Bank of New York Mellon Corp Has $85,000 Stake in Luna Innovations Incorporated (NASDAQ:LUNA)

Bank of New York Mellon Corp cut its position in shares of Luna Innovations Incorporated (NASDAQ:LUNA) by 30.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,390 shares of the scientific and technical instruments company’s stock after selling 17,031 shares during the quarter. Bank of New York Mellon Corp’s holdings in Luna Innovations were worth $85,000 at the end of the most recent quarter.

Separately, Needham Investment Management LLC grew its holdings in Luna Innovations by 150.0% during the 3rd quarter. Needham Investment Management LLC now owns 1,000,000 shares of the scientific and technical instruments company’s stock worth $2,350,000 after acquiring an additional 600,000 shares during the period. 87.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Luna Innovations in a research note on Monday, March 24th. They issued a “sell” rating on the stock.

Luna Innovations Stock Performance

Luna Innovations stock opened at $0.70 on Monday. Luna Innovations Incorporated has a 52-week low of $0.65 and a 52-week high of $3.89. The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $1.42.

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.