Silvercrest Asset Management Group LLC Raises Stake in ICU Medical, Inc. (ICUI)
Silvercrest Asset Management Group LLC raised its position in ICU Medical, Inc. (NASDAQ:ICUI) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 624,762 shares of the company’s stock after buying an additional 13,137 shares during the period. ICU Medical makes up 1.0% of Silvercrest Asset Management Group LLC’s holdings, making the stock its 15th largest position. Silvercrest Asset Management Group LLC owned 3.83% of ICU Medical worth $92,059,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in shares of ICU Medical by 2.9% in the fourth quarter. Public Sector Pension Investment Board now owns 10,472 shares of the company’s stock worth $1,543,000 after buying an additional 300 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of ICU Medical by 9.3% in the fourth quarter. Champlain Investment Partners LLC now owns 474,590 shares of the company’s stock worth $69,931,000 after buying an additional 40,464 shares during the period. Flinton Capital Management LLC acquired a new stake in shares of ICU Medical during the fourth quarter worth $332,000. Allianz Asset Management AG acquired a new stake in shares of ICU Medical during the fourth quarter worth $1,286,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of ICU Medical during the fourth quarter worth $289,000. 88.72% of the stock is currently owned by institutional investors.
ICU Medical, Inc. (NASDAQ:ICUI) traded up 1.49% during mid-day trading on Thursday, hitting $150.05. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 43.27 and a beta of 0.33. The firm has a 50-day moving average of $140.10 and a 200 day moving average of $136.90. ICU Medical, Inc. has a 52-week low of $88.46 and a 52-week high of $154.80.
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Separately, Zacks Investment Research cut shares of ICU Medical from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, January 10th.
ICU Medical Company Profile
ICU Medical, Inc is engaged in the development, manufacturing and sales of medical devices used in infusion therapy, oncology and critical care applications. The Company’s product line includes needlefree connection devices, closed system transfer devices (CSTD), needlefree closed blood sampling systems, disposable pressure transducer systems and hemodynamic monitoring systems.
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