Macquarie Group Ltd. Has $5.38 Million Position in Lumentum Holdings Inc. (LITE)

Macquarie Group Ltd. increased its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 100.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,296 shares of the technology company’s stock after buying an additional 47,196 shares during the quarter. Macquarie Group Ltd. owned about 0.15% of Lumentum Holdings worth $5,380,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC grew its position in Lumentum Holdings by 71.8% during the second quarter. Riverhead Capital Management LLC now owns 2,062 shares of the technology company’s stock worth $118,000 after buying an additional 862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Lumentum Holdings by 111.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,662 shares of the technology company’s stock worth $152,000 after buying an additional 1,406 shares in the last quarter. Creative Planning grew its position in Lumentum Holdings by 54.2% during the second quarter. Creative Planning now owns 3,039 shares of the technology company’s stock worth $173,000 after buying an additional 1,068 shares in the last quarter. LS Investment Advisors LLC grew its position in Lumentum Holdings by 2.1% during the second quarter. LS Investment Advisors LLC now owns 3,569 shares of the technology company’s stock worth $204,000 after buying an additional 75 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Lumentum Holdings during the first quarter worth approximately $206,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Macquarie Group Ltd. Has $5.38 Million Position in Lumentum Holdings Inc. (LITE)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/macquarie-group-ltd-has-5-38-million-position-in-lumentum-holdings-inc-lite.html.

A number of brokerages recently issued reports on LITE. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lumentum Holdings in a research report on Thursday, October 12th. Zacks Investment Research raised Lumentum Holdings from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating and set a $68.00 price target on shares of Lumentum Holdings in a research report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Lumentum Holdings in a research report on Friday, October 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of Lumentum Holdings in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Lumentum Holdings presently has an average rating of “Buy” and an average target price of $66.31.

Lumentum Holdings Inc. (LITE) opened at 56.10 on Wednesday. Lumentum Holdings Inc. has a 1-year low of $32.90 and a 1-year high of $68.63. The company has a 50-day moving average of $56.50 and a 200-day moving average of $56.50. The stock’s market capitalization is $3.45 billion.

Lumentum Holdings (NASDAQ:LITE) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.18. Lumentum Holdings had a negative net margin of 10.25% and a positive return on equity of 18.12%. The business had revenue of $222.70 million for the quarter, compared to the consensus estimate of $229.45 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts anticipate that Lumentum Holdings Inc. will post $3.07 earnings per share for the current fiscal year.

In other news, Director Penny Herscher sold 1,313 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $53.04, for a total transaction of $69,641.52. Following the sale, the director now directly owns 26,464 shares in the company, valued at approximately $1,403,650.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan S. Lowe sold 7,916 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $52.62, for a total transaction of $416,539.92. Following the sale, the chief executive officer now owns 141,16

Other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC grew its position in Lumentum Holdings by 71.8% during the second quarter. Riverhead Capital Management LLC now owns 2,062 shares of the technology company’s stock worth $118,000 after buying an additional 862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Lumentum Holdings by 111.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,662 shares of the technology company’s stock worth $152,000 after buying an additional 1,406 shares in the last quarter. Creative Planning grew its position in Lumentum Holdings by 54.2% during the second quarter. Creative Planning now owns 3,039 shares of the technology company’s stock worth $173,000 after buying an additional 1,068 shares in the last quarter. LS Investment Advisors LLC grew its position in Lumentum Holdings by 2.1% during the second quarter. LS Investment Advisors LLC now owns 3,569 shares of the technology company’s stock worth $204,000 after buying an additional 75 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Lumentum Holdings during the first quarter worth approximately $206,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Macquarie Group Ltd. Has $5.38 Million Position in Lumentum Holdings Inc. (LITE)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/macquarie-group-ltd-has-5-38-million-position-in-lumentum-holdings-inc-lite.html.

A number of brokerages recently issued reports on LITE. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lumentum Holdings in a research report on Thursday, October 12th. Zacks Investment Research raised Lumentum Holdings from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating and set a $68.00 price target on shares of Lumentum Holdings in a research report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Lumentum Holdings in a research report on Friday, October 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of Lumentum Holdings in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Lumentum Holdings presently has an average rating of “Buy” and an average target price of $66.31.

Lumentum Holdings Inc. (LITE) opened at 56.10 on Wednesday. Lumentum Holdings Inc. has a 1-year low of $32.90 and a 1-year high of $68.63. The company has a 50-day moving average of $56.50 and a 200-day moving average of $56.50. The stock’s market capitalization is $3.45 billion.

Lumentum Holdings (NASDAQ:LITE) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.18. Lumentum Holdings had a negative net margin of 10.25% and a positive return on equity of 18.12%. The business had revenue of $222.70 million for the quarter, compared to the consensus estimate of $229.45 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts anticipate that Lumentum Holdings Inc. will post $3.07 earnings per share for the current fiscal year.

In other news, Director Penny Herscher sold 1,313 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $53.04, for a total transaction of $69,641.52. Following the sale, the director now directly owns 26,464 shares in the company, valued at approximately $1,403,650.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan S. Lowe sold 7,916 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $52.62, for a total transaction of $416,539.92. Following the sale, the chief executive officer now owns 141,162 shares in the company, valued at $7,427,944.44. The disclosure for this sale can be found here. Insiders have sold a total of 87,269 shares of company stock worth $4,602,526 over the last 90 days. Insiders own 0.76% of the company’s stock.

Lumentum Holdings Profile

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

Institutional Ownership by Quarter for Lumentum Holdings (NASDAQ:LITE)

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