LivaNova PLC (LIVN) Stake Raised by NWQ Investment Management Company LLC
NWQ Investment Management Company LLC grew its stake in LivaNova PLC (NASDAQ:LIVN) by 71.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500,594 shares of the company’s stock after purchasing an additional 208,264 shares during the quarter. NWQ Investment Management Company LLC owned approximately 1.04% of LivaNova worth $35,072,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in LivaNova by 9.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock worth $105,000 after acquiring an additional 153 shares during the period. Texas Permanent School Fund raised its stake in LivaNova by 0.8% during the second quarter. Texas Permanent School Fund now owns 31,658 shares of the company’s stock worth $1,938,000 after acquiring an additional 265 shares during the period. Arizona State Retirement System raised its stake in LivaNova by 1.7% during the second quarter. Arizona State Retirement System now owns 18,300 shares of the company’s stock worth $1,120,000 after acquiring an additional 300 shares during the period. Thrivent Financial For Lutherans raised its stake in LivaNova by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 8,770 shares of the company’s stock worth $537,000 after acquiring an additional 620 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in LivaNova by 76.3% during the second quarter. Riverhead Capital Management LLC now owns 1,763 shares of the company’s stock worth $108,000 after acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.
LivaNova PLC (LIVN) opened at $83.73 on Thursday. LivaNova PLC has a 1 year low of $44.58 and a 1 year high of $88.56. The company has a quick ratio of 1.42, a current ratio of 2.03 and a debt-to-equity ratio of 0.04. The company has a market cap of $3,989.02, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.
LivaNova (NASDAQ:LIVN) last posted its earnings results on Thursday, November 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.76 by $0.17. LivaNova had a net margin of 4.63% and a return on equity of 9.33%. The firm had revenue of $309.70 million during the quarter, compared to analysts’ expectations of $301.22 million. During the same quarter in the prior year, the firm earned $0.78 EPS. LivaNova’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts forecast that LivaNova PLC will post 3.33 earnings per share for the current year.
LIVN has been the topic of several research reports. ValuEngine upgraded shares of LivaNova from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. WBB Securities lowered shares of LivaNova from a “hold” rating to a “sell” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, August 15th. Canaccord Genuity reiterated a “hold” rating and set a $76.00 price objective on shares of LivaNova in a research note on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and set a $75.00 price objective on shares of LivaNova in a research note on Tuesday, September 12th. Finally, Needham & Company LLC upped their target price on shares of LivaNova from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. LivaNova has an average rating of “Buy” and an average price target of $79.71.
In other LivaNova news, Director Daniel Jeffrey Moore sold 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $68.55, for a total value of $68,550.00. Following the completion of the transaction, the director now owns 57,296 shares in the company, valued at approximately $3,927,640.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hugh M. Morrison sold 1,830 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $88.00, for a total transaction of $161,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,830 shares of company stock valued at $557,100. 0.28% of the stock is owned by insiders.
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LivaNova Company Profile
LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.
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