Coherent, Inc. (NASDAQ:COHR) is Havens Advisors LLC’s 2nd Largest Position

Havens Advisors LLC reduced its position in Coherent, Inc. (NASDAQ:COHRGet Rating) by 26.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,633 shares of the scientific and technical instruments company’s stock after selling 6,867 shares during the period. Coherent makes up about 9.4% of Havens Advisors LLC’s holdings, making the stock its 2nd biggest holding. Havens Advisors LLC’s holdings in Coherent were worth $5,094,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COHR. Private Ocean LLC bought a new position in shares of Coherent during the fourth quarter worth about $27,000. IFP Advisors Inc lifted its position in shares of Coherent by 38.5% during the fourth quarter. IFP Advisors Inc now owns 277 shares of the scientific and technical instruments company’s stock worth $73,000 after purchasing an additional 77 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of Coherent during the first quarter worth about $109,000. Van ECK Associates Corp bought a new position in shares of Coherent during the fourth quarter worth about $156,000. Finally, US Asset Management LLC bought a new position in shares of Coherent during the first quarter worth about $163,000. 90.29% of the stock is owned by institutional investors.

Separately, StockNews.com initiated coverage on shares of Coherent in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

COHR opened at $262.43 on Thursday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 56.68 and a beta of 1.31. Coherent, Inc. has a fifty-two week low of $222.04 and a fifty-two week high of $278.34. The company’s 50-day moving average price is $267.61 and its 200 day moving average price is $264.71. The company has a quick ratio of 2.14, a current ratio of 3.32 and a debt-to-equity ratio of 0.43.

Coherent (NASDAQ:COHRGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The scientific and technical instruments company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.38). The business had revenue of $370.20 million for the quarter, compared to analyst estimates of $388.40 million. Coherent had a return on equity of 15.70% and a net margin of 7.47%. Research analysts anticipate that Coherent, Inc. will post 6.6 earnings per share for the current year.

Coherent Profile (Get Rating)

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications. It operates in two segments, Original Equipment Manufacturers (OEM) Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

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