Home / Business / The position of Finisar Co. (FNSR) augmented by Acrospire Investment Management LLC

The position of Finisar Co. (FNSR) augmented by Acrospire Investment Management LLC



Several other institutional investors also purchased and sold FNSR shares recently. AO Asset Management LLC increased its stake in Finisar by 16.0% in the third quarter. AO Asset Management LLC now owns 1,305,800 shares of the technology company's stock worth $ 38,913,000 after buying 179,800 additional shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Finisar during the fourth quarter for a total of $ 6,364,000. Deane Retirement Strategies Inc. purchased a new stake in Finisar during the first quarter valued at approximately $ 1,875,000. Norges Bank purchased a new stake in Finisar during the fourth quarter with an approximate value of $ 25,690,000. Finally, Northern Trust Corp increased its stake in Finisar by 1

.2% in the third quarter. Northern Trust Corp now owns 2,726,846 shares of the technology company valued at $ 81,261,000 after buying 31,303 additional shares during the period. Institutional investors and hedge funds hold 91.70% of the company's shares.

Acrospire Investment Management LLC increased its stake in Finisar Co. (NASDAQ: FNSR) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund held 3,991 shares of the technology company after buying 168 additional shares during the period. Holdings of Acrospire Investment Management LLC in Finisar were worth $ 109,000 since its most recent filing with the SEC.

Finisar Co. (FNSR) opened at 25.50 on Monday. The firm has a market capitalization of $ 2.84 billion, a P / E ratio of 21.70 and a beta of 1.30. The stock has a 50-day moving average price of $ 23.94 and a 200-day moving average price of $ 28.94. Finisar Co. has a minimum of 52 weeks of $ 16.67 and a maximum of 52 weeks of $ 36.85.

Several research companies have recently commented on FNSR. ValuEngine downgraded Finisar from a "strong buy" rating to a "buy" rating in a research note on Friday. Zacks Investment Research lowered Finisar from a "suspension" rating to a "sale" rating in a research report on Tuesday, May 23. Jefferies Group LLC restated a "buy" rating and issued a target price of $ 34.00 on Finisar shares in a research report on Monday, May 15. Raymond James Financial, Inc. reiterated a "strong buy" rating on Finisar shares in a report on Friday, April 21. Finally, the MKM partners reiterated a "purchase" rating and set a target price of $ 32.00 (below $ 41.00) in Finisar shares in a report on Friday, April 21. A stock research analyst has rated the stock with a sales rating, two have issued a hold rating, ten have assigned a purchase rating and three have assigned a strong purchase rating to the company's stock. Currently, Finisar has an average "Buy" rating and a consensus price target of $ 37.67. In other news, EVP Todd Swanson sold 6,183 shares of Finisar in a transaction that took place on Monday, April 17. The shares were sold at an average price of $ 24.13, for a total value of $ 149,195.79. After the transaction, the executive vice president now owns 229,219 shares of the company's stock, valued at approximately $ 5,531,054.47. The sale was disclosed in a legal presentation before the SEC, which can be accessed through this link. In addition, President Jerry S. Rawls sold 30,000 shares of Finisar in a transaction that took place on Tuesday, March 21. The stock was sold at an average price of $ 27.45, for a total transaction of $ 823,500.00. The disclosure of this sale can be found here. Insiders sold a total of 45,117 shares of the company valued at $ 1,214,079 in the last 90 days. The company's experts hold 1.34% of the company's shares.

Finisar Company Profile Finisar Corporation (Finisar) is a supplier of subsystems and optical components that are used in data communication and telecommunications applications. The company's optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the optical-electrical or optoelectronic interface fundamental to interconnect the electronic equipment used in these networks, including switches, routers and servers used in networks wired. .new TradingView.widget ({"height": 400, "width": 625, "symbol": "NASDAQ: FNSR", "interval": "D", "time zone": "Etc / UTC", "theme ":" White "," style ":" 1 "," location ":" en "," toolbar_bg ":" # f1f3f6 "," enable_publishing ": false," hideideas ": true," referral_id ":" 2588 "});

Get news and ratings from Finisar Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and ratings from Finisar Co. analysts and companies related to the FREE MarketBeat daily newsletter .com.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *