Arrowgrass Capital Partners Llp adds Hologic (HOLX) to its portfolio

Hologic (HOLX) : Arrowgrass Capital Partners Llp added new position in Hologic during the most recent quarter end. The investment management firm now holds 200,000 shares of Hologic which is valued at $7,736,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Hologic makes up approximately 2.70% of Arrowgrass Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co added HOLX to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $19,340.Bogle Investment Management L P De boosted its stake in HOLX in the latest quarter, The investment management firm added 16,204 additional shares and now holds a total of 355,959 shares of Hologic which is valued at $13,768,494. Hologic makes up approx 0.86% of Bogle Investment Management L P De’s portfolio. Penn Capital Management Co Inc added HOLX to its portfolio by purchasing 41,466 company shares during the most recent quarter which is valued at $1,603,905. Hologic makes up approx 0.09% of Penn Capital Management Co Inc’s portfolio. Dorsey Wright Associates sold out all of its stake in HOLX during the most recent quarter. The investment firm sold 49,849 shares of HOLX which is valued $1,820,485.

Hologic opened for trading at $38.39 and hit $38.58 on the upside on Thursday, eventually ending the session at $38.46, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 16,99,124 shares. Company has a market cap of $10,670 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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