Clearbridge Investments LLC Lowers Position in nLIGHT, Inc. (NASDAQ:LASR)

Clearbridge Investments LLC decreased its position in nLIGHT, Inc. (NASDAQ:LASR – Get Rating) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,784,800 shares of the company’s stock after selling 6,181 shares during the period. Clearbridge Investments LLC owned about 3.94% of nLIGHT worth $18,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of nLIGHT by 1,588.0% in the fourth quarter. IFP Advisors Inc now owns 844 shares of the company’s stock valued at $34,000 after purchasing an additional 794 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of nLIGHT by 181.7% in the third quarter. Tower Research Capital LLC TRC now owns 7,952 shares of the company’s stock valued at $76,000 after purchasing an additional 5,129 shares during the period. Quantbot Technologies LP raised its position in nLIGHT by 54.9% during the third quarter. Quantbot Technologies LP now owns 13,074 shares of the company’s stock worth $123,000 after acquiring an additional 4,636 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in nLIGHT by 233.4% during the second quarter. BNP Paribas Arbitrage SA now owns 12,711 shares of the company’s stock worth $130,000 after acquiring an additional 8,899 shares during the last quarter. Finally, Boston Partners acquired a new position in nLIGHT during the fourth quarter worth about $156,000. Institutional investors and hedge funds own 86.85% of the company’s stock.

nLIGHT Price Performance

Shares of LASR opened at $13.53 on Friday. The company’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $10.97. nLIGHT, Inc. has a 1 year low of $8.22 and a 1 year high of $14.40.

nLIGHT (NASDAQ:LASR – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.14. The business had revenue of $54.09 million for the quarter, compared to the consensus estimate of $53.41 million. nLIGHT had a negative net margin of 23.17% and a negative return on equity of 17.20%. Sell-side analysts predict that nLIGHT, Inc. will post -0.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LASR. Needham & Company LLC cut their target price on shares of nLIGHT from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Craig Hallum lifted their target price on shares of nLIGHT from $10.00 to $11.00 in a research report on Friday, May 5th.

nLIGHT Company Profile

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nLIGHT, Inc develops and manufactures semiconductor and fiber lasers components. Its products include semiconductor lasers, fiber lasers and optical fibers. It operates through the following segments: Laser Products and Advanced Development. The Laser Products segment includes products such as fiber lasers, diodes, complete laser systems and components.