Ardevora Asset Management Llp buys $32,463,060 stake in Hologic (HOLX)

Hologic (HOLX) : Ardevora Asset Management Llp scooped up 270,800 additional shares in Hologic during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 835,600 shares of Hologic which is valued at $32,463,060.Hologic makes up approximately 1.29% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in HOLX by selling 1,572 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 128,564 shares of HOLX which is valued at $5,013,996. Hologic makes up approx 0.20% of Boston Private Wealth’s portfolio.

Hologic opened for trading at $38.82 and hit $39.01 on the upside on Monday, eventually ending the session at $39, with a gain of 0.83% or 0.32 points. The heightened volatility saw the trading volume jump to 19,77,675 shares. Company has a market cap of $10,819 M.

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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