PNC Financial Services Group Inc. Increases Holdings in LivaNova PLC (LIVN)

PNC Financial Services Group Inc. raised its position in LivaNova PLC (NASDAQ:LIVN) by 9.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,707 shares of the company’s stock after acquiring an additional 153 shares during the period. PNC Financial Services Group Inc.’s holdings in LivaNova PLC were worth $105,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC grew its stake in LivaNova PLC by 76.3% in the second quarter. Riverhead Capital Management LLC now owns 1,763 shares of the company’s stock valued at $108,000 after acquiring an additional 763 shares during the period. Exane Derivatives grew its stake in LivaNova PLC by 814.8% in the second quarter. Exane Derivatives now owns 3,156 shares of the company’s stock valued at $158,000 after acquiring an additional 2,811 shares during the period. Teacher Retirement System of Texas acquired a new stake in LivaNova PLC in the second quarter valued at approximately $204,000. LS Investment Advisors LLC grew its stake in LivaNova PLC by 14.5% in the second quarter. LS Investment Advisors LLC now owns 3,449 shares of the company’s stock valued at $211,000 after acquiring an additional 436 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in LivaNova PLC in the second quarter valued at approximately $220,000. 82.28% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on LIVN shares. Needham & Company LLC raised LivaNova PLC from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Thursday, September 14th. Piper Jaffray Companies reissued an “overweight” rating and issued a $75.00 price objective on shares of LivaNova PLC in a research note on Tuesday, September 12th. Jefferies Group LLC started coverage on LivaNova PLC in a research note on Friday, September 8th. They issued a “buy” rating and a $76.00 price objective for the company. BidaskClub cut LivaNova PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, WBB Securities cut LivaNova PLC from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. LivaNova PLC currently has a consensus rating of “Hold” and an average target price of $71.50.

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LivaNova PLC (NASDAQ LIVN) opened at 73.90 on Wednesday. LivaNova PLC has a 12 month low of $40.83 and a 12 month high of $75.73. The stock has a market cap of $3.61 billion, a PE ratio of 131.96 and a beta of 0.59. The company’s 50 day moving average price is $71.88 and its 200 day moving average price is $62.78.

LivaNova PLC (NASDAQ:LIVN) last announced its earnings results on Wednesday, August 9th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.19. LivaNova PLC had a return on equity of 9.08% and a net margin of 2.26%. The firm had revenue of $321.40 million during the quarter, compared to analyst estimates of $315.75 million. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts forecast that LivaNova PLC will post $3.25 EPS for the current fiscal year.

In other news, Director Daniel Jeffrey Moore sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $60.76, for a total value of $60,760.00. Following the completion of the transaction, the director now owns 58,296 shares of the company’s stock, valued at approximately $3,542,064.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $203,890 in the last three months. Corporate insiders own 0.28% of the company’s stock.

About LivaNova PLC

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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Institutional Ownership by Quarter for LivaNova PLC (NASDAQ:LIVN)

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