2 weeks Ago By ABMN Staff
Hsbc Holdings PLC trimmed its holdings in shares of Merit Medical Systems, Inc. ( NASDAQ:MMSI – Free Report ) by 11.9% during the 2nd quarter, Holdings Channel reports.
The institutional investor owned 12,937 shares of the medical instruments supplier’s stock after selling 1,745 shares during the quarter. Hsbc Holdings PLC’s holdings in Merit Medical Systems were worth $1,106,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in MMSI.
Opal Wealth Advisors LLC purchased a new stake in shares of Merit Medical Systems during the 2nd quarter valued at about $29,000. Parallel Advisors LLC raised its position in shares of Merit Medical Systems by 114.6% during the 4th quarter.
Parallel Advisors LLC now owns 397 shares of the medical instruments supplier’s stock valued at $30,000 after buying an additional 212 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Merit Medical Systems during the 1st quarter valued at about $44,000. Headlands Technologies LLC purchased a new stake in shares of Merit Medical Systems during the 1st quarter valued at about $50,000.
Finally, EntryPoint Capital LLC raised its position in shares of Merit Medical Systems by 2,666.7% during the 1st quarter. EntryPoint Capital LLC now owns 913 shares of the medical instruments supplier’s stock valued at $69,000 after buying an additional 880 shares in the last quarter.
99.66% of the stock is currently owned by hedge funds and other institutional investors. Merit Medical Systems Price Performance Shares of MMSI stock opened at $97.
68 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 6.
24 and a quick ratio of 4.64. The company has a market capitalization of $5.
68 billion, a P/E ratio of 56.14, a P/E/G ratio of 2.52 and a beta of 0.
87. The company’s 50-day simple moving average is $92.98 and its two-hundred day simple moving average is $83.
92. Merit Medical Systems, Inc. has a one year low of $62.
58 and a one year high of $101.60. Wall Street Analyst Weigh In Several analysts have recently issued reports on the stock.
Wells Fargo & Company upped their target price on shares of Merit Medical Systems from $85.00 to $103.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th.
Canaccord Genuity Group upped their price target on shares of Merit Medical Systems from $102.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd.
Barrington Research upped their price target on shares of Merit Medical Systems from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, September 20th.
Baird R W upgraded shares of Merit Medical Systems to a “strong-buy” rating in a report on Friday, June 28th. Finally, StockNews.com downgraded shares of Merit Medical Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.
Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.82.
Check Out Our Latest Stock Analysis on Merit Medical Systems Merit Medical Systems Profile ( Free Report ) Merit Medical Systems, Inc designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States and internationally. It operates in two segments, Cardiovascular and Endoscopy. The company provides micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention, including angiography, drainage, delivery systems, and embolotherapy products; spine products, such as vertebral augmentation, radiofrequency ablation, and bone biopsy systems; oncology products; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions.
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