Advisory Research Inc. Sells 70,929 Shares of Analogic Co. (NASDAQ:ALOG)

Advisory Research Inc. reduced its position in shares of Analogic Co. (NASDAQ:ALOG) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 687,152 shares of the medical research company’s stock after selling 70,929 shares during the period. Analogic comprises approximately 1.0% of Advisory Research Inc.’s portfolio, making the stock its 29th largest position. Advisory Research Inc. owned approximately 5.51% of Analogic worth $57,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Koch Industries Inc. raised its stake in Analogic by 8,505.7% during the 2nd quarter. Koch Industries Inc. now owns 321,335 shares of the medical research company’s stock worth $317,000 after acquiring an additional 317,601 shares in the last quarter. Northern Trust Corp raised its stake in Analogic by 53.5% during the 2nd quarter. Northern Trust Corp now owns 372,687 shares of the medical research company’s stock worth $27,075,000 after acquiring an additional 129,855 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Analogic by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 947,627 shares of the medical research company’s stock worth $79,364,000 after acquiring an additional 37,066 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Analogic during the 4th quarter worth $3,102,000. Finally, Vanguard Group Inc. raised its stake in Analogic by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,147,408 shares of the medical research company’s stock worth $83,359,000 after acquiring an additional 34,765 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Analogic Co. (NASDAQ:ALOG) opened at $84.85 on Wednesday. The company has a market cap of $1,059.95, a price-to-earnings ratio of -14.83, a price-to-earnings-growth ratio of 4.24 and a beta of 0.82. Analogic Co. has a one year low of $66.00 and a one year high of $89.50.

Analogic (NASDAQ:ALOG) last posted its quarterly earnings data on Wednesday, December 6th. The medical research company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.32. The company had revenue of $106.90 million for the quarter, compared to analyst estimates of $100.55 million. Analogic had a negative net margin of 15.06% and a positive return on equity of 5.09%. Analogic’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. research analysts forecast that Analogic Co. will post 2.86 EPS for the current fiscal year.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Analogic from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Friday, December 8th. Jefferies Group reiterated a “hold” rating and set a $80.00 price target on shares of Analogic in a research note on Friday, December 8th. Finally, BidaskClub lowered shares of Analogic from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th.

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About Analogic

Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.

Institutional Ownership by Quarter for Analogic (NASDAQ:ALOG)

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