23,208 Shares in Luna Innovations Incorporated (NASDAQ:LUNA) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Luna Innovations Incorporated (NASDAQ:LUNA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,208 shares of the scientific and technical instruments company’s stock, valued at approximately $55,000. XTX Topco Ltd owned approximately 0.07% of Luna Innovations at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LUNA. Royce & Associates LP lifted its stake in shares of Luna Innovations by 4.0% during the 3rd quarter. Royce & Associates LP now owns 2,797,038 shares of the scientific and technical instruments company’s stock worth $6,573,000 after purchasing an additional 107,566 shares during the last quarter. Needham Investment Management LLC lifted its position in shares of Luna Innovations by 150.0% during the third quarter. Needham Investment Management LLC now owns 1,000,000 shares of the scientific and technical instruments company’s stock valued at $2,350,000 after buying an additional 600,000 shares during the last quarter. Marathon Capital Management lifted its holdings in shares of Luna Innovations by 9.8% during the 2nd quarter. Marathon Capital Management now owns 167,500 shares of the scientific and technical instruments company’s stock valued at $536,000 after purchasing an additional 15,000 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Luna Innovations by 402.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 155,482 shares of the scientific and technical instruments company’s stock valued at $365,000 after purchasing an additional 124,543 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Luna Innovations by 353.7% in the 2nd quarter. Squarepoint Ops LLC now owns 155,409 shares of the scientific and technical instruments company’s stock valued at $497,000 after acquiring an additional 121,154 shares during the period. 87.46% of the stock is owned by hedge funds and other institutional investors.

Luna Innovations Stock Down 3.2 %

Shares of LUNA opened at $1.50 on Monday. The stock has a market cap of $50.94 million, a PE ratio of -18.75 and a beta of 1.62. The firm’s fifty day moving average is $1.71 and its two-hundred day moving average is $2.34. Luna Innovations Incorporated has a 52-week low of $1.43 and a 52-week high of $7.92.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Luna Innovations in a report on Wednesday, December 18th. They set a “sell” rating on the stock.

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.