Kovack Advisors Inc. Reduces Holdings in EMCORE Co. (NASDAQ:EMKR)

Kovack Advisors Inc. decreased its holdings in EMCORE Co. (NASDAQ:EMKR) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,560 shares of the semiconductor company’s stock after selling 35,160 shares during the quarter. Kovack Advisors Inc. owned 0.49% of EMCORE worth $134,000 at the end of the most recent reporting period.

Separately, Newbridge Financial Services Group Inc. purchased a new position in shares of EMCORE in the fourth quarter worth approximately $39,000. 65.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMKR has been the topic of a number of recent analyst reports. Craig Hallum cut shares of EMCORE from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. StockNews.com initiated coverage on shares of EMCORE in a research note on Sunday. They set a “hold” rating on the stock.

EMCORE Trading Up 1.0 %

NASDAQ EMKR opened at $3.10 on Monday. EMCORE Co. has a 12 month low of $0.78 and a 12 month high of $4.60. The stock has a market cap of $28.15 million, a price-to-earnings ratio of -1.06 and a beta of 1.70. The company’s 50 day moving average is $3.04 and its two-hundred day moving average is $2.42.

EMCORE Profile

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.