Timber Hill LLC Purchases New Stake in Bio-Rad Laboratories, Inc. (BIO)

Timber Hill LLC bought a new stake in shares of Bio-Rad Laboratories, Inc. (NYSE:BIO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 963 shares of the medical research company’s stock, valued at approximately $214,000.

Several other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of Bio-Rad Laboratories by 6.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,051 shares of the medical research company’s stock valued at $4,234,000 after purchasing an additional 1,230 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Bio-Rad Laboratories by 1,262.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,703 shares of the medical research company’s stock valued at $5,045,000 after purchasing an additional 21,037 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Bio-Rad Laboratories by 7.1% during the 3rd quarter. Rhumbline Advisers now owns 44,579 shares of the medical research company’s stock valued at $9,906,000 after purchasing an additional 2,965 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Bio-Rad Laboratories by 121.8% during the 3rd quarter. Advisor Group Inc. now owns 2,112 shares of the medical research company’s stock valued at $470,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Dorsey Wright & Associates increased its holdings in shares of Bio-Rad Laboratories by 98.6% during the 3rd quarter. Dorsey Wright & Associates now owns 15,783 shares of the medical research company’s stock valued at $3,507,000 after purchasing an additional 7,834 shares in the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.

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Bio-Rad Laboratories, Inc. (NYSE BIO) traded down $0.83 during trading hours on Friday, hitting $255.49. 129,090 shares of the stock traded hands, compared to its average volume of 194,172. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.77 and a current ratio of 4.06. The stock has a market cap of $8,890.00, a price-to-earnings ratio of 80.39, a price-to-earnings-growth ratio of 3.82 and a beta of 0.88. Bio-Rad Laboratories, Inc. has a 52-week low of $169.18 and a 52-week high of $268.40.

Bio-Rad Laboratories (NYSE:BIO) last issued its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.54 by $0.37. The company had revenue of $535.00 million during the quarter, compared to analyst estimates of $507.99 million. Bio-Rad Laboratories had a net margin of 1.15% and a return on equity of 3.44%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. equities research analysts forecast that Bio-Rad Laboratories, Inc. will post 2.65 EPS for the current year.

In related news, EVP Giovanni Magni sold 2,400 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $253.01, for a total value of $607,224.00. Following the completion of the sale, the executive vice president now owns 9,251 shares of the company’s stock, valued at approximately $2,340,595.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 28.29% of the stock is currently owned by insiders.

Several research firms have recently weighed in on BIO. TheStreet raised shares of Bio-Rad Laboratories from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Bio-Rad Laboratories from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $255.00 target price on shares of Bio-Rad Laboratories in a report on Monday, September 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $260.00.

About Bio-Rad Laboratories

Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.

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Institutional Ownership by Quarter for Bio-Rad Laboratories (NYSE:BIO)

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