River & Mercantile Asset Management LLP Sells 28,043 Shares of Asante Solutions Inc (PUMP)

River & Mercantile Asset Management LLP trimmed its holdings in shares of Asante Solutions Inc (NASDAQ:PUMP) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 289,201 shares of the company’s stock after selling 28,043 shares during the quarter. River & Mercantile Asset Management LLP owned approximately 0.35% of Asante Solutions worth $4,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PUMP. Cortina Asset Management LLC grew its position in Asante Solutions by 257.7% during the second quarter. Cortina Asset Management LLC now owns 1,120,632 shares of the company’s stock valued at $17,572,000 after buying an additional 807,314 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Asante Solutions by 231.7% in the second quarter. Bank of New York Mellon Corp now owns 972,237 shares of the company’s stock worth $15,245,000 after purchasing an additional 679,172 shares during the period. United Services Automobile Association boosted its position in shares of Asante Solutions by 76.0% in the second quarter. United Services Automobile Association now owns 525,974 shares of the company’s stock worth $8,247,000 after purchasing an additional 227,096 shares during the period. Granahan Investment Management Inc. MA boosted its position in shares of Asante Solutions by 77.0% in the second quarter. Granahan Investment Management Inc. MA now owns 515,950 shares of the company’s stock worth $8,090,000 after purchasing an additional 224,469 shares during the period. Finally, Capital Fund Management S.A. boosted its position in shares of Asante Solutions by 180.6% in the third quarter. Capital Fund Management S.A. now owns 285,450 shares of the company’s stock worth $4,707,000 after purchasing an additional 183,714 shares during the period.

In other news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $19.17, for a total value of $431,325.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PUMP stock opened at $14.84 on Friday. Asante Solutions Inc has a one year low of $14.00 and a one year high of $22.88.

Asante Solutions (NASDAQ:PUMP) last released its earnings results on Tuesday, November 6th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $447.84 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business’s quarterly revenue was up 53.5% on a year-over-year basis.

PUMP has been the subject of a number of recent analyst reports. Stephens upped their price target on shares of Asante Solutions to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Stifel Nicolaus set a $23.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Barclays set a $20.00 price target on shares of Asante Solutions and gave the stock a “hold” rating in a research report on Friday, November 9th. Royal Bank of Canada set a $22.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research lowered shares of Asante Solutions from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Asante Solutions presently has a consensus rating of “Buy” and a consensus target price of $22.31.

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Asante Solutions Profile

Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.

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Institutional Ownership by Quarter for Asante Solutions (NASDAQ:PUMP)

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