Levin Capital Strategies, LP revealed that they own 19.6% of Fluidigm Corp. (NASDAQ:FLDM) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Friday, September 30th. The investor owns 5,694,678 shares of the stock worth about $45,614,371. The reporting parties listed on the disclosure included Levin Capital Strategies, LP, Lcs, LLC, LCS Event Partners, LLC, Lcs L/S, LLC and John A Levin. The disclosure is available through the SEC website at this hyperlink.
A number of other large investors have also recently added to or reduced their stakes in FLDM. Schwab Charles Investment Management Inc. raised its stake in Fluidigm Corp. by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 90,277 shares of the company’s stock valued at $816,000 after buying an additional 1,344 shares in the last quarter. AQR Capital Management LLC raised its stake in Fluidigm Corp. by 58.8% in the second quarter. AQR Capital Management LLC now owns 25,187 shares of the company’s stock valued at $227,000 after buying an additional 9,324 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Fluidigm Corp. by 89.3% in the second quarter. Parametric Portfolio Associates LLC now owns 21,070 shares of the company’s stock valued at $190,000 after buying an additional 9,939 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in Fluidigm Corp. by 72.0% in the second quarter. Levin Capital Strategies L.P. now owns 3,595,575 shares of the company’s stock valued at $32,468,000 after buying an additional 1,505,320 shares in the last quarter. Finally, Ghost Tree Capital LLC purchased a new stake in Fluidigm Corp. during the second quarter valued at about $1,355,000. 93.33% of the stock is owned by institutional investors.
Fluidigm Corp. (NASDAQ:FLDM) traded down 4.76% on Friday, hitting $8.01. The stock had a trading volume of 194,140 shares. The company has a 50-day moving average of $8.74 and a 200 day moving average of $9.15. The company’s market cap is $232.58 million. Fluidigm Corp. has a 12 month low of $4.84 and a 12 month high of $12.09.
Fluidigm Corp. (NASDAQ:FLDM) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.06. The company had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $29.62 million. Fluidigm Corp. had a negative net margin of 52.04% and a negative return on equity of 45.68%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.53) earnings per share. On average, analysts predict that Fluidigm Corp. will post ($2.32) EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Fluidigm Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Cantor Fitzgerald dropped their price target on Fluidigm Corp. from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Finally, Mizuho upped their price target on Fluidigm Corp. from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fluidigm Corp. presently has a consensus rating of “Buy” and a consensus target price of $13.67.
Fluidigm Corp. Company Profile
Fluidigm Corporation creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Company’s core microfluidics and mass cytometry technologies. The Company operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment.
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