Hologic, Inc. (HOLX) Director Sells 2,960 Shares

Hologic, Inc. (NASDAQ:HOLX) Director Lawrence M. Levy sold 2,960 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $44.54, for a total value of $131,838.40. Following the transaction, the director now directly owns 45,634 shares of the company’s stock, valued at approximately $2,032,538.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hologic, Inc. (HOLX) traded up 1.58% during trading on Monday, reaching $45.02. The company had a trading volume of 1,608,226 shares. Hologic, Inc. has a 52 week low of $32.81 and a 52 week high of $46.05. The stock has a 50 day moving average price of $44.25 and a 200 day moving average price of $41.75. The firm has a market capitalization of $12.61 billion, a P/E ratio of 16.14 and a beta of 0.94.

Hologic (NASDAQ:HOLX) last posted its earnings results on Wednesday, May 10th. The medical equipment provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Hologic had a net margin of 27.31% and a return on equity of 25.26%. The firm had revenue of $715.40 million during the quarter, compared to the consensus estimate of $685.24 million. During the same quarter last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that Hologic, Inc. will post $2.01 earnings per share for the current year.

Insider Buying and Selling by Quarter for Hologic (NASDAQ:HOLX)

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A number of hedge funds have recently bought and sold shares of HOLX. Martingale Asset Management L P increased its stake in Hologic by 23.3% in the fourth quarter. Martingale Asset Management L P now owns 406,802 shares of the medical equipment provider’s stock valued at $16,321,000 after buying an additional 76,831 shares during the period. Tyers Asset Management LLC bought a new stake in Hologic during the fourth quarter valued at $454,000. FIL Ltd bought a new stake in Hologic during the fourth quarter valued at $4,541,000. Cigna Investments Inc. New bought a new stake in Hologic during the fourth quarter valued at $1,757,000. Finally, STA Wealth Management LLC bought a new stake in Hologic during the fourth quarter valued at $305,000. Hedge funds and other institutional investors own 94.47% of the company’s stock.

A number of research analysts recently weighed in on the company. Jefferies Group LLC set a $49.00 price objective on Hologic and gave the company a “buy” rating in a research report on Sunday, May 28th. Zacks Investment Research lowered Hologic from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. BTIG Research reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hologic in a research report on Sunday, May 14th. Leerink Swann reissued an “outperform” rating and issued a $52.00 target price on shares of Hologic in a report on Thursday, March 30th. Finally, Needham & Company LLC lifted their target price on Hologic from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 4th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.54.

About Hologic

Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.

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