Catalyst Capital Advisors LLC Invests $769,000 in Dolby Laboratories, Inc. (NYSE:DLB)

Catalyst Capital Advisors LLC bought a new position in Dolby Laboratories, Inc. (NYSE:DLB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,900 shares of the electronics maker’s stock, valued at approximately $769,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brinker Capital Inc. lifted its position in Dolby Laboratories by 0.6% in the 3rd quarter. Brinker Capital Inc. now owns 33,575 shares of the electronics maker’s stock worth $2,170,000 after buying an additional 204 shares during the last quarter. Berkshire Asset Management LLC PA lifted its position in Dolby Laboratories by 6.5% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 3,566 shares of the electronics maker’s stock worth $230,000 after buying an additional 218 shares during the last quarter. Parallel Advisors LLC lifted its position in Dolby Laboratories by 20.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the electronics maker’s stock worth $84,000 after buying an additional 221 shares during the last quarter. Signaturefd LLC lifted its position in Dolby Laboratories by 17.4% in the 2nd quarter. Signaturefd LLC now owns 1,812 shares of the electronics maker’s stock worth $117,000 after buying an additional 269 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in Dolby Laboratories by 3.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 8,219 shares of the electronics maker’s stock worth $531,000 after buying an additional 299 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Shares of DLB stock opened at $65.08 on Wednesday. Dolby Laboratories, Inc. has a fifty-two week low of $56.09 and a fifty-two week high of $71.77. The stock has a 50 day moving average price of $64.05 and a two-hundred day moving average price of $63.33. The company has a market capitalization of $6.65 billion, a P/E ratio of 27.12, a PEG ratio of 1.78 and a beta of 0.84.

In other Dolby Laboratories news, VP Ryan Nicholson sold 8,197 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $61.04, for a total value of $500,344.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lewis Chew sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $60.33, for a total value of $904,950.00. The disclosure for this sale can be found here. Insiders own 40.23% of the company’s stock.

DLB has been the subject of a number of recent research reports. ValuEngine upgraded Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Dougherty & Co restated a “buy” rating on shares of Dolby Laboratories in a research report on Monday. William Blair restated a “buy” rating on shares of Dolby Laboratories in a research report on Friday, August 2nd. B. Riley upgraded Dolby Laboratories from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Tigress Financial restated a “buy” rating on shares of Dolby Laboratories in a research report on Wednesday, September 18th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Dolby Laboratories currently has an average rating of “Buy” and a consensus target price of $77.33.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones.

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Institutional Ownership by Quarter for Dolby Laboratories (NYSE:DLB)

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