Columbus Circle Investors buys $88,190,760 stake in IDEXX Laboratories (IDXX)

IDEXX Laboratories (IDXX) : Columbus Circle Investors scooped up 53,560 additional shares in IDEXX Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 816,808 shares of IDEXX Laboratories which is valued at $88,190,760.IDEXX Laboratories makes up approximately 0.84% of Columbus Circle Investors’s portfolio.

Other Hedge Funds, Including , West Coast Financial boosted its stake in IDXX in the latest quarter, The investment management firm added 973 additional shares and now holds a total of 85,907 shares of IDEXX Laboratories which is valued at $9,275,379. IDEXX Laboratories makes up approx 3.23% of West Coast Financial’s portfolio.Agf Investments boosted its stake in IDXX in the latest quarter, The investment management firm added 464 additional shares and now holds a total of 13,068 shares of IDEXX Laboratories which is valued at $1,410,952. IDEXX Laboratories makes up approx 0.02% of Agf Investments’s portfolio. Advisory Services Network added IDXX to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $2,690.

IDEXX Laboratories closed down -0.43 points or -0.39% at $108.62 with 5,04,653 shares getting traded on Monday. Post opening the session at $108.8, the shares hit an intraday low of $108.27 and an intraday high of $109.365 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, IDEXX Laboratories reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.62. The company had revenue of $466.56 million for the quarter, compared to analysts expectations of $445.57 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on IDEXX Laboratories. IDEXX Laboratories was Upgraded by Northcoast to ” Neutral” on Aug 3, 2016. Company shares were Reiterated by Canaccord Genuity on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 98 from a previous price target of $90 .

IDEXX Laboratories Inc. develops manufactures and distributes products and provides services primarily for the companion animal veterinary livestock and poultry water testing and dairy markets. The Company sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its segments include Companion Animal Group (CAG) Water Livestock Poultry and Dairy and Other. Its Products and services include point-of-care veterinary diagnostic products; veterinary reference laboratory diagnostic and consulting services; practice management systems and services and digital imaging systems; biological materials testing laboratory animal diagnostic instruments and services; diagnostic health-monitoring and food safety testing products for livestock poultry and dairy; products that test water for microbiological contaminants and point-of-care electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.

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