Cantel Medical Corp. (CMD) Short Interest Update
Cantel Medical Corp. (NYSE:CMD) was the recipient of a large decline in short interest during the month of October. As of October 13th, there was short interest totalling 798,587 shares, a decline of 32.0% from the September 29th total of 1,175,114 shares. Based on an average daily volume of 222,726 shares, the short-interest ratio is currently 3.6 days.
In related news, Chairman Charles M. Diker sold 20,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $99.15, for a total value of $2,032,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric W. Nodiff sold 2,868 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $97.55, for a total transaction of $279,773.40. Following the completion of the transaction, the executive vice president now owns 39,102 shares of the company’s stock, valued at approximately $3,814,400.10. The disclosure for this sale can be found here. Insiders sold a total of 36,368 shares of company stock valued at $3,576,028 in the last 90 days. 14.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in CMD. Capstone Asset Management Co. bought a new position in shares of Cantel Medical Corp. during the second quarter valued at $690,000. Bank of Montreal Can bought a new position in shares of Cantel Medical Corp. during the second quarter valued at $248,000. GW&K Investment Management LLC bought a new position in shares of Cantel Medical Corp. during the second quarter valued at $30,121,000. Pennsylvania Trust Co bought a new position in shares of Cantel Medical Corp. during the second quarter valued at $6,590,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Cantel Medical Corp. during the second quarter valued at $558,000. 83.82% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Cantel Medical Corp. in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Cantel Medical Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Sidoti upgraded shares of Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Cantel Medical Corp. has a consensus rating of “Hold” and a consensus price target of $91.67.
Cantel Medical Corp. (NYSE:CMD) opened at 98.08 on Wednesday. The company has a 50-day moving average of $92.78 and a 200 day moving average of $80.29. Cantel Medical Corp. has a 52-week low of $68.19 and a 52-week high of $99.83. The company has a market cap of $4.07 billion, a PE ratio of 57.36 and a beta of 1.25.
Cantel Medical Corp. (NYSE:CMD) last issued its earnings results on Thursday, September 28th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Cantel Medical Corp. had a net margin of 9.27% and a return on equity of 17.60%. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $200.32 million. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts predict that Cantel Medical Corp. will post $2.34 EPS for the current year.
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Cantel Medical Corp. Company Profile
Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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