Jane Street Group LLC Reduces Stock Position in Luna Innovations Incorporated (NASDAQ:LUNA)

Jane Street Group LLC reduced its holdings in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 69.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,590 shares of the scientific and technical instruments company’s stock after selling 88,925 shares during the quarter. Jane Street Group LLC’s holdings in Luna Innovations were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LUNA. Malaga Cove Capital LLC bought a new stake in Luna Innovations in the third quarter valued at about $25,000. AQR Capital Management LLC acquired a new position in shares of Luna Innovations in the 2nd quarter worth approximately $37,000. Point72 DIFC Ltd bought a new stake in shares of Luna Innovations in the 2nd quarter valued at approximately $39,000. Marathon Capital Management raised its position in shares of Luna Innovations by 9.8% during the 2nd quarter. Marathon Capital Management now owns 167,500 shares of the scientific and technical instruments company’s stock valued at $536,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Luna Innovations during the second quarter worth $48,000. Institutional investors and hedge funds own 87.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Luna Innovations in a research note on Saturday. They set a “sell” rating for the company.

Luna Innovations Stock Down 3.8 %

Shares of NASDAQ LUNA opened at $1.00 on Wednesday. The firm’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $2.10. Luna Innovations Incorporated has a 52-week low of $0.70 and a 52-week high of $7.92. The stock has a market capitalization of $33.96 million, a P/E ratio of -12.50 and a beta of 1.56.

Luna Innovations Company 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.