HealthCor Management L.P. Takes Position in ICU Medical, Incorporated (ICUI)

HealthCor Management L.P. purchased a new stake in ICU Medical, Incorporated (NASDAQ:ICUI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,380 shares of the medical instruments supplier’s stock, valued at approximately $2,935,000. HealthCor Management L.P. owned approximately 0.05% of ICU Medical at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICUI. Martingale Asset Management L P raised its holdings in ICU Medical by 452.0% in the third quarter. Martingale Asset Management L P now owns 137,485 shares of the medical instruments supplier’s stock valued at $38,875,000 after acquiring an additional 112,577 shares in the last quarter. BlackRock Inc. raised its holdings in ICU Medical by 8.3% in the third quarter. BlackRock Inc. now owns 1,431,253 shares of the medical instruments supplier’s stock valued at $404,685,000 after acquiring an additional 109,396 shares in the last quarter. FMR LLC raised its holdings in ICU Medical by 87.4% in the third quarter. FMR LLC now owns 218,602 shares of the medical instruments supplier’s stock valued at $61,810,000 after acquiring an additional 101,972 shares in the last quarter. American Century Companies Inc. acquired a new stake in ICU Medical in the third quarter valued at $25,882,000. Finally, First Trust Advisors LP raised its holdings in ICU Medical by 436.0% in the third quarter. First Trust Advisors LP now owns 108,440 shares of the medical instruments supplier’s stock valued at $30,661,000 after acquiring an additional 88,207 shares in the last quarter. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of ICU Medical from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. BidaskClub cut shares of ICU Medical from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. ValuEngine cut shares of ICU Medical from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, TheStreet raised shares of ICU Medical from a “c+” rating to a “b+” rating in a report on Monday, August 20th.

In other ICU Medical news, Director Pfizer Inc sold 2,500,000 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $209.25, for a total transaction of $523,125,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:ICUI opened at $221.46 on Friday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 25.28 and a beta of 0.62. ICU Medical, Incorporated has a 1-year low of $211.25 and a 1-year high of $321.70.

ICU Medical (NASDAQ:ICUI) last issued its earnings results on Thursday, November 8th. The medical instruments supplier reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.34. The company had revenue of $327.20 million for the quarter, compared to analysts’ expectations of $334.97 million. ICU Medical had a net margin of 6.00% and a return on equity of 15.20%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Sell-side analysts anticipate that ICU Medical, Incorporated will post 7.76 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “HealthCor Management L.P. Takes Position in ICU Medical, Incorporated (ICUI)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2018/12/16/healthcor-management-l-p-takes-position-in-icu-medical-incorporated-icui.html.

ICU Medical Profile

ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.

Featured Story: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding ICUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ICU Medical, Incorporated (NASDAQ:ICUI).

Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

Receive News & Ratings for ICU Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICU Medical and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit