Luminex Corporation (LMNX) : Tamarack Advisers Lp reduced its stake in Luminex Corporation by 29.87% during the most recent quarter end. The investment management company now holds a total of 526,000 shares of Luminex Corporation which is valued at $11,387,900 after selling 224,000 shares in Luminex Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Luminex Corporation makes up approximately 3.88% of Tamarack Advisers Lp’s portfolio.
Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in LMNX in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 8,420 shares of Luminex Corporation which is valued at $182,293. Luminex Corporation makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Zebra Capital Management boosted its stake in LMNX in the latest quarter, The investment management firm added 684 additional shares and now holds a total of 31,488 shares of Luminex Corporation which is valued at $681,715. Luminex Corporation makes up approx 0.23% of Zebra Capital Management’s portfolio.Marshall Wace Llp reduced its stake in LMNX by selling 38,243 shares or 72.28% in the most recent quarter. The Hedge Fund company now holds 14,670 shares of LMNX which is valued at $317,606. Simplex Trading sold out all of its stake in LMNX during the most recent quarter. The investment firm sold 530 shares of LMNX which is valued $11,777.
Luminex Corporation closed down -0.14 points or -0.66% at $20.93 with 1,73,351 shares getting traded on Thursday. Post opening the session at $21.07, the shares hit an intraday low of $20.76 and an intraday high of $21.11 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Luminex Corporation reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.18. The company had revenue of $64.17 million for the quarter, compared to analysts expectations of $61.00 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Luminex Corporation. Luminex Corporation was Upgraded by JP Morgan to ” Neutral” on Aug 18, 2016.
Luminex Corporation is a developer manufacturer and marketer of biological testing technologies with applications throughout the clinical diagnostic and life science industries. The Companys xMAP (Multi-Analyte Profiling) technology is being used within fields of drug discovery and development and for clinical diagnostics genetic analysis bio-defense food safety and biomedical research. In addition to its xMAP technology the Company has its MultiCode technology used for real-time polymerase chain reaction (PCR) and multiplexed PCR assays. The instruments in the Companys xMAP line include LX200 system which offers 100-plex testing; FLEXMAP 3D system which is a 500-plex testing system; and MAGPIX system which provides 50-plex testing at a lower cost using imaging rather than flow cytometry. The Companys products include Instruments Consumables Software and Assay Product Families.