Alere Inc. (NYSE:ALR)’s share price gapped up before the market opened on Friday . The stock had previously closed at $37.59, but opened at $39.45. Alere shares last traded at $42.95, with a volume of 3,199,925 shares changing hands.

Several equities analysts have issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $46.00 price objective on shares of Alere in a report on Thursday, April 21st. BTIG Research reaffirmed a “neutral” rating on shares of Alere in a report on Friday. Jefferies Group reissued a “hold” rating on shares of Alere in a research note on Tuesday. Craig Hallum raised shares of Alere from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Finally, Leerink Swann raised shares of Alere from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 27th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $52.38.

The company has a 50-day moving average price of $41.70 and a 200 day moving average price of $45.07. The stock has a market cap of $3.76 billion and a P/E ratio of 11.52.

Other institutional investors have recently made changes to their positions in the company. Diamond Hill Capital Management Inc. boosted its position in shares of Alere by 12.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 2,306,319 shares of the company’s stock valued at $90,154,000 after buying an additional 248,224 shares in the last quarter. Jennison Associates LLC boosted its position in Alere by 124.1% in the fourth quarter. Jennison Associates LLC now owns 1,009,883 shares of the company’s stock worth $39,476,000 after buying an additional 559,240 shares during the period. Gamco Investors INC. ET AL boosted its position in 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 period. Tamarack Advisers LP bought a new position in Alere during the fourth quarter worth $8,795,000. Finally, Sei Investments Co. boosted its position in 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 period.

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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