BidaskClub cut shares of LivaNova PLC (NASDAQ:LIVN) from a buy rating to a hold rating in a research note issued to investors on Tuesday, August 1st.
LivaNova PLC (LIVN) traded down 0.66% during mid-day trading on Tuesday, hitting $61.78. 347,553 shares of the stock were exchanged. The company has a market capitalization of $3.02 billion, a PE ratio of 110.32 and a beta of 0.62. LivaNova PLC has a 52 week low of $40.83 and a 52 week high of $64.95. The stock’s 50-day moving average is $61.64 and its 200 day moving average is $55.08.
LivaNova PLC (NASDAQ:LIVN) last released its quarterly earnings data on Wednesday, August 9th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The business had revenue of $321.40 million for the quarter, compared to the consensus estimate of $315.75 million. LivaNova PLC had a net margin of 2.26% and a return on equity of 9.08%. LivaNova PLC’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts anticipate that LivaNova PLC will post $3.16 EPS for the current year.
In other LivaNova PLC news, Director Sharon O’kane purchased 1,000 shares of LivaNova PLC stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $58.58 per share, for a total transaction of $58,580.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $58,580. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 3,000 shares of company stock worth $180,840. 0.28% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of LivaNova PLC by 7.5% in the second quarter. Franklin Resources Inc. now owns 5,089,070 shares of the company’s stock worth $311,515,000 after buying an additional 354,956 shares during the last quarter. FMR LLC raised its stake in shares of LivaNova PLC by 74.9% in the first quarter. FMR LLC now owns 4,817,815 shares of the company’s stock worth $236,118,000 after buying an additional 2,063,196 shares during the last quarter. BlackRock Inc. raised its stake in shares of LivaNova PLC by 79.3% in the second quarter. BlackRock Inc. now owns 4,648,780 shares of the company’s stock worth $284,552,000 after buying an additional 2,055,891 shares during the last quarter. State Street Corp raised its stake in shares of LivaNova PLC by 0.3% in the first quarter. State Street Corp now owns 1,050,160 shares of the company’s stock worth $51,469,000 after buying an additional 2,913 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of LivaNova PLC by 55.0% in the second quarter. Dimensional Fund Advisors LP now owns 922,229 shares of the company’s stock worth $56,450,000 after buying an additional 327,395 shares during the last quarter. 73.41% of the stock is owned by hedge funds and other institutional investors.
LivaNova PLC 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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