XTX Topco Ltd Boosts Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

XTX Topco Ltd grew its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,522 shares of the company’s stock after buying an additional 1,641 shares during the quarter. XTX Topco Ltd owned 0.05% of nLIGHT worth $257,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in nLIGHT by 1.1% during the 3rd quarter. State Street Corp now owns 1,021,736 shares of the company’s stock worth $10,922,000 after acquiring an additional 11,132 shares in the last quarter. Jane Street Group LLC increased its holdings in nLIGHT by 98.2% in the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock valued at $1,482,000 after buying an additional 68,682 shares during the last quarter. Barclays PLC raised its stake in nLIGHT by 317.7% during the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after buying an additional 53,699 shares in the last quarter. Geode Capital Management LLC lifted its holdings in nLIGHT by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock worth $11,804,000 after buying an additional 9,673 shares during the last quarter. Finally, Moody National Bank Trust Division acquired a new position in shares of nLIGHT in the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 83.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LASR. Stifel Nicolaus dropped their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC decreased their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 21st.

nLIGHT Price Performance

Shares of LASR opened at $7.82 on Friday. The company has a market cap of $383.42 million, a P/E ratio of -7.59 and a beta of 2.24. nLIGHT, Inc. has a 12 month low of $6.20 and a 12 month high of $14.73. The stock has a fifty day moving average price of $8.29 and a 200 day moving average price of $10.12.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings data 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 firm had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. As a group, research analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Insider Activity

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 stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

nLIGHT 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.