Sei Investments Co. Has $981,000 Holdings in Lumentum Holdings Inc. (LITE)

Sei Investments Co. cut its holdings in shares of Lumentum Holdings Inc. (NASDAQ:LITE) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,056 shares of the technology company’s stock after selling 2,259 shares during the quarter. Sei Investments Co.’s holdings in Lumentum were worth $981,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Riverhead Capital Management LLC raised its holdings in shares of Lumentum by 71.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,062 shares of the technology company’s stock valued at $118,000 after purchasing an additional 862 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Lumentum by 111.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,662 shares of the technology company’s stock valued at $152,000 after purchasing an additional 1,406 shares during the period. World Asset Management Inc bought a new stake in shares of Lumentum in the 2nd quarter valued at about $211,000. Virtu KCG Holdings LLC bought a new stake in shares of Lumentum in the 2nd quarter valued at about $226,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of Lumentum in the 2nd quarter valued at about $229,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Aaron Tachibana sold 1,248 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $60.00, for a total value of $74,880.00. Following the transaction, the chief financial officer now owns 69,830 shares in the company, valued at approximately $4,189,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Vincent Retort sold 30,706 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $54.46, for a total transaction of $1,672,248.76. Following the completion of the transaction, the chief operating officer now owns 110,770 shares in the company, valued at approximately $6,032,534.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,891 shares of company stock worth $3,675,432. 0.76% of the stock is owned by company insiders.

LITE has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $80.00 target price on shares of Lumentum in a report on Wednesday, September 6th. B. Riley reaffirmed a “buy” rating and issued a $81.00 target price on shares of Lumentum in a report on Sunday, August 13th. Zacks Investment Research cut shares of Lumentum from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lumentum in a report on Thursday, September 21st. Finally, BidaskClub raised shares of Lumentum from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Lumentum currently has a consensus rating of “Hold” and a consensus price target of $68.06.

Lumentum Holdings Inc. (NASDAQ:LITE) opened at $49.60 on Friday. Lumentum Holdings Inc. has a 52 week low of $34.15 and a 52 week high of $68.63. The company has a market cap of $2,876.80, a PE ratio of 32.45, a P/E/G ratio of 0.85 and a beta of 0.83. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50.

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About Lumentum

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).

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Institutional Ownership by Quarter for Lumentum (NASDAQ:LITE)

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