Lighthouse Investment Partners LLC Purchases Shares of 30,289 Azenta, Inc. (NASDAQ:AZTA)

Lighthouse Investment Partners LLC purchased a new stake in shares of Azenta, Inc. (NASDAQ:AZTAFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 30,289 shares of the company’s stock, valued at approximately $1,973,000.

Several other large investors have also recently modified their holdings of the stock. Retirement Systems of Alabama increased its holdings in shares of Azenta by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 75,339 shares of the company’s stock worth $4,908,000 after buying an additional 230 shares during the period. Headlands Technologies LLC increased its holdings in shares of Azenta by 35.6% in the fourth quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock worth $58,000 after buying an additional 232 shares during the period. Covestor Ltd grew its stake in shares of Azenta by 17.5% in the third quarter. Covestor Ltd now owns 1,714 shares of the company’s stock worth $86,000 after purchasing an additional 255 shares during the last quarter. Raymond James & Associates grew its stake in shares of Azenta by 0.3% in the fourth quarter. Raymond James & Associates now owns 96,126 shares of the company’s stock worth $6,262,000 after purchasing an additional 285 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Azenta by 3.8% in the fourth quarter. US Bancorp DE now owns 13,239 shares of the company’s stock worth $862,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Azenta Stock Up 1.8 %

Azenta stock opened at $54.94 on Tuesday. The stock’s 50 day simple moving average is $53.03 and its two-hundred day simple moving average is $59.50. Azenta, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $69.16.

Azenta (NASDAQ:AZTAGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Azenta had a positive return on equity of 0.81% and a negative net margin of 23.12%. The firm had revenue of $159.13 million for the quarter, compared to analysts’ expectations of $159.89 million. During the same period in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Azenta, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Needham & Company LLC cut their target price on Azenta from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Evercore ISI cut their price objective on Azenta from $64.00 to $60.00 and set an “in-line” rating on the stock in a research report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on Azenta in a research report on Thursday, April 4th. They set a “hold” rating and a $64.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $68.40.

Read Our Latest Analysis on Azenta

Azenta Company Profile

(Free Report)

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.

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Institutional Ownership by Quarter for Azenta (NASDAQ:AZTA)

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