nLIGHT, Inc. (NASDAQ:LASR) Position Lowered by Trexquant Investment LP

Trexquant Investment LP decreased its stake in shares of nLIGHT, Inc. (NASDAQ:LASR) by 39.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,241 shares of the company’s stock after selling 90,182 shares during the period. Trexquant Investment LP’s holdings in nLIGHT were worth $1,450,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Picton Mahoney Asset Management lifted its position in shares of nLIGHT by 47.4% during the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company’s stock worth $30,000 after purchasing an additional 935 shares during the last quarter. R Squared Ltd acquired a new stake in nLIGHT during the fourth quarter worth about $33,000. KLP Kapitalforvaltning AS acquired a new stake in nLIGHT during the fourth quarter worth about $102,000. Moody National Bank Trust Division acquired a new stake in nLIGHT during the fourth quarter worth about $115,000. Finally, Quantbot Technologies LP raised its stake in nLIGHT by 17.6% during the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock worth $124,000 after acquiring an additional 1,772 shares during the period. Institutional investors own 83.88% of the company’s stock.

Insider Buying and Selling

In related news, CEO Scott H. Keeney sold 53,511 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the transaction, the chief executive officer now owns 1,267,927 shares of the company’s stock, valued at approximately $10,358,963.59. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is currently owned by insiders.

nLIGHT Stock Performance

Shares of NASDAQ:LASR opened at $7.63 on Thursday. The stock has a market capitalization of $374.11 million, a price-to-earnings ratio of -7.41 and a beta of 2.24. nLIGHT, Inc. has a 1-year low of $6.20 and a 1-year high of $14.73. The company has a 50 day moving average price of $9.11 and a 200 day moving average price of $10.40.

nLIGHT (NASDAQ:LASR) last issued its earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21). The business had revenue of $47.38 million for the quarter, compared to the consensus estimate of $46.62 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. On average, sell-side analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on LASR shares. Stifel Nicolaus dropped their price target on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC lowered their price objective on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.