Alere Inc’s (NYSE:ALR) Sentiment is 0.98

July 18, 2017 - By Winifred Garcia

 Alere Inc's (NYSE:ALR) Sentiment is 0.98

Sentiment for Alere Inc (NYSE:ALR)

Alere Inc (NYSE:ALR) institutional sentiment increased to 0.98 in Q4 2016. Its up 0.10, from 0.88 in 2016Q3. The ratio is better, as 99 investment managers started new and increased positions, while 101 reduced and sold their holdings in Alere Inc. The investment managers in our partner’s database now possess: 73.43 million shares, down from 75.35 million shares in 2016Q3. Also, the number of investment managers 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.

Analysts expect Alere Inc (NYSE:ALR) to report $0.34 EPS on August, 16.They anticipate $0.55 EPS change or 261.90 % from last quarter’s $-0.21 EPS. ALR’s profit would be $29.75 million giving it 36.98 P/E if the $0.34 EPS is correct.

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 firm has “Hold” rating given on Tuesday, June 6 by Canaccord Genuity. The stock of Alere Inc (NYSE:ALR) earned “Hold” rating by Craig Hallum on Monday, May 15. The stock has “Buy” rating by Canaccord Genuity on Tuesday, May 23. The stock of Alere Inc (NYSE:ALR) earned “Buy” rating by Canaccord Genuity on Thursday, September 29. Jefferies maintained Alere Inc (NYSE:ALR) on Thursday, June 1 with “Hold” rating. Wedbush maintained Alere Inc (NYSE:ALR) rating on Thursday, November 5. Wedbush has “Neutral” rating and $39 target. The stock has “Hold” rating by TheStreet on Friday, August 14. The firm has “Buy” rating given on Thursday, November 5 by Canaccord Genuity. The firm earned “Buy” rating on Tuesday, August 4 by BTIG Research. As per Tuesday, February 2, the company rating was downgraded by Jefferies.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.