Quantbot Technologies LP Grows Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

Quantbot Technologies LP boosted its position in nLIGHT, Inc. (NASDAQ:LASR) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,864 shares of the company’s stock after buying an additional 1,772 shares during the period. Quantbot Technologies LP’s holdings in nLIGHT were worth $124,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in nLIGHT in the third quarter valued at about $123,000. Charles Schwab Investment Management Inc. boosted its stake in shares of nLIGHT by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company’s stock valued at $4,124,000 after buying an additional 8,139 shares in the last quarter. Algert Global LLC purchased a new stake in shares of nLIGHT in the third quarter valued at approximately $622,000. BNP Paribas Financial Markets grew its holdings in nLIGHT by 292.6% during the third quarter. BNP Paribas Financial Markets now owns 37,321 shares of the company’s stock worth $399,000 after acquiring an additional 27,815 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in nLIGHT in the third quarter valued at $50,000. 83.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at nLIGHT

In related news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now owns 1,267,927 shares of the company’s stock, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LASR shares. Needham & Company LLC lowered their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

nLIGHT Trading Down 3.9 %

Shares of NASDAQ LASR opened at $7.95 on Monday. The company’s 50-day moving average price is $9.94 and its 200 day moving average price is $10.64. nLIGHT, Inc. has a 52 week low of $7.84 and a 52 week high of $14.73. The stock has a market cap of $389.80 million, a price-to-earnings ratio of -7.72 and a beta of 2.29.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The business had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. As a group, research analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.