Regis Management Co Exits Position in Coherent (COHR)

Coherent (COHR) : Regis Management Co has sold out all of its stake in Coherent during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 21,500 shares of Coherent which is valued at $2,268,035.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in COHR in the latest quarter, The investment management firm added 28,714 additional shares and now holds a total of 31,305 shares of Coherent which is valued at $3,302,364. Coherent makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Columbus Circle Investors boosted its stake in COHR in the latest quarter, The investment management firm added 17,892 additional shares and now holds a total of 274,639 shares of Coherent which is valued at $28,971,668. Coherent makes up approx 0.28% of Columbus Circle Investors’s portfolio.Albion Financial Group Ut boosted its stake in COHR in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 3,095 shares of Coherent which is valued at $305,507. Coherent makes up approx 0.05% of Albion Financial Group Ut’s portfolio.Ls Investment Advisors boosted its stake in COHR in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 856 shares of Coherent which is valued at $82,553. Coherent makes up approx 0.01% of Ls Investment Advisors’s portfolio.

Coherent closed down -0.4 points or -0.38% at $105.47 with 1,14,897 shares getting traded on Monday. Post opening the session at $106.65, the shares hit an intraday low of $104.511 and an intraday high of $106.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Coherent reported $1.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $1.11. The company had revenue of $218.80 million for the quarter, compared to analysts expectations of $211.94 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on Coherent. Shares were Reiterated by The Benchmark Company on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 112 from a previous price target of $115 .Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .Company shares were Reiterated by The Benchmark Company on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .

Coherent Inc. is a supplier of photonics-based solutions for a range of commercial and scientific research applications. The Company designs manufactures services and markets lasers and related accessories to customers. The Company operates in two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). The SLS segment develops and manufactures configurable products serving the microelectronics scientific research and government programs and original equipment manufacturer (OEM) components and instrumentation markets. The CLC segment’s primary markets include materials processing OEM components and instrumentation and microelectronics.

Leave a Reply

Coherent - Is it time to Sell?

Top Brokerage Firms are advising their investors on Coherent. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.