WINTON GROUP Ltd purchased a new position in shares of Avanos Medical Inc (NYSE:AVNS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 161,191 shares of the company’s stock, valued at approximately $11,042,000. WINTON GROUP Ltd owned approximately 0.34% of Avanos Medical as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of AVNS. Oregon Public Employees Retirement Fund purchased a new position in shares of Avanos Medical during the 2nd quarter valued at $1,033,000. Public Employees Retirement System of Ohio purchased a new position in shares of Avanos Medical during the 2nd quarter valued at $136,000. McQueen Ball & Associates Inc. purchased a new position in shares of Avanos Medical during the 3rd quarter valued at $268,000. CENTRAL TRUST Co purchased a new position in shares of Avanos Medical during the 3rd quarter valued at $167,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Avanos Medical during the 3rd quarter valued at $704,000. 84.10% of the stock is currently owned by institutional investors and hedge funds.
NYSE AVNS opened at $50.70 on Friday. Avanos Medical Inc has a 52-week low of $43.78 and a 52-week high of $72.96. The company has a quick ratio of 2.18, a current ratio of 2.78 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.36 billion, a PE ratio of 21.22 and a beta of 1.86.
Avanos Medical (NYSE:AVNS) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Avanos Medical had a net margin of 14.26% and a return on equity of 6.59%. The company had revenue of $165.10 million during the quarter, compared to the consensus estimate of $166.57 million. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Avanos Medical Inc will post 1.83 EPS for the current year.
AVNS has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Avanos Medical from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 21st. Morgan Stanley lifted their price objective on shares of Avanos Medical from $58.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, August 8th. Barclays began coverage on shares of Avanos Medical in a report on Monday, October 15th. They set an “equal weight” rating and a $69.00 price objective for the company. Zacks Investment Research downgraded shares of Avanos Medical from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, KeyCorp lifted their price objective on shares of Avanos Medical from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $69.25.
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Avanos Medical 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.
Further Reading: Growth Stocks
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