Alere Inc. (NYSE:ALR)’s share price was down 0.3% on Friday . The stock traded as low as $39.78 and last traded at $40.01, with a volume of 331,453 shares changing hands. The stock had previously closed at $40.14.

Several equities analysts recently weighed in on ALR shares. BTIG Research cut shares of Alere from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 15th. Canaccord Genuity reissued a “hold” rating and issued a $56.00 target price on shares of Alere in a research note on Wednesday, March 16th. Zacks Investment Research cut shares of Alere from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. Jefferies Group reissued a “hold” rating on shares of Alere in a research note on Thursday, April 21st. Finally, Leerink Swann raised shares of Alere from a “market perform” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Thursday, April 28th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.38.

The company has a market capitalization of $3.43 billion and a PE ratio of 10.51. The company has a 50-day moving average price of $41.81 and a 200-day moving average price of $45.07.

Other institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Alere by 12.6% in the fourth quarter. Sei Investments Co. now owns 199,030 shares of the company’s stock worth $7,780,000 after buying an additional 22,314 shares during the last quarter. Henderson Group PLC raised its position in shares of Alere by 95.6% in the fourth quarter. Henderson Group PLC now owns 171,055 shares of the company’s stock worth $6,686,000 after buying an additional 83,585 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Alere by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 235,430 shares of the company’s stock worth $9,203,000 after buying an additional 2,000 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Alere by 12.0% in the fourth quarter. Gabelli Funds LLC now owns 1,125,450 shares of the company’s stock worth $43,994,000 after buying an additional 120,700 shares during the last quarter. Finally, Tamarack Advisers LP purchased a new position in shares of Alere during the fourth quarter worth $8,795,000.

Alere Inc is a provider of health information through diagnostic tests. The Company operates through professional diagnostics, patient self-testing, consumer diagnostics and, corporate and other segments. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus.

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