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

Several equities analysts recently issued reports on ALR shares. Zacks Investment Research lowered shares of Alere from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd. Canaccord Genuity reissued a “hold” rating and set a $56.00 price objective on shares of Alere in a report on Wednesday, March 16th. BTIG Research lowered shares of Alere from a “buy” rating to a “neutral” rating in a report on Tuesday, March 15th. Leerink Swann raised shares of Alere from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 27th. Finally, Jefferies Group reissued a “hold” rating on shares of Alere in a report on Thursday, April 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $52.38.

The stock has a 50-day moving average of $41.79 and a 200-day moving average of $45.08. The stock has a market cap of $3.43 billion and a price-to-earnings ratio of 10.51.

Other institutional investors recently modified their holdings of the company. 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 valued at $43,994,000 after buying an additional 120,700 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Alere by 249.0% in the fourth quarter. GSA Capital Partners LLP now owns 25,803 shares of the company’s stock valued at $1,009,000 after buying an additional 18,409 shares in the last quarter. Tamarack Advisers LP bought a new position in shares of Alere during the fourth quarter valued at approximately $8,795,000. 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 valued at $6,686,000 after buying an additional 83,585 shares in the last quarter. Finally, 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 valued at $7,780,000 after buying an additional 22,314 shares in the last quarter.

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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