Granite Point Capital Management L.P. Has $617,000 Holdings in Senseonics Holdings Inc (SENS)
Granite Point Capital Management L.P. decreased its position in shares of Senseonics Holdings Inc (NYSEAMERICAN:SENS) by 74.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 238,040 shares of the company’s stock after selling 698,360 shares during the quarter. Granite Point Capital Management L.P. owned about 0.13% of Senseonics worth $617,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in Senseonics during the 4th quarter worth approximately $64,000. United Bank bought a new stake in shares of Senseonics in the 3rd quarter valued at $114,000. Raymond James Trust N.A. increased its stake in shares of Senseonics by 11.4% in the 4th quarter. Raymond James Trust N.A. now owns 49,000 shares of the company’s stock valued at $127,000 after acquiring an additional 5,000 shares in the last quarter. Pendal Group Ltd bought a new stake in shares of Senseonics in the 3rd quarter valued at $154,000. Finally, Fore Capital LLC bought a new stake in shares of Senseonics in the 3rd quarter valued at $239,000. Hedge funds and other institutional investors own 30.66% of the company’s stock.
Several research firms have recently weighed in on SENS. UBS Group began coverage on shares of Senseonics in a research note on Tuesday, November 27th. They issued a “sell” rating for the company. Zacks Investment Research lowered shares of Senseonics from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Finally, Piper Jaffray Companies began coverage on shares of Senseonics in a research note on Tuesday, January 29th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Senseonics presently has a consensus rating of “Hold” and a consensus price target of $6.00.
Senseonics (NYSEAMERICAN:SENS) last released its earnings results on Thursday, November 8th. The company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. The business had revenue of $5.16 million for the quarter, compared to the consensus estimate of $5.16 million. The company’s revenue for the quarter was up 145.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) earnings per share.
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Senseonics Holdings, Inc, a medical technology company, designs, develops, and commercializes continuous glucose monitoring (CGM) systems for people with diabetes primarily in Europe. Its products include Eversense and Eversense XL, which are implantable CGM systems that is designed to continually and accurately measure glucose levels in people with diabetes for a period of up to 90 and 180 days.
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