Luna Innovations (LUNA) Reaches $3.38 After 7.00% Down Move; Dimensional Fund Advisors LP Has Cut Its Csx (CSX) Position

April 17, 2018 - By Hazel Jackson

Luna Innovations Incorporated (NASDAQ:LUNA) Logo

The stock of Luna Innovations Incorporated (NASDAQ:LUNA) is a huge mover today! The stock decreased 0.59% or $0.02 during the last trading session, reaching $3.38. About 170,135 shares traded or 21.64% up from the average. Luna Innovations Incorporated (NASDAQ:LUNA) has risen 84.21% since April 17, 2017 and is uptrending. It has outperformed by 72.66% the S&P500.The move comes after 7 months negative chart setup for the $94.42 million company. It was reported on Apr, 17 by Barchart.com. We have $3.14 PT which if reached, will make NASDAQ:LUNA worth $6.61M less.

Dimensional Fund Advisors Lp decreased Csx Corp (CSX) stake by 36.28% reported in 2017Q4 SEC filing. Dimensional Fund Advisors Lp sold 2.60 million shares as Csx Corp (CSX)’s stock declined 0.55%. The Dimensional Fund Advisors Lp holds 4.57 million shares with $251.60 million value, down from 7.18M last quarter. Csx Corp now has $49.60B valuation. The stock increased 0.09% or $0.05 during the last trading session, reaching $56.46. About 3.02 million shares traded. CSX Corporation (NYSE:CSX) has risen 18.37% since April 17, 2017 and is uptrending. It has outperformed by 6.82% the S&P500.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.14, from 0.66 in 2017Q3. It improved, as 66 investors sold CSX shares while 324 reduced holdings. 97 funds opened positions while 215 raised stakes. 602.87 million shares or 1.51% less from 612.12 million shares in 2017Q3 were reported. Point72 Asset Mgmt Lp accumulated 957,958 shares. Panagora Asset Management reported 27,032 shares. Richard Bernstein Limited Liability Corporation, a New York-based fund reported 7,118 shares. Spirit Of America Management Corporation New York holds 20,400 shares. Telemus Cap Limited owns 0.09% invested in CSX Corporation (NASDAQ:CSX) for 20,334 shares. Brown Brothers Harriman Company holds 0.06% in CSX Corporation (NASDAQ:CSX) or 203,010 shares. Moreover, Wilbanks Smith And Thomas Asset Management Lc has 0.04% invested in CSX Corporation (NASDAQ:CSX). Umb National Bank N A Mo holds 6,220 shares. Primecap Ca holds 2.86M shares or 0.12% of its portfolio. Valinor Management Lp holds 1.06% in CSX Corporation (NASDAQ:CSX) or 652,000 shares. Moreover, Stratos Wealth Partners has 0.03% invested in CSX Corporation (NASDAQ:CSX). Guardian Life Ins Co Of America holds 0.04% in CSX Corporation (NASDAQ:CSX) or 2,960 shares. Parkside Fincl Bank & Tru invested in 0.09% or 4,364 shares. Gradient holds 0.01% of its portfolio in CSX Corporation (NASDAQ:CSX) for 3,759 shares. Bluecrest Capital Limited owns 5,007 shares for 0.01% of their portfolio.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 19 have Buy rating, 3 Sell and 9 Hold. Therefore 61% are positive. CSX Corporation had 112 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Wednesday, January 17 with “Buy”. The rating was maintained by UBS on Friday, November 17 with “Buy”. The firm has “Neutral” rating by Seaport Global Securities given on Wednesday, October 19. The firm has “Buy” rating by UBS given on Wednesday, January 17. The firm earned “Buy” rating on Tuesday, January 16 by Susquehanna. The firm earned “Sector Outperform” rating on Thursday, January 19 by Scotia Capital. Bank of America downgraded CSX Corporation (NASDAQ:CSX) rating on Friday, December 4. Bank of America has “Neutral” rating and $29 target. As per Monday, February 22, the company rating was upgraded by Bank of America. The rating was maintained by Deutsche Bank on Friday, March 2 with “Buy”. As per Friday, August 11, the company rating was maintained by RBC Capital Markets.

Dimensional Fund Advisors Lp increased Marcus Corp (NYSE:MCS) stake by 23,846 shares to 1.62 million valued at $44.27M in 2017Q4. It also upped Vasco Data Sec Intl Inc (NASDAQ:VDSI) stake by 198,540 shares and now owns 1.21 million shares. Wex Inc (NYSE:WEX) was raised too.

Analysts await Luna Innovations Incorporated (NASDAQ:LUNA) to report earnings on May, 10. They expect $0.02 earnings per share, up 140.00% or $0.07 from last year’s $-0.05 per share. LUNA’s profit will be $558,669 for 42.25 P/E if the $0.02 EPS becomes a reality. After $0.03 actual earnings per share reported by Luna Innovations Incorporated for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Since April 10, 2018, it had 0 insider buys, and 1 sale for $151,014 activity. 44,012 Luna Innovations Incorporated (NASDAQ:LUNA) shares with value of $151,014 were sold by Carilion Clinic.

Luna Innovations Incorporated develops, makes, and markets fiber optic sensing, and test and measurement products worldwide. The company has market cap of $94.42 million. It operates in two divisions, Products and Licensing, and Technology Development. It has a 6.5 P/E ratio. The Products and Licensing segment offers fiber optic sensing, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software; and high speed optical receivers, such as 100G optical receivers and 10G avalanche photodiodes.

Investors sentiment decreased to 1.73 in Q4 2017. Its down 0.67, from 2.4 in 2017Q3. It dropped, as 5 investors sold Luna Innovations Incorporated shares while 6 reduced holdings. 10 funds opened positions while 9 raised stakes. 4.57 million shares or 52.39% more from 3.00 million shares in 2017Q3 were reported. First Wilshire Management Incorporated reported 0.29% of its portfolio in Luna Innovations Incorporated (NASDAQ:LUNA). Bank & Trust Of America De holds 0% in Luna Innovations Incorporated (NASDAQ:LUNA) or 317 shares. Us National Bank & Trust De holds 0% or 3,500 shares in its portfolio. Susquehanna Intll Group Llp has 13,625 shares. Guggenheim Limited Liability Corp accumulated 12,021 shares. Acadian Asset Mngmt reported 0% stake. Bridgeway Capital Management Incorporated holds 0% or 182,200 shares in its portfolio. Deutsche Bancorp Ag owns 0% invested in Luna Innovations Incorporated (NASDAQ:LUNA) for 100,910 shares. Northern holds 33,058 shares. 544,250 are owned by Perritt. Raymond James And Associate owns 81,459 shares. Art Advsr Lc accumulated 13,614 shares or 0% of the stock. Renaissance Tech Ltd holds 841,005 shares or 0% of its portfolio. California Public Employees Retirement Systems holds 84,238 shares. Yakira Management holds 34,483 shares or 0.03% of its portfolio.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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