OraSure Technologies, Inc. (OSUR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in OraSure Technologies, Inc. (NASDAQ:OSUR) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,631 shares of the medical instruments supplier’s stock after selling 9,631 shares during the period. California State Teachers Retirement System owned about 0.15% of OraSure Technologies worth $2,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pier Capital LLC purchased a new position in OraSure Technologies in the 3rd quarter valued at approximately $5,819,000. OxFORD Asset Management LLP purchased a new position in OraSure Technologies in the 3rd quarter valued at approximately $1,323,000. KBC Group NV increased its stake in OraSure Technologies by 80.5% in the 3rd quarter. KBC Group NV now owns 88,502 shares of the medical instruments supplier’s stock valued at $1,991,000 after purchasing an additional 39,469 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in OraSure Technologies by 16.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 262,429 shares of the medical instruments supplier’s stock valued at $5,905,000 after purchasing an additional 36,436 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in OraSure Technologies in the 3rd quarter valued at approximately $2,303,000. 94.43% of the stock is owned by hedge funds and other institutional investors.

OSUR has been the subject of several research analyst reports. Zacks Investment Research raised OraSure Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, September 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 price objective on shares of OraSure Technologies in a research note on Tuesday, September 19th. Jefferies Group reissued a “buy” rating and set a $23.00 price target on shares of OraSure Technologies in a research report on Friday, October 20th. BidaskClub raised OraSure Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, ValuEngine downgraded OraSure Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $19.65.

OraSure Technologies, Inc. (NASDAQ:OSUR) opened at $20.47 on Wednesday. The firm has a market capitalization of $1,240.00, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 4.44 and a beta of 1.27. OraSure Technologies, Inc. has a 1 year low of $8.39 and a 1 year high of $23.01.

OraSure Technologies (NASDAQ:OSUR) last released its quarterly earnings results on Wednesday, November 1st. The medical instruments supplier reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $42.30 million during the quarter, compared to the consensus estimate of $40.87 million. OraSure Technologies had a return on equity of 14.12% and a net margin of 20.48%. OraSure Technologies’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. analysts anticipate that OraSure Technologies, Inc. will post 0.43 earnings per share for the current fiscal year.

In related news, Director Mara G. Aspinall purchased 5,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average price of $14.23 per share, with a total value of $71,150.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $71,150. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

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About OraSure Technologies

OraSure Technologies, Inc (OraSure) is involved in the development, manufacture, marketing and sale of oral fluid diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types.

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

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