Alere Inc (NYSE:ALR) Institutional Investors Quarterly Sentiment

July 18, 2017 - By Dolores Ford

 Alere Inc (NYSE:ALR) Institutional Investors Quarterly Sentiment

Sentiment for Alere Inc (NYSE:ALR)

Alere Inc (NYSE:ALR) institutional sentiment increased to 0.98 in 2016 Q4. Its up 0.10, from 0.88 in 2016Q3. The ratio improved, as 99 funds increased or opened new positions, while 101 sold and decreased their equity positions in Alere Inc. The funds in our partner’s database now own: 73.43 million shares, down from 75.35 million shares in 2016Q3. Also, the number of funds holding Alere Inc in their top 10 positions decreased from 7 to 5 for a decrease of 2. Sold All: 30 Reduced: 71 Increased: 67 New Position: 32.

Alere Inc. is a provider of health information through diagnostic tests. The company has market cap of $4.40 billion. The Company’s divisions include professional diagnostics, consumer diagnostics, and corporate and other. It currently has negative earnings. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus.

The stock increased 0.06% or $0.03 on July 17, reaching $50.29. About shares traded. Alere Inc (NYSE:ALR) has risen 17.58% since July 18, 2016 and is uptrending. It has outperformed by 0.88% the S&P500.

Wall Street await Alere Inc (NYSE:ALR) to release earnings on August, 16. Analysts forecast EPS of $0.34, up exactly $0.55 or 261.90 % from 2014’s $-0.21 EPS. The expected ALR’s profit could reach $29.75M giving the stock 36.98 P/E in the case that $0.34 earnings per share is reported.

Cheyne Capital Management (Uk) Llp holds 22.86% of its portfolio in Alere Inc for 1.04 million shares. Twin Securities Inc. owns 1.29 million shares or 8.23% of their US portfolio. Moreover, Kellner Capital Llc has 5.52% invested in the company for 250,700 shares. The New York-based Tig Advisors Llc has invested 4.93% in the stock. Private Capital Management Llc, a Florida-based fund reported 759,047 shares.#img1#

Alere Inc (NYSE:ALR) Ratings Coverage

Ratings analysis reveals 29% of Alere’s analysts are positive. Out of 7 Wall Street analysts rating Alere, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $39 while the high is $56. The stock’s average target of $49.40 is -1.77% below today’s ($50.29) share price. ALR was included in 19 notes of analysts from August 4, 2015. The stock of Alere Inc (NYSE:ALR) earned “Buy” rating by Canaccord Genuity on Thursday, September 29. The firm has “Neutral” rating given on Thursday, November 5 by Wedbush. Craig Hallum downgraded the stock to “Hold” rating in Tuesday, February 2 report. BTIG Research downgraded the shares of ALR in report on Tuesday, March 15 to “Neutral” rating. The company was maintained on Tuesday, August 4 by BTIG Research. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 5. Canaccord Genuity upgraded the shares of ALR in report on Friday, July 15 to “Buy” rating. Jefferies downgraded it to “Hold” rating and $56 target in Tuesday, February 2 report. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, February 2. The stock of Alere Inc (NYSE:ALR) has “Buy” rating given on Friday, April 29 by Craig Hallum.

More notable recent Alere Inc (NYSE:ALR) news were published by: Gurufocus.com which released: “Havens Advisors Llc Buys Alere Inc, Level 3 Communications Inc, Akorn Inc …” on July 12, 2017, also Benzinga.com with their article: “Wall Street’s M&A Chatter From July 17: BorgWarner-Sevcon, Church & Dwight …” published on July 18, 2017, Thestreet.com published: “Alere Shareholders Vote to Approve Amended Merger with Abbott” on July 07, 2017. More interesting news about Alere Inc (NYSE:ALR) were released by: Businesswire.com and their article: “Quidel Announces Definitive Agreement to Acquire Alere Triage” published on July 17, 2017 as well as Prnewswire.com‘s news article titled: “Abbott Commences Cash Tender Offer for All Outstanding Shares of Series B …” with publication date: July 17, 2017.

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