CryoLife, Inc. (CRY) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. raised its holdings in CryoLife, Inc. (NYSE:CRY) by 16.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,609,284 shares of the medical equipment provider’s stock after purchasing an additional 221,574 shares during the quarter. Macquarie Group Ltd. owned 4.81% of CryoLife worth $36,531,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Royce & Associates LP raised its position in CryoLife by 10.0% in the second quarter. Royce & Associates LP now owns 435,200 shares of the medical equipment provider’s stock valued at $8,682,000 after purchasing an additional 39,500 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of CryoLife in the second quarter valued at $4,517,000. Marshall Wace North America L.P. grew its stake in shares of CryoLife by 118.4% in the second quarter. Marshall Wace North America L.P. now owns 133,021 shares of the medical equipment provider’s stock valued at $2,660,000 after buying an additional 72,114 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CryoLife by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,556,106 shares of the medical equipment provider’s stock valued at $25,909,000 after buying an additional 43,212 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. acquired a new stake in shares of CryoLife in the second quarter valued at $1,873,000. Institutional investors own 70.26% of the company’s stock.
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In related news, CFO David Ashley Lee sold 33,190 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.00, for a total transaction of $630,610.00. Following the completion of the transaction, the chief financial officer now directly owns 324,339 shares of the company’s stock, valued at approximately $6,162,441. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Benson sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $22.80, for a total value of $45,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 229,240 shares of company stock valued at $4,888,065 over the last three months. 6.00% of the stock is currently owned by insiders.
CryoLife, Inc. (NYSE CRY) opened at $19.55 on Thursday. CryoLife, Inc. has a one year low of $14.02 and a one year high of $24.00. The company has a market capitalization of $665.80, a price-to-earnings ratio of 48.54 and a beta of 0.82. The company has a current ratio of 5.96, a quick ratio of 4.90 and a debt-to-equity ratio of 0.29.
CryoLife (NYSE:CRY) last released its earnings results on Monday, October 30th. The medical equipment provider reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. CryoLife had a return on equity of 6.43% and a net margin of 5.28%. The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $44.60 million. During the same period in the previous year, the firm posted $0.13 EPS. CryoLife’s revenue for the quarter was down 2.9% on a year-over-year basis. analysts anticipate that CryoLife, Inc. will post 0.28 earnings per share for the current fiscal year.
CRY has been the subject of a number of research reports. BidaskClub cut CryoLife from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut CryoLife from a “buy” rating to a “sell” rating in a research note on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $25.00 price objective on shares of CryoLife in a research note on Monday, October 9th. Lake Street Capital lifted their price objective on CryoLife to $26.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, TheStreet cut CryoLife from a “b” rating to a “c+” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.63.
CryoLife Company Profile
CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.
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