nLIGHT, Inc. (NASDAQ:LASR) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in nLIGHT, Inc. (NASDAQ:LASR) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 125,320 shares of the company’s stock after buying an additional 20,659 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in nLIGHT were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of nLIGHT by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock worth $11,804,000 after buying an additional 9,673 shares in the last quarter. Barclays PLC lifted its holdings in shares of nLIGHT by 317.7% in the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after purchasing an additional 53,699 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of nLIGHT by 20.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company’s stock valued at $9,932,000 after purchasing an additional 162,903 shares during the last quarter. Jane Street Group LLC grew its position in shares of nLIGHT by 98.2% in the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock valued at $1,482,000 after purchasing an additional 68,682 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of nLIGHT by 21.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 263,055 shares of the company’s stock worth $2,759,000 after purchasing an additional 46,596 shares in the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Scott H. Keeney sold 53,511 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at approximately $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 68,024 shares of company stock valued at $579,934. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reduced their target price on nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

nLIGHT Stock Performance

Shares of LASR opened at $8.94 on Thursday. nLIGHT, Inc. has a 1 year low of $7.94 and a 1 year high of $14.73. The company’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $10.76. The company has a market capitalization of $438.34 million, a price-to-earnings ratio of -8.68 and a beta of 2.29.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.21). The business had revenue of $47.38 million for the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. Equities analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

nLIGHT Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.