Great Lakes Advisors LLC Buys Shares of 165,041 Avanos Medical Inc (AVNS)

Great Lakes Advisors LLC bought a new stake in shares of Avanos Medical Inc (NYSE:AVNS) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 165,041 shares of the company’s stock, valued at approximately $11,305,000.

Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund acquired a new position in Avanos Medical in the second quarter worth about $1,033,000. Public Employees Retirement System of Ohio acquired a new position in Avanos Medical in the second quarter worth about $136,000. McQueen Ball & Associates Inc. acquired a new position in Avanos Medical in the third quarter worth about $268,000. CENTRAL TRUST Co acquired a new position in Avanos Medical in the third quarter worth about $167,000. Finally, Fox Run Management L.L.C. acquired a new position in Avanos Medical in the third quarter worth about $704,000. Institutional investors own 86.75% of the company’s stock.

Shares of NYSE AVNS opened at $47.71 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.32 and a debt-to-equity ratio of 0.19. Avanos Medical Inc has a 52-week low of $42.80 and a 52-week high of $72.96. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.30 and a beta of 1.86.

Avanos Medical (NYSE:AVNS) last issued its earnings results on Tuesday, November 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. Avanos Medical had a net margin of 14.26% and a return on equity of 6.59%. The firm had revenue of $165.10 million for the quarter, compared to analysts’ expectations of $166.57 million. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Avanos Medical Inc will post 1.83 EPS for the current fiscal year.

In other Avanos Medical news, CFO Steven E. Voskuil bought 2,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of $43.74 per share, with a total value of $87,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Fralin Woody bought 3,500 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was acquired at an average cost of $43.35 per share, for a total transaction of $151,725.00. The disclosure for this purchase can be found here. Insiders acquired 6,500 shares of company stock worth $286,685 in the last three months. 1.44% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the company. TheStreet downgraded Avanos Medical from a “b-” rating to a “c” rating in a research note on Wednesday, November 7th. Zacks Investment Research downgraded Avanos Medical from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Barclays assumed coverage on Avanos Medical in a research note on Monday, October 15th. They issued an “equal weight” rating and a $69.00 price target for the company. Morgan Stanley lifted their price target on Avanos Medical from $60.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, October 11th. Finally, Raymond James upgraded Avanos Medical from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 21st. Two equities research 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’s stock. Avanos Medical presently has an average rating of “Hold” and a consensus price target of $69.25.

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Avanos Medical Company Profile

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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Institutional Ownership by Quarter for Avanos Medical (NYSE:AVNS)

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