Boston Scientific Co. (BSX) SVP Maulik Nanavaty Sells 23,458 Shares
Boston Scientific Co. (NYSE:BSX) SVP Maulik Nanavaty sold 23,458 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $37.28, for a total value of $874,514.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NYSE:BSX opened at $34.60 on Thursday. The company has a market capitalization of $47.12 billion, a PE ratio of 23.81, a P/E/G ratio of 2.24 and a beta of 0.68. Boston Scientific Co. has a 1 year low of $24.54 and a 1 year high of $39.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.56.
Boston Scientific (NYSE:BSX) last posted its quarterly earnings data on Wednesday, October 24th. The medical equipment provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. Boston Scientific had a return on equity of 26.44% and a net margin of 6.93%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.31 EPS. Research analysts expect that Boston Scientific Co. will post 1.39 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of BSX. Captrust Financial Advisors lifted its stake in shares of Boston Scientific by 103.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,129 shares of the medical equipment provider’s stock valued at $102,000 after purchasing an additional 1,594 shares during the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Boston Scientific in the 2nd quarter valued at approximately $104,000. Kaizen Advisory LLC lifted its stake in shares of Boston Scientific by 146.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,299 shares of the medical equipment provider’s stock valued at $108,000 after purchasing an additional 1,962 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of Boston Scientific in the 3rd quarter valued at approximately $108,000. Finally, Capital Guardian Trust Co. bought a new stake in shares of Boston Scientific in the 3rd quarter valued at approximately $110,000. 92.27% of the stock is owned by institutional investors and hedge funds.
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Boston Scientific Company Profile
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems.
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