Bank of America Corp DE reduced its holdings in shares of LivaNova PLC (NASDAQ:LIVN – Get Rating) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 618,145 shares of the company's stock after selling 2,059 shares during the quarter. Bank of America Corp DE owned 1.16% of LivaNova worth $50,582,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of LivaNova in the first quarter valued at $64,579,000. P2 Capital Partners LLC bought a new position in LivaNova during the 4th quarter valued at $56,968,000. Goldman Sachs Group Inc. raised its holdings in shares of LivaNova by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 993,066 shares of the company's stock worth $81,263,000 after purchasing an additional 383,973 shares during the period. Marshall Wace LLP raised its holdings in shares of LivaNova by 397.7% during the fourth quarter. Marshall Wace LLP now owns 461,729 shares of the company's stock worth $40,370,000 after purchasing an additional 368,955 shares during the period. Finally, Greenlight Capital Inc. raised its holdings in shares of LivaNova by 92.1% during the fourth quarter. Greenlight Capital Inc. now owns 341,000 shares of the company's stock worth $29,814,000 after purchasing an additional 163,500 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts have weighed in on LIVN shares. Needham & Company LLC dropped their target price on shares of LivaNova from $106.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, August 4th. StockNews.com raised shares of LivaNova from a "hold" rating to a "buy" rating in a report on Friday, September 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of LivaNova from $85.00 to $73.00 and set a "buy" rating on the stock in a report on Tuesday, August 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $90.20.
LivaNova Stock Down 0.9 %
LivaNova stock opened at $50.01 on Wednesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -89.30 and a beta of 0.91. The company has a current ratio of 2.93, a quick ratio of 2.47 and a debt-to-equity ratio of 0.36. The company's 50-day moving average price is $59.38 and its two-hundred day moving average price is $66.76. LivaNova PLC has a 52 week low of $47.55 and a 52 week high of $93.89.LivaNova (NASDAQ:LIVN – Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $254.20 million during the quarter, compared to analysts' expectations of $249.55 million. LivaNova had a negative net margin of 2.74% and a positive return on equity of 9.35%. The business's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. On average, analysts expect that LivaNova PLC will post 1.91 EPS for the current fiscal year.
About LivaNova
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LivaNova PLC, a medical device company, designs, develops, manufactures, and sells therapeutic solutions worldwide. It operates through three segments: Cardiopulmonary, Neuromodulation, and Advanced Circulatory Support. The Cardiopulmonary segment develops, produces, and sells cardiopulmonary products, including oxygenators, heart-lung machines, autotransfusion systems, perfusion tubing systems, cannulae, connect, and other related products.
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