Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Avanos Medical Inc (AVNS)
Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Avanos Medical Inc (NYSE:AVNS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,292 shares of the company’s stock, valued at approximately $226,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Bollard Group LLC purchased a new position in shares of Avanos Medical in the third quarter worth approximately $100,000. Whittier Trust Co. purchased a new position in shares of Avanos Medical in the third quarter worth approximately $110,000. Public Employees Retirement System of Ohio purchased a new position in Avanos Medical during the second quarter valued at approximately $136,000. CENTRAL TRUST Co purchased a new position in Avanos Medical during the third quarter valued at approximately $167,000. Finally, Bank of Montreal Can purchased a new position in Avanos Medical during the third quarter valued at approximately $197,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of AVNS opened at $46.10 on Friday. Avanos Medical Inc has a 52 week low of $42.80 and a 52 week high of $72.96. The company has a market cap of $2.18 billion, a P/E ratio of 19.62 and a beta of 1.80. The company has a current ratio of 2.78, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19.
A number of research analysts recently commented on AVNS shares. Raymond James raised shares of Avanos Medical from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 21st. Zacks Investment Research downgraded shares of Avanos Medical from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Morgan Stanley boosted their price objective on shares of Avanos Medical from $60.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, October 11th. Barclays started coverage on shares of Avanos Medical in a research report on Monday, October 15th. They set an “equal weight” rating and a $69.00 price objective on the stock. Finally, TheStreet downgraded shares of Avanos Medical from a “b-” rating to a “c” rating in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Avanos Medical presently has a consensus rating of “Hold” and an average target price of $69.25.
In other Avanos Medical news, CEO Joseph Fralin Woody bought 3,500 shares of Avanos Medical stock in a transaction on Wednesday, November 28th. The stock was purchased at an average cost of $43.35 per share, for a total transaction of $151,725.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John W. Wesley bought 1,000 shares of Avanos Medical stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $47.48 per share, with a total value of $47,480.00. The disclosure for this purchase can be found here. Insiders have purchased 6,500 shares of company stock worth $286,685 over the last ninety days. 1.44% of the stock is currently owned by insiders.
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About Avanos Medical
Avanos Medical, Inc operates as a medical technology company that focuses on eliminating pain, speeding recovery, and preventing infection for healthcare providers and patients worldwide. Its Medical Devices segment provides a portfolio of products that focuses on respiratory and digestive health, along with surgical and interventional pain management.
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