nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in nLIGHT, Inc. (NASDAQ:LASR – Get Rating) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,896 shares of the company’s stock after selling 26,630 shares during the quarter. Russell Investments Group Ltd. owned about 0.61% of nLIGHT worth $2,787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in nLIGHT by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,337,527 shares of the company’s stock worth $40,990,000 after buying an additional 297,883 shares during the period. BlackRock Inc. grew its stake in shares of nLIGHT by 1.7% during the 3rd quarter. BlackRock Inc. now owns 3,020,799 shares of the company’s stock worth $28,546,000 after purchasing an additional 51,159 shares during the period. Bank of New York Mellon Corp grew its stake in shares of nLIGHT by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,938,556 shares of the company’s stock worth $18,320,000 after purchasing an additional 128,074 shares during the period. Royce & Associates LP grew its stake in shares of nLIGHT by 7.5% during the 3rd quarter. Royce & Associates LP now owns 1,727,918 shares of the company’s stock worth $16,329,000 after purchasing an additional 120,300 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of nLIGHT by 17.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,655,521 shares of the company’s stock worth $28,707,000 after purchasing an additional 246,869 shares during the period. Institutional investors and hedge funds own 86.85% of the company’s stock.

nLIGHT Stock Performance

Shares of NASDAQ LASR opened at $13.32 on Friday. The firm has a market cap of $610.72 million, a PE ratio of -11.19 and a beta of 2.23. The firm has a fifty day moving average of $10.12 and a 200 day moving average of $10.88. nLIGHT, Inc. has a one year low of $8.22 and a one year high of $14.40.

nLIGHT (NASDAQ:LASR – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.08). The company had revenue of $56.68 million during the quarter, compared to analysts’ expectations of $56.67 million. nLIGHT had a negative return on equity of 17.20% and a negative net margin of 23.17%. On average, equities analysts predict that nLIGHT, Inc. will post -1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LASR. Craig Hallum raised their price objective on shares of nLIGHT from $10.00 to $11.00 in a research note on Friday, May 5th. Needham & Company LLC dropped their price objective on shares of nLIGHT from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 24th.

nLIGHT Company Profile

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nLIGHT, Inc develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers and optical fibers. It operates through the following segments: Laser Products and Advanced Development. The Laser Products segment includes products such as fiber lasers, diodes, complete laser systems and components.