Finisar Corporation (FNSR) Position Decreased by Dimensional Fund Advisors Lp Last Quarter


Finisar Corporation (NASDAQ:FNSR).

Dimensional Fund Advisors Lp reports that it sold 135,078 shares in the previous quarter decreasing its stake in Finisar Corporation (FNSR) by 3.0%. Its stake was worth $113,302,000 a decrease of 7.8% as of the end of the quarter.

Here are a few additional firms who have increased or decreased their stake in (FNSR). As of quarter end Renaissance Technologies LLC had sold 935,400 shares trimming its holdings by 21.8%. The value of the total investment in Finisar Corporation decreased from $117,207,000 to $87,075,000 a change of 25.7% for the reporting period. As of the end of the quarter Thrivent Financial For Lutherans had acquired a total of 1,000 shares growing its stake by 0.3%. The value of the investment in Finisar Corporation went from $8,222,000 to $7,839,000 a change of $383,000 quarter over quarter.

California Public Employees Retirement System augmented its ownership by buying 5,200 shares an increase of 2.6% from 03/31/2017 to 06/30/2017. California Public Employees Retirement System claims 202,800 shares with a value of $5,269,000. The value of the position overall is down by 2.5%.

DA Davidson began coverage of the stock giving it an initial rating of “Buy”.

The company is now down since yesterday’s close of $23.43. It is trading at $23.42 well below $26.65, the stock’s 50 day moving average and a great deal lower than the 200 day moving average of $27.36. The 50 day moving average went down $-3.23 or -12.12% and the 200 day average was down $-3.94.

The P/E ratio is currently 10.69 and market cap is 2.61B. As of the latest earnings report the EPS was $2.19 and is estimated to be $2.10 for the current year with 111,526,000 shares currently outstanding. Next quarter’s EPS is expected be $0.52 with next year’s EPS projected to be $2.50.