Mason Street Advisors LLC purchased a new position in Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) during the second quarter, Holdings Channel reports. The firm purchased 5,539 shares of the company’s stock, valued at approximately $177,000.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Rofin-Sinar Technologies during the second quarter worth $102,000. Teacher Retirement System of Texas raised its position in shares of Rofin-Sinar Technologies by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,971 shares of the company’s stock worth $127,000 after buying an additional 481 shares in the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Rofin-Sinar Technologies during the first quarter worth $209,000. BlackRock Inc. raised its position in shares of Rofin-Sinar Technologies by 285.0% in the second quarter. BlackRock Inc. now owns 7,234 shares of the company’s stock worth $231,000 after buying an additional 5,355 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Rofin-Sinar Technologies by 0.9% in the second quarter. Eqis Capital Management Inc. now owns 7,864 shares of the company’s stock worth $251,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
Shares of Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) opened at 32.25 on Friday. The stock has a market cap of $916.35 million, a P/E ratio of 27.61 and a beta of 1.98. The company’s 50-day moving average is $32.15 and its 200-day moving average is $32.00. Rofin-Sinar Technologies Inc. has a 1-year low of $19.02 and a 1-year high of $32.50.
Rofin-Sinar Technologies (NASDAQ:RSTI) last posted its earnings results on Tuesday, August 9th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm earned $125.94 million during the quarter, compared to analyst estimates of $130.90 million. Rofin-Sinar Technologies had a net margin of 6.80% and a return on equity of 7.04%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts expect that Rofin-Sinar Technologies Inc. will post $1.12 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Rofin-Sinar Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, September 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Rofin-Sinar Technologies has an average rating of “Hold” and an average target price of $33.67.
About Rofin-Sinar Technologies
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
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