic by 9.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,031,361 shares of the company’s stock valued at $2,847,000 after buying an additional 90,609 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Lightwave Logic by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 434,991 shares of the company’s stock worth $1,301,000 after buying an additional 39,576 shares in the last quarter. UMB Bank n.a. grew its holdings in Lightwave Logic by 5.1% during the 2nd quarter. UMB Bank n.a. now owns 331,092 shares of the company’s stock valued at $990,000 after buying an additional 16,000 shares in the last quarter. Financial Advocates Investment Management bought a new stake in Lightwave Logic in the 3rd quarter worth approximately $845,000. Finally, Rhumbline Advisers raised its stake in Lightwave Logic by 5.3% during the second quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock valued at $474,000 after purchasing an additional 8,033 shares in the last quarter. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Lightwave Logic Trading Up 7.1 %

Shares of NASDAQ:LWLG opened at $1.96 on Friday. The company has a market cap of $239.85 million, a price-to-earnings ratio of -10.89 and a beta of 1.95. Lightwave Logic, Inc. has a 12 month low of $1.75 and a 12 month high of $5.68. The company has a 50-day moving average price of $2.97 and a 200 day moving average price of $2.98.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.