Sterling Capital Management reduces stake in Novanta Inc.
1 report, 1 independent
Updated Sun 00:00
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What happened
Sterling Capital Management LLC lowered its stake in Novanta Inc. by 88.4% during the third quarter, selling 9,110 shares. The fund's remaining holdings in the technology company were valued at $170,000. The company's stock is traded on the Nasdaq exchange.
From themarketsdaily.com
Why it matters
The reduction in stake by Sterling Capital Management occurs alongside other institutional activity, including Rockefeller Capital Management L.P. raising its stake in the company. Furthermore, Wall Street Zen recently lowered Novanta's rating from a "buy" to a "hold."
From themarketsdaily.com
Who's involved
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The entities involved
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Nasdaq
American fully electronic stock exchange
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