Alere Inc. (NYSE:ALR) hit a new 52-week low on Wednesday . The stock traded as low as $31.47 and last traded at $31.47, with a volume of 2,295,514 shares traded. The stock had previously closed at $44.06.

Several equities research analysts recently weighed in on the stock. BTIG Research restated a “hold” rating on shares of Alere in a research report on Friday, July 15th. Canaccord Genuity upgraded shares of Alere from a “hold” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $56.00 in a research report on Friday, July 15th. Jefferies Group restated a “hold” rating on shares of Alere in a research report on Tuesday, July 12th. Leerink Swann restated a “buy” rating and issued a $56.00 price target on shares of Alere in a research report on Tuesday, July 12th. Finally, Craig Hallum upgraded shares of Alere from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Alere currently has a consensus rating of “Hold” and an average target price of $53.63.

Several institutional investors recently modified their holdings of ALR. Jennison Associates LLC boosted its position in shares of 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 last quarter. Trexquant Investment LP bought a new position in shares of Alere during the fourth quarter worth about $1,751,000. 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 worth $90,154,000 after buying an additional 248,224 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Alere during the fourth quarter worth about $4,585,000. Finally, GSA Capital Partners LLP boosted 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 worth $1,009,000 after buying an additional 18,409 shares during 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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