Campbell & CO Investment Adviser LLC Takes $228,000 Position in Intersect ENT Inc (XENT)
Campbell & CO Investment Adviser LLC purchased a new position in Intersect ENT Inc (NASDAQ:XENT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,317 shares of the medical equipment provider’s stock, valued at approximately $228,000.
Several other institutional investors also recently bought and sold shares of XENT. Legal & General Group Plc boosted its stake in Intersect ENT by 3.8% during the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock valued at $193,000 after buying an additional 255 shares during the period. Voya Investment Management LLC boosted its stake in Intersect ENT by 9.7% during the second quarter. Voya Investment Management LLC now owns 12,724 shares of the medical equipment provider’s stock valued at $356,000 after buying an additional 1,128 shares during the period. Rhumbline Advisers boosted its stake in Intersect ENT by 5.9% during the second quarter. Rhumbline Advisers now owns 29,396 shares of the medical equipment provider’s stock valued at $822,000 after buying an additional 1,625 shares during the period. EAM Investors LLC boosted its stake in Intersect ENT by 1.1% during the third quarter. EAM Investors LLC now owns 164,267 shares of the medical equipment provider’s stock valued at $5,117,000 after buying an additional 1,776 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Intersect ENT by 3.5% during the first quarter. Teachers Advisors LLC now owns 61,858 shares of the medical equipment provider’s stock valued at $1,061,000 after buying an additional 2,084 shares during the period. 86.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Intersect ENT Inc (XENT) opened at $30.10 on Friday. Intersect ENT Inc has a 12 month low of $9.20 and a 12 month high of $33.25.
Intersect ENT (NASDAQ:XENT) last posted its earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The company had revenue of $22.31 million for the quarter, compared to analysts’ expectations of $21.53 million. Intersect ENT had a negative return on equity of 15.96% and a negative net margin of 19.81%. Intersect ENT’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned ($0.22) earnings per share. equities analysts anticipate that Intersect ENT Inc will post -0.63 EPS for the current fiscal year.
In other Intersect ENT news, CFO Jeryl L. Hilleman sold 12,833 shares of Intersect ENT stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $31.05, for a total transaction of $398,464.65. Following the sale, the chief financial officer now directly owns 27,833 shares of the company’s stock, valued at approximately $864,214.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa D. Earnhardt sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $30.19, for a total value of $603,800.00. Following the completion of the sale, the insider now directly owns 525,868 shares in the company, valued at $15,875,954.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,838 shares of company stock worth $3,330,115. Insiders own 13.70% of the company’s stock.
Several equities research analysts recently issued reports on XENT shares. Bank of America lifted their price objective on Intersect ENT from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Canaccord Genuity raised their price target on Intersect ENT from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Northland Securities restated a “hold” rating and set a $25.00 price target on shares of Intersect ENT in a research report on Friday, November 3rd. Finally, BTIG Research restated a “hold” rating on shares of Intersect ENT in a research report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.88.
Intersect ENT Profile
Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.
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