18,641 Shares in Luna Innovations Incorporated (NASDAQ:LUNA) Bought by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC purchased a new stake in Luna Innovations Incorporated (NASDAQ:LUNA) during the 2nd quarter, Holdings Channel reports. The firm purchased 18,641 shares of the scientific and technical instruments company’s stock, valued at approximately $60,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its position in shares of Luna Innovations by 60.6% in the first quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock valued at $6,484,000 after acquiring an additional 763,165 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Luna Innovations by 353.7% during the 2nd quarter. Squarepoint Ops LLC now owns 155,409 shares of the scientific and technical instruments company’s stock worth $497,000 after purchasing an additional 121,154 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Luna Innovations by 672.6% during the 1st quarter. BNP Paribas Financial Markets now owns 69,549 shares of the scientific and technical instruments company’s stock worth $223,000 after purchasing an additional 60,547 shares in the last quarter. Avenir Corp raised its stake in shares of Luna Innovations by 35.3% during the 4th quarter. Avenir Corp now owns 221,180 shares of the scientific and technical instruments company’s stock worth $1,471,000 after purchasing an additional 57,700 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Luna Innovations by 61.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 145,740 shares of the scientific and technical instruments company’s stock valued at $466,000 after buying an additional 55,740 shares during the last quarter. 87.46% of the stock is owned by institutional investors.

Luna Innovations Trading Up 1.4 %

Luna Innovations stock opened at $2.21 on Monday. The company has a market capitalization of $75.05 million, a price-to-earnings ratio of -27.63 and a beta of 1.58. The stock’s 50 day moving average is $2.45 and its 200-day moving average is $2.85. Luna Innovations Incorporated has a 12 month low of $1.91 and a 12 month high of $7.92.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Luna Innovations in a research note on Sunday. They set a “sell” rating on the stock.

Luna Innovations Profile

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.