Fisher Asset Management LLC Has $4,971,000 Position in OraSure Technologies Inc. (OSUR)
Fisher Asset Management LLC reduced its position in shares of OraSure Technologies Inc. (NASDAQ:OSUR) by 24.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,658 shares of the company’s stock after selling 200,934 shares during the period. Fisher Asset Management LLC’s holdings in OraSure Technologies were worth $4,971,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in OSUR. Emerald Acquisition Ltd. acquired a new stake in shares of OraSure Technologies during the second quarter worth $363,000. Bank of New York Mellon Corp increased its stake in OraSure Technologies by 166.0% in the second quarter. Bank of New York Mellon Corp now owns 715,490 shares of the company’s stock worth $4,229,000 after buying an additional 446,468 shares during the last quarter. Hood River Capital Management LLC increased its stake in OraSure Technologies by 25.7% in the second quarter. Hood River Capital Management LLC now owns 907,759 shares of the company’s stock worth $5,365,000 after buying an additional 185,722 shares during the last quarter. HealthInvest Partners AB increased its stake in OraSure Technologies by 17.3% in the second quarter. HealthInvest Partners AB now owns 475,771 shares of the company’s stock worth $2,812,000 after buying an additional 70,000 shares during the last quarter. Finally, Smith Asset Management Group LP bought a new stake in OraSure Technologies during the second quarter worth about $2,357,000. 81.91% of the stock is currently owned by institutional investors.
OraSure Technologies Inc. (NASDAQ:OSUR) traded down 0.12% during mid-day trading on Tuesday, reaching $8.43. 598,526 shares of the company’s stock traded hands. The company has a market capitalization of $469.80 million, a price-to-earnings ratio of 28.10 and a beta of 1.50. The company has a 50-day moving average of $7.92 and a 200-day moving average of $7.50. OraSure Technologies Inc. has a 52-week low of $5.09 and a 52-week high of $9.05.
OraSure Technologies (NASDAQ:OSUR) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The business earned $32.25 million during the quarter, compared to the consensus estimate of $31.45 million. OraSure Technologies had a net margin of 13.70% and a return on equity of 10.27%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts expect that OraSure Technologies Inc. will post $0.29 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity set a $10.00 price target on shares of OraSure Technologies and gave the company a “buy” rating in a research report on Sunday, October 23rd. Jefferies Group cut their price objective on OraSure Technologies from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. BTIG Research restated a “buy” rating on shares of OraSure Technologies in a research report on Wednesday, August 24th. Stephens upgraded OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 29th. Finally, TheStreet upgraded OraSure Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. OraSure Technologies presently has a consensus rating of “Buy” and an average target price of $8.58.
In other news, CEO Douglas A. Michels sold 25,000 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $8.22, for a total transaction of $205,500.00. Following the transaction, the chief executive officer now owns 756,898 shares in the company, valued at approximately $6,221,701.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles W. Patrick sold 17,483 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $8.58, for a total transaction of $150,004.14. Following the transaction, the director now owns 77,209 shares in the company, valued at approximately $662,453.22. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.
OraSure Technologies Company Profile
OraSure Technologies, Inc (OraSure) is involved in the development, manufacture, marketing and sale of oral fluid diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types.
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