nLight $LASR Shares Acquired by Creative Planning

Creative Planning lifted its holdings in shares of nLight (NASDAQ:LASR) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,166 shares of the company’s stock after purchasing an additional 3,814 shares during the period. Creative Planning owned about 0.12% of nLight worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock valued at $31,000 after buying an additional 924 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of nLight by 162.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $54,000 after acquiring an additional 1,700 shares in the last quarter. Emerald Advisers LLC purchased a new stake in shares of nLight in the second quarter valued at $96,000. State of Wyoming boosted its stake in shares of nLight by 110.6% during the first quarter. State of Wyoming now owns 14,762 shares of the company’s stock valued at $115,000 after acquiring an additional 7,754 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in nLight by 322.3% during the 1st quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company’s stock worth $121,000 after purchasing an additional 11,884 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Insider Activity at nLight

In related news, CEO Scott H. Keeney sold 62,507 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the completion of the sale, the chief executive officer owned 2,319,038 shares of the company’s stock, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Nias sold 1,200 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the transaction, the chief accounting officer directly owned 99,512 shares in the company, valued at approximately $2,985,360. This represents a 1.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 109,502 shares of company stock valued at $3,382,804 over the last quarter. 4.70% of the stock is currently owned by corporate insiders.

nLight Price Performance

nLight stock opened at $35.00 on Friday. nLight has a 1 year low of $6.20 and a 1 year high of $38.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The firm has a 50 day moving average price of $31.35 and a 200 day moving average price of $24.87. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -39.77 and a beta of 2.48.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of nLight in a report on Wednesday, October 8th. Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Raymond James Financial restated a “strong-buy” rating on shares of nLight in a research report on Friday, August 8th. Stifel Nicolaus boosted their price target on nLight from $26.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Cantor Fitzgerald increased their price target on nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, nLight has an average rating of “Buy” and a consensus price target of $32.67.

nLight 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.