Geode Capital Management LLC lessened its stake in shares of Luna Innovations Incorporated (NASDAQ:LUNA – Free Report) by 15.5% in the third quarter, HoldingsChannel.com reports. The firm owned 321,554 shares of the scientific and technical instruments company’s stock after selling 58,938 shares during the quarter. Geode Capital Management LLC’s holdings in Luna Innovations were worth $756,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Luna Innovations during the 3rd quarter valued at $55,000. Point72 DIFC Ltd bought a new position in shares of Luna Innovations during the second quarter valued at about $39,000. GSA Capital Partners LLP purchased a new stake in shares of Luna Innovations during the third quarter worth about $144,000. AQR Capital Management LLC bought a new stake in shares of Luna Innovations in the second quarter worth about $37,000. Finally, SkyView Investment Advisors LLC purchased a new position in Luna Innovations during the 2nd quarter valued at about $60,000. Institutional investors own 87.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Luna Innovations in a report on Saturday. They issued a “sell” rating for the company.
Luna Innovations Stock Up 23.9 %
NASDAQ LUNA opened at $1.09 on Friday. The firm has a market capitalization of $37.02 million, a PE ratio of -13.63 and a beta of 1.56. The stock’s 50 day moving average is $1.68 and its 200 day moving average is $2.16. Luna Innovations Incorporated has a twelve month low of $0.70 and a twelve month high of $7.92.
Luna Innovations Profile
Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.
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