AMH Equity Ltd Cuts Stake in nLight $LASR

AMH Equity Ltd decreased its position in shares of nLight (NASDAQ:LASR) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,000 shares of the company’s stock after selling 50,000 shares during the quarter. nLight makes up 1.8% of AMH Equity Ltd’s investment portfolio, making the stock its 19th largest position. AMH Equity Ltd owned approximately 0.10% of nLight worth $1,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LASR. Assenagon Asset Management S.A. increased its position in shares of nLight by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 22,301 shares of the company’s stock valued at $661,000 after buying an additional 357 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of nLight by 12.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company’s stock valued at $97,000 after purchasing an additional 561 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of nLight by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company’s stock worth $354,000 after purchasing an additional 723 shares during the period. GAMMA Investing LLC grew its position in nLight by 147.6% during the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after buying an additional 924 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of nLight by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock valued at $214,000 after acquiring an additional 1,170 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LASR. Zacks Research cut nLight from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Wall Street Zen raised nLight from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Needham & Company LLC raised their price target on shares of nLight from $39.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday. Roth Capital started coverage on nLight in a report on Wednesday, December 17th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Cantor Fitzgerald upped their target price on nLight from $33.50 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.29.

Insider Buying and Selling

In other news, CAO James Nias sold 1,200 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $30.00, for a total value of $36,000.00. Following the transaction, the chief accounting officer owned 99,512 shares of the company’s stock, valued at $2,985,360. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott H. Keeney sold 31,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $37.51, for a total transaction of $1,190,867.48. Following the sale, the chief executive officer owned 2,285,020 shares in the company, valued at approximately $85,711,100.20. The trade was a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 141,262 shares of company stock worth $5,101,910. Company insiders own 4.70% of the company’s stock.

nLight Stock Up 0.3%

LASR opened at $43.94 on Friday. The firm’s 50 day simple moving average is $36.37 and its two-hundred day simple moving average is $30.16. The company has a market capitalization of $2.23 billion, a PE ratio of -49.93 and a beta of 2.33. nLight has a 1-year low of $6.20 and a 1-year high of $46.64. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.