II-VI Incorporated (IIVI) Institutional Holdings Reach $1.88 billion

II-VI Incorporated (NASDAQ:IIVI) is at least 15.18% than its current record low price of $29.31. There was a 2.77% gain on 01/10/2019 that led the price to move at $33.76. At recent session, the prices were hovering between $32.48 and $33.88. This company shares are 51.07% off its target price of $51 and the current market capitalization stands at $2.22B. The recent change has given its price a -5.12% deficit over SMA 50 and -36.39% deficit over its 52-week high. The stock witnessed -3.13% declines, -13.9% declines and -20.94% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IIVI’s volatility during a week at 4.54% and during a month it has been found around 5.12%.

II-VI Incorporated (IIVI) Top Holders

Institutional investors currently hold around $1.88 billion or 90.7% in IIVI stock. Look at its top three institutional owners. Blackrock Inc. owns $307.32 million in II-VI Incorporated, which represents roughly 13.84% of the company’s market cap and approximately 16.34% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 8,036,467 shares of the stock are valued at $264 million. The third largest holder is Vanguard Group Inc, which currently holds $192.74 million worth of this stock and that ownership represents nearly 8.68% of its market capitalization.

II-VI Incorporated 13F Filings

At the end of September reporting period, 115 institutional holders increased their position in II-VI Incorporated (NASDAQ:IIVI) by some 3,702,953 shares, 97 decreased positions by 5,662,046 and 38 held positions by 47,887,325. That puts total institutional holdings at 57,252,324 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 931,917 shares while 28 institutional investors sold out their entire positions totaling 2,604,834 shares.

II-VI Incorporated (NASDAQ:IIVI) Insider Trades

Multiple company employees have indulged in significant insider trading. II-VI Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP, Human Resources Wagner David G has sold 4,833 shares of II-VI Incorporated (IIVI) in trading session dated Sep. 25, 2018. These shares are worth $236,817 and were traded at $49 each. The SEC filing shows that Wagner David G performed a sale of 200 shares. The VP, Human Resources disposed these shares by way of transaction on Sep. 18, 2018. The company’s shares were given away at $49 per share worth to an income of some $9,800 on account of Wagner David G.

VP, Human Resources, Wagner David G, sold 33,076 common shares of II-VI Incorporated (IIVI) in the open market. In a transaction dated Sep. 04, 2018, the shares were put up for sale at an average price of $48.01, raking in a sum of $1,587,979. After this sale, 60,878 common shares of IIVI are directly owned by the insider, with total stake valued at $2,055,241.

In the transaction dated Aug. 30, 2018, the great number of shares disposed came courtesy the Director; Kramer Francis J disposed a total of 9,090 shares at an average price of $50, amounting to approximately $454,500. The insider now directly owns 601,556 shares worth $20,308,531.

II-VI Incorporated (IIVI) Analyst Guide

Several analysts have released their opinion on II-VI Incorporated (NASDAQ:IIVI), with 4 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation.