Schroder Investment Management Group Acquires Shares of 117,356 Luminex Co. (LMNX)

Schroder Investment Management Group acquired a new position in Luminex Co. (NASDAQ:LMNX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 117,356 shares of the medical instruments supplier’s stock, valued at approximately $3,557,000. Schroder Investment Management Group owned 0.26% of Luminex as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of LMNX. Bessemer Group Inc. grew its position in Luminex by 949.0% in the third quarter. Bessemer Group Inc. now owns 531,851 shares of the medical instruments supplier’s stock worth $16,121,000 after acquiring an additional 481,151 shares during the period. BlackRock Inc. grew its position in Luminex by 6.4% in the second quarter. BlackRock Inc. now owns 6,593,040 shares of the medical instruments supplier’s stock worth $194,692,000 after acquiring an additional 395,549 shares during the period. WINTON GROUP Ltd purchased a new position in Luminex in the second quarter worth approximately $11,507,000. PNC Financial Services Group Inc. grew its position in Luminex by 26,778.2% in the third quarter. PNC Financial Services Group Inc. now owns 221,476 shares of the medical instruments supplier’s stock worth $6,712,000 after acquiring an additional 220,652 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Luminex by 81.4% in the third quarter. Russell Investments Group Ltd. now owns 262,184 shares of the medical instruments supplier’s stock worth $7,882,000 after acquiring an additional 117,685 shares during the period. Institutional investors own 83.82% of the company’s stock.

Several research analysts recently weighed in on LMNX shares. BidaskClub lowered Luminex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. Zacks Investment Research upgraded Luminex from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine upgraded Luminex from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 29th. Finally, Citigroup lowered their price objective on Luminex from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, November 6th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.40.

LMNX opened at $28.42 on Friday. Luminex Co. has a 52 week low of $18.62 and a 52 week high of $35.37. The firm has a market cap of $1.30 billion, a PE ratio of 31.23, a PEG ratio of 3.37 and a beta of 0.35.

Luminex (NASDAQ:LMNX) last released its quarterly earnings results on Monday, November 5th. The medical instruments supplier reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Luminex had a return on equity of 5.99% and a net margin of 5.65%. The firm had revenue of $72.40 million for the quarter, compared to analysts’ expectations of $74.05 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Luminex Co. will post 0.58 EPS for the current year.

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About Luminex

Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide. Its products include Luminex 100/200 that integrates fluidics, optics, and digital signal processing; FLEXMAP 3D system for use as a general laboratory instrument; MAGPIX system, a multiplexing analyzer for qualitative and quantitative analysis of proteins and nucleic acids; ARIES system, a sample to answer real-time PCR platform; ARIES M1 system, a single-module version of the ARIES System; and VERIGENE system, an automated multiplex-capable system.

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Institutional Ownership by Quarter for Luminex (NASDAQ:LMNX)

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