Teachers Retirement System of The State of Kentucky held its position in shares of Merit Medical Systems, Inc. (NASDAQ:MMSI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the medical instruments supplier’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Merit Medical Systems were worth $477,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Eagle Asset Management Inc. boosted its position in Merit Medical Systems by 9.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 593,732 shares of the medical instruments supplier’s stock worth $22,650,000 after buying an additional 51,147 shares during the period. Fiera Capital Corp acquired a new stake in Merit Medical Systems during the 2nd quarter worth approximately $9,958,000. Vanguard Group Inc. boosted its position in Merit Medical Systems by 16.1% during the 1st quarter. Vanguard Group Inc. now owns 4,186,883 shares of the medical instruments supplier’s stock worth $121,001,000 after buying an additional 580,871 shares during the period. Aperio Group LLC boosted its position in Merit Medical Systems by 3.9% during the 2nd quarter. Aperio Group LLC now owns 10,467 shares of the medical instruments supplier’s stock worth $399,000 after buying an additional 391 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Merit Medical Systems by 50.4% during the 1st quarter. Russell Investments Group Ltd. now owns 28,711 shares of the medical instruments supplier’s stock worth $830,000 after buying an additional 9,625 shares during the period. Institutional investors and hedge funds own 89.13% of the company’s stock.

In other news, Director F. Ann Millner sold 3,106 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $41.01, for a total value of $127,377.06. Following the transaction, the director now owns 6,750 shares in the company, valued at $276,817.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Scott Anderson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.15, for a total transaction of $1,028,750.00. Following the completion of the transaction, the director now owns 10,400 shares in the company, valued at approximately $427,960. The disclosure for this sale can be found here. Insiders sold 67,106 shares of company stock worth $2,772,344 in the last 90 days. Company insiders own 5.00% of the company’s stock.

MMSI has been the topic of several recent research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $45.00 target price on shares of Merit Medical Systems in a research report on Friday, July 28th. Craig Hallum reiterated a “buy” rating and set a $50.00 target price (up from $42.00) on shares of Merit Medical Systems in a research report on Thursday, July 27th. Bank of America Corporation initiated coverage on shares of Merit Medical Systems in a research report on Thursday, July 20th. They set a “buy” rating and a $44.00 target price on the stock. Sidoti reiterated a “buy” rating and set a $46.00 target price (up from $41.00) on shares of Merit Medical Systems in a research report on Wednesday, June 28th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $45.00 target price on shares of Merit Medical Systems in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.27.

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Merit Medical Systems, Inc. (MMSI) opened at 42.00 on Friday. The stock has a 50 day moving average of $42.26 and a 200-day moving average of $37.63. Merit Medical Systems, Inc. has a 12 month low of $20.70 and a 12 month high of $45.50. The firm has a market cap of $2.11 billion, a P/E ratio of 59.83 and a beta of 1.25.

Merit Medical Systems (NASDAQ:MMSI) last issued its earnings results on Wednesday, July 26th. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. Merit Medical Systems had a net margin of 4.87% and a return on equity of 9.78%. The firm had revenue of $186.50 million for the quarter, compared to analysts’ expectations of $181.46 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue was up 23.4% on a year-over-year basis. Equities research analysts predict that Merit Medical Systems, Inc. will post $1.26 earnings per share for the current fiscal year.

Merit Medical Systems Company Profile

Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.

Institutional Ownership by Quarter for Merit Medical Systems (NASDAQ:MMSI)

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