Victory Capital Management Inc. Decreases Stock Holdings in Luna Innovations Incorporated (NASDAQ:LUNA)

Victory Capital Management Inc. reduced its position in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 47.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,257 shares of the scientific and technical instruments company’s stock after selling 141,090 shares during the period. Victory Capital Management Inc. owned about 0.46% of Luna Innovations worth $503,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Luna Innovations by 4.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 244,681 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after acquiring an additional 10,300 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in Luna Innovations in the second quarter valued at $33,000. Summit Securities Group LLC purchased a new stake in Luna Innovations in the second quarter valued at $45,000. Vanguard Group Inc. lifted 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 valued at $5,919,000 after acquiring an additional 16,773 shares during the last quarter. Finally, Keeley Teton Advisors LLC purchased a new stake in Luna Innovations in the first quarter valued at $64,000. 87.46% of the stock is owned by hedge funds and other institutional investors.

Luna Innovations Price Performance

Shares of LUNA opened at $2.21 on Monday. The stock 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 1-year low of $1.91 and a 1-year high of $7.92. The firm has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.98.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Luna Innovations in a research report on Saturday. They issued a “sell” rating for the company.

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.