Universal Beteiligungs und Servicegesellschaft mbH Invests $788,000 in nLight $LASR

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in nLight (NASDAQ:LASR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,601 shares of the company’s stock, valued at approximately $788,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. boosted its position in shares of nLight by 1,599.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,727 shares during the last quarter. Financial Consulate Inc. bought a new position in shares of nLight in the 4th quarter worth $41,000. Wexford Capital LP bought a new position in shares of nLight in the 3rd quarter worth $41,000. Global Retirement Partners LLC bought a new position in shares of nLight in the 3rd quarter worth $49,000. Finally, Militia Capital Partners LP bought a new position in shares of nLight in the 2nd quarter worth $71,000. 83.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on LASR shares. Cantor Fitzgerald raised their price target on nLight from $40.00 to $62.50 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen cut nLight from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Roth Mkm reissued a “buy” rating and issued a $81.00 target price on shares of nLight in a research note on Friday, April 24th. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 target price (up from $68.00) on shares of nLight in a research note on Friday, April 17th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $75.00 target price on shares of nLight in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.44.

Insiders Place Their Bets

In other news, CFO Joseph John Corso sold 13,038 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $61.96, for a total value of $807,834.48. Following the sale, the chief financial officer directly owned 183,186 shares in the company, valued at $11,350,204.56. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott H. Keeney sold 32,239 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $61.96, for a total value of $1,997,528.44. Following the completion of the sale, the chief executive officer owned 2,252,781 shares in the company, valued at approximately $139,582,310.76. This trade represents a 1.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,780 shares of company stock valued at $8,032,729 in the last three months. Insiders own 3.10% of the company’s stock.

nLight Stock Performance

NASDAQ:LASR opened at $70.98 on Monday. nLight has a 1 year low of $7.88 and a 1 year high of $80.27. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -151.02 and a beta of 2.34. The stock has a 50-day moving average price of $64.86 and a two-hundred day moving average price of $47.96.

nLight (NASDAQ:LASR) last posted its earnings results on Thursday, February 26th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. nLight had a negative return on equity of 9.28% and a negative net margin of 8.98%.The firm had revenue of $81.19 million during the quarter, compared to analysts’ expectations of $76.71 million. During the same period in the previous year, the firm earned ($0.30) earnings per share. The company’s revenue was up 71.3% on a year-over-year basis. Sell-side analysts forecast that nLight will post -0.43 earnings per share for the current year.

About nLight

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.