It appears you are asking about the institutional ownership of Coherent Corp., which currently trades under the ticker COHR on the NYSE, though it was formerly known as II-VI Incorporated. While "LASR" might have been associated with a company in the laser industry in the past, the current ticker for Coherent Corp. is COHR.
Coherent Corp. (COHR) does indeed exhibit a very high level of institutional ownership:
- Number of Institutions: As of the latest filings, 1,190 institutional owners hold positions in COHR.1
- Institutional Shares (Long): These institutions collectively hold approximately 182.01 million shares.1
- Ownership Percentage: This translates to institutional ownership of 117.09% of the company's shares outstanding (excluding 13D/G filings).1
An institutional ownership percentage exceeding 100% of shares outstanding is not uncommon on Fintel and typically indicates a high level of institutional conviction. This can occur due to factors such as:
- Derivatives: Institutions holding convertible bonds, options, or other derivatives that represent potential shares.
- Reporting Lags: Differences in reporting dates between institutions and the company's official share count.
- Significant Demand: A strong interest from institutional investors, leading to a large portion of the float being held by funds.
Compared to a typical S&P 500 company, where institutional ownership often ranges from 70% to 90%, Coherent Corp.'s 117.09% is notably high. This suggests that a substantial portion of the company's equity is managed by professional investment firms, mutual funds, and other institutional entities. Such high ownership can sometimes lead to lower trading liquidity for retail investors and potentially influence stock price movements based on institutional buying or selling trends.
You can explore Coherent Corp.'s detailed institutional ownership data, including the top holders and their recent activity, on Fintel's COHR institutional ownership page.
