American Capital Management Inc Lowers stake in Hologic (HOLX)

Hologic (HOLX) : American Capital Management Inc reduced its stake in Hologic by 0.1% during the most recent quarter end. The investment management company now holds a total of 1,030,685 shares of Hologic which is valued at $40,196,715 after selling 1,070 shares in Hologic , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Hologic makes up approximately 3.21% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Public Employees Retirement Association Of Colorado boosted its stake in HOLX in the latest quarter, The investment management firm added 1,070 additional shares and now holds a total of 451,970 shares of Hologic which is valued at $17,396,325. Hologic makes up approx 0.14% of Public Employees Retirement Association Of Colorado’s portfolio. Id Management As sold out all of its stake in HOLX during the most recent quarter. The investment firm sold 16,400 shares of HOLX which is valued $597,616.Chevy Chase Trust Holdings reduced its stake in HOLX by selling 1,267 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 207,712 shares of HOLX which is valued at $7,463,092. Hologic makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.

Hologic closed down -0.56 points or -1.44% at $38.41 with 24,33,362 shares getting traded on Monday. Post opening the session at $39.03, the shares hit an intraday low of $38.29 and an intraday high of $39.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Hologic reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $717.40 million for the quarter, compared to analysts expectations of $703.38 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Hologic. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $37 .

Hologic Inc. is a developer manufacturer and supplier of diagnostics products medical imaging systems and surgical products. The Company’s business units are focused on diagnostics breast health GYN surgical and skeletal health. The Company’s diagnostics products include Aptima family of assays its ThinPrep system the Rapid Fetal Fibronectin Test and its Procleix blood screening assays. The Aptima family of assays is used to detect the infectious microorganisms that cause the common sexually transmitted diseases chlamydia and gonorrhea certain high-risk strains of human papillomavirus (HPV) and Trichomonas vaginalis the parasite that causes trichomoniasis. The Company’s GYN surgical products include its NovaSure Endometrial Ablation System and its MyoSure Hysteroscopic Tissue Removal System. The skeletal health products include dual-energy X-ray bone densitometry systems an ultrasound-based osteoporosis assessment product and its Fluoroscan mini C-arm imaging products.

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