Alere Inc (ALR) Position Increased by P Schoenfeld Asset Management LP

P Schoenfeld Asset Management LP increased its holdings in shares of Alere Inc (NYSE:ALR) by 180.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 646,339 shares of the medical research company’s stock after acquiring an additional 415,764 shares during the quarter. Alere makes up about 2.0% of P Schoenfeld Asset Management LP’s holdings, making the stock its 12th largest position. P Schoenfeld Asset Management LP owned about 0.74% of Alere worth $32,957,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Alere by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,585 shares of the medical research company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alere by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,094 shares of the medical research company’s stock worth $155,000 after buying an additional 321 shares during the last quarter. Prudential Financial Inc. increased its position in Alere by 5.8% in the second quarter. Prudential Financial Inc. now owns 5,515 shares of the medical research company’s stock worth $277,000 after buying an additional 300 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Alere in the second quarter worth $315,000. Finally, Teacher Retirement System of Texas increased its position in Alere by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 6,958 shares of the medical research company’s stock worth $349,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 89.33% of the company’s stock.

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A number of analysts have issued reports on ALR shares. Canaccord Genuity reissued a “hold” rating and issued a $51.00 target price on shares of Alere in a research report on Tuesday, September 19th. Zacks Investment Research cut Alere from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, BidaskClub upgraded Alere from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.00.

Shares of Alere Inc (NYSE:ALR) remained flat at $$50.99 during midday trading on Monday. 1,218,600 shares of the company’s stock traded hands, compared to its average volume of 1,525,780. Alere Inc has a 52 week low of $34.41 and a 52 week high of $51.00. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.04 and a quick ratio of 1.54.

About Alere

Alere Inc is a provider of health information through diagnostic tests. The Company’s segments include professional diagnostics, consumer diagnostics, and corporate and other. 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.

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Institutional Ownership by Quarter for Alere (NYSE:ALR)

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