Eqis Capital Management Lowers stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Eqis Capital Management reduced its stake in Thermo Fisher Scientific by 7.23% during the most recent quarter end. The investment management company now holds a total of 12,261 shares of Thermo Fisher Scientific which is valued at $1,940,671 after selling 955 shares in Thermo Fisher Scientific , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Thermo Fisher Scientific makes up approximately 0.12% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , West Oak Capital added TMO to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $4,590.Lvm Capital Management Ltdmi boosted its stake in TMO in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 2,890 shares of Thermo Fisher Scientific which is valued at $457,429. Thermo Fisher Scientific makes up approx 0.14% of Lvm Capital Management Ltdmi’s portfolio.Cullinan Associates Inc boosted its stake in TMO in the latest quarter, The investment management firm added 3,270 additional shares and now holds a total of 21,780 shares of Thermo Fisher Scientific which is valued at $3,447,338. Thermo Fisher Scientific makes up approx 0.30% of Cullinan Associates Inc’s portfolio.

Thermo Fisher Scientific closed down -1.55 points or -0.97% at $157.57 with 11,24,669 shares getting traded on Tuesday. Post opening the session at $158.98, the shares hit an intraday low of $156.465 and an intraday high of $159.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Thermo Fisher Scientific reported $2.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.01. The company had revenue of $4535.20 million for the quarter, compared to analysts expectations of $4493.28 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Many Wall Street Analysts have commented on Thermo Fisher Scientific. JP Morgan Resumed Thermo Fisher Scientific on Sep 22, 2016 to “Overweight”, Price Target of the shares are set at $180.Thermo Fisher Scientific was Downgraded by Cleveland Research to ” Neutral” on Sep 9, 2016.

Thermo Fisher Scientific Inc. is a provider of analytical instruments equipment reagents and consumables software and services for research manufacturing analysis discovery and diagnostics. The company operates through four segments: Life Sciences Solutions provides reagents instruments and consumables used in biological and medical research discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments provides instruments consumables software and services that are used in the laboratory; Specialty Diagnostics offers diagnostic test kits reagents culture media instruments and associated products and Laboratory Products and Services offers self-manufactured and sourced products for the laboratory.

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