17,690 Shares in OraSure Technologies, Inc. (OSUR) Acquired by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan bought a new position in shares of OraSure Technologies, Inc. (NASDAQ:OSUR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,690 shares of the medical instruments supplier’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of OraSure Technologies by 5.9% during the third quarter. BlackRock Inc. now owns 8,979,357 shares of the medical instruments supplier’s stock worth $138,732,000 after acquiring an additional 498,527 shares in the last quarter. Vanguard Group Inc lifted its position in shares of OraSure Technologies by 1.5% during the third quarter. Vanguard Group Inc now owns 3,576,389 shares of the medical instruments supplier’s stock worth $55,256,000 after acquiring an additional 53,671 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of OraSure Technologies by 1.5% during the third quarter. Vanguard Group Inc. now owns 3,576,389 shares of the medical instruments supplier’s stock worth $55,256,000 after acquiring an additional 53,671 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OraSure Technologies by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,918,182 shares of the medical instruments supplier’s stock worth $34,084,000 after acquiring an additional 31,216 shares in the last quarter. Finally, American Capital Management Inc. lifted its position in shares of OraSure Technologies by 275.5% during the fourth quarter. American Capital Management Inc. now owns 1,720,032 shares of the medical instruments supplier’s stock worth $20,090,000 after acquiring an additional 1,262,015 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

NASDAQ:OSUR opened at $9.90 on Wednesday. OraSure Technologies, Inc. has a 1 year low of $9.15 and a 1 year high of $18.45. The firm has a market cap of $614.30 million, a price-to-earnings ratio of 19.80, a P/E/G ratio of 3.95 and a beta of 1.27.

OraSure Technologies (NASDAQ:OSUR) last issued its quarterly earnings data on Wednesday, February 6th. The medical instruments supplier reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.09. OraSure Technologies had a return on equity of 8.45% and a net margin of 11.22%. The company had revenue of $50.25 million for the quarter, compared to the consensus estimate of $47.77 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that OraSure Technologies, Inc. will post 0.2 EPS for the current year.

In related news, CEO Stephen S. Phd Tang sold 16,667 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.10, for a total value of $185,003.70. Following the sale, the chief executive officer now owns 135,627 shares in the company, valued at $1,505,459.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

Several research firms have issued reports on OSUR. ValuEngine downgraded OraSure Technologies from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Canaccord Genuity restated a “buy” rating and set a $16.00 target price on shares of OraSure Technologies in a research report on Thursday, February 7th. Finally, BidaskClub upgraded OraSure Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.

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About OraSure Technologies

OraSure Technologies, Inc, together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally. It operates in two segments, OSUR and DNAG. The company also offers other diagnostic products, such as immunoassays and other in vitro diagnostic tests.

Further Reading: Coverage Ratio

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Institutional Ownership by Quarter for OraSure Technologies (NASDAQ:OSUR)

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