Canada Pension Plan Investment Board Takes Position in Alere Inc (ALR)

Canada Pension Plan Investment Board bought a new stake in shares of Alere Inc (NYSE:ALR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 80,600 shares of the medical research company’s stock, valued at approximately $4,110,000. Canada Pension Plan Investment Board owned approximately 0.09% of Alere as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Alere by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 2,585 shares of the medical research company’s stock valued at $130,000 after acquiring an additional 179 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Alere by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,094 shares of the medical research company’s stock valued at $155,000 after acquiring an additional 321 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Alere by 5.8% during the second quarter. Prudential Financial Inc. now owns 5,515 shares of the medical research company’s stock valued at $277,000 after acquiring an additional 300 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Alere during the second quarter valued at approximately $315,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Alere by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 6,958 shares of the medical research company’s stock valued at $349,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

ALR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Alere from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. BidaskClub cut Alere from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $51.00 price target on shares of Alere in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.00.

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Shares of Alere Inc (NYSE:ALR) opened at $50.99 on Thursday. Alere Inc has a 12 month low of $34.41 and a 12 month high of $51.00. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 2.04.

Alere Profile

Alere Inc is a provider of health information through diagnostic tests. The Company’s segments include professional diagnostics, consumer diagnostics, and corporate and other. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus.

Institutional Ownership by Quarter for Alere (NYSE:ALR)

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