Ajo LP cut its stake in Masimo Corporation (NASDAQ:MASI) by 72.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,010 shares of the medical equipment provider’s stock after selling 36,429 shares during the period. Ajo LP’s holdings in Masimo Corporation were worth $1,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Masimo Corporation by 4,676.3% in the first quarter. BlackRock Inc. now owns 7,364,235 shares of the medical equipment provider’s stock worth $686,789,000 after buying an additional 7,210,051 shares during the period. Vanguard Group Inc. increased its position in Masimo Corporation by 5.9% in the first quarter. Vanguard Group Inc. now owns 4,617,633 shares of the medical equipment provider’s stock worth $430,641,000 after buying an additional 258,719 shares during the period. Acadian Asset Management LLC increased its position in Masimo Corporation by 28.0% in the second quarter. Acadian Asset Management LLC now owns 1,791,597 shares of the medical equipment provider’s stock worth $163,356,000 after buying an additional 392,410 shares during the period. State Street Corp increased its position in Masimo Corporation by 42.8% in the first quarter. State Street Corp now owns 1,401,516 shares of the medical equipment provider’s stock worth $130,704,000 after buying an additional 419,767 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Masimo Corporation by 27.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,095,353 shares of the medical equipment provider’s stock worth $99,872,000 after buying an additional 233,412 shares during the period. 83.21% of the stock is currently owned by hedge funds and other institutional investors.

Masimo Corporation (NASDAQ MASI) opened at 85.35 on Wednesday. The company has a market cap of $4.43 billion, a PE ratio of 13.99 and a beta of 0.84. Masimo Corporation has a 1-year low of $53.78 and a 1-year high of $104.71. The stock has a 50 day moving average price of $85.78 and a 200 day moving average price of $90.95.

Masimo Corporation (NASDAQ:MASI) last issued its quarterly earnings data on Wednesday, August 2nd. The medical equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Masimo Corporation had a return on equity of 23.45% and a net margin of 45.90%. The firm had revenue of $192.90 million during the quarter, compared to the consensus estimate of $189.03 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts forecast that Masimo Corporation will post $2.80 earnings per share for the current year.

In other Masimo Corporation news, Director Sanford Fitch sold 14,000 shares of Masimo Corporation stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $92.06, for a total value of $1,288,840.00. Following the completion of the transaction, the director now owns 90,249 shares in the company, valued at approximately $8,308,322.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Anand Sampath sold 40,000 shares of Masimo Corporation stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $92.00, for a total value of $3,680,000.00. Following the completion of the transaction, the chief operating officer now owns 20,000 shares of the company’s stock, valued at approximately $1,840,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,000 shares of company stock valued at $11,732,930. Corporate insiders own 16.60% of the company’s stock.

Several brokerages have weighed in on MASI. BidaskClub raised Masimo Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus began coverage on Masimo Corporation in a research report on Monday, July 10th. They issued a “buy” rating and a $105.00 target price on the stock. Roth Capital increased their target price on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. BTIG Research raised Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Masimo Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Masimo Corporation currently has a consensus rating of “Hold” and a consensus price target of $95.00.

ILLEGAL ACTIVITY WARNING: “Ajo LP Has $1.28 Million Holdings in Masimo Corporation (MASI)” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/09/20/ajo-lp-has-1-28-million-holdings-in-masimo-corporation-masi.html.

Masimo Corporation Company Profile

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

Want to see what other hedge funds are holding MASI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masimo Corporation (NASDAQ:MASI).

Institutional Ownership by Quarter for Masimo Corporation (NASDAQ:MASI)

Receive News & Ratings for Masimo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masimo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.