New York State Teachers Retirement System Has $2,785,000 Position in Analogic Corp. (ALOG)
New York State Teachers Retirement System maintained its position in Analogic Corp. (NASDAQ:ALOG) during the second quarter, Holdings Channel reports. The firm owned 35,060 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Analogic Corp. were worth $2,785,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Analogic Corp. by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,009 shares of the company’s stock worth $318,000 after buying an additional 2,051 shares in the last quarter. Capstone Asset Management Co. raised its position in Analogic Corp. by 9.9% in the second quarter. Capstone Asset Management Co. now owns 4,336 shares of the company’s stock worth $344,000 after buying an additional 390 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Analogic Corp. during the first quarter worth approximately $506,000. Independent Portfolio Consultants Inc. raised its position in Analogic Corp. by 60.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,500 shares of the company’s stock worth $755,000 after buying an additional 3,570 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Analogic Corp. by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 15,038 shares of the company’s stock worth $1,188,000 after buying an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
Analogic Corp. (NASDAQ:ALOG) traded down 1.94% during mid-day trading on Thursday, reaching $83.93. 113,083 shares of the company were exchanged. The company’s 50 day moving average price is $89.33 and its 200-day moving average price is $83.72. Analogic Corp. has a 12-month low of $68.71 and a 12-month high of $94.39. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 87.43 and a beta of 0.92.
Analogic Corp. (NASDAQ:ALOG) last announced its earnings results on Wednesday, September 21st. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. Analogic Corp. had a return on equity of 7.33% and a net margin of 2.38%. The business had revenue of $138.10 million for the quarter, compared to analyst estimates of $139.03 million. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Analogic Corp. will post $4.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Wednesday, September 28th. Analogic Corp.’s dividend payout ratio is currently 41.24%.
A number of research firms recently commented on ALOG. Brean Capital reiterated a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Analogic Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded shares of Analogic Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.
In other Analogic Corp. news, insider Shalabh Chandra sold 1,250 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $90.50, for a total value of $113,125.00. Following the completion of the sale, the insider now owns 2,839 shares in the company, valued at $256,929.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Patrick Ryan sold 500 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $82.96, for a total transaction of $41,480.00. Following the completion of the sale, the insider now owns 2,891 shares of the company’s stock, valued at approximately $239,837.36. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Analogic Corp. Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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