Thrivent Financial For Lutherans trimmed its stake in shares of Align Technology, Inc. (NASDAQ:ALGN) by 46.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,876 shares of the medical equipment provider’s stock after selling 37,434 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Align Technology worth $9,749,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ALGN. USA Mutuals Advisors Inc. acquired a new position in shares of Align Technology during the 4th quarter worth approximately $101,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Align Technology by 166.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the medical equipment provider’s stock worth $112,000 after purchasing an additional 315 shares during the last quarter. Cobblestone Capital Advisors LLC NY acquired a new position in shares of Align Technology during the 4th quarter worth approximately $200,000. Meritage Portfolio Management acquired a new position in shares of Align Technology during the 4th quarter worth approximately $201,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Align Technology during the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 80.60% of the company’s stock.
In other Align Technology news, insider Joseph M. Hogan purchased 1,500 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $233.63 per share, for a total transaction of $350,445.00. Following the acquisition, the insider now owns 42,984 shares of the company’s stock, valued at approximately $10,042,351.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Emory Wright sold 45,780 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $260.08, for a total value of $11,906,462.40. Following the completion of the transaction, the vice president now owns 29,957 shares of the company’s stock, valued at $7,791,216.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Align Technology, Inc. (NASDAQ:ALGN) opened at $269.71 on Wednesday. The firm has a market capitalization of $21,610.00, a price-to-earnings ratio of 69.87, a price-to-earnings-growth ratio of 2.10 and a beta of 1.44. Align Technology, Inc. has a twelve month low of $106.62 and a twelve month high of $287.32.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.23. The company had revenue of $421.30 million during the quarter, compared to the consensus estimate of $395.88 million. Align Technology had a return on equity of 28.55% and a net margin of 15.71%. Align Technology’s revenue was up 43.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. research analysts expect that Align Technology, Inc. will post 4.49 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Thrivent Financial For Lutherans Trims Stake in Align Technology, Inc. (ALGN)” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/03/14/thrivent-financial-for-lutherans-trims-stake-in-align-technology-inc-algn.html.
About Align Technology
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.
Receive News & Ratings for Align Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology and related companies with MarketBeat.com's FREE daily email newsletter.