Masimo Corporation (MASI) Position Raised by Strs Ohio
Strs Ohio boosted its stake in shares of Masimo Corporation (NASDAQ:MASI) by 6.1% during the second quarter, Holdings Channel reports. The firm owned 19,000 shares of the medical equipment provider’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Masimo Corporation were worth $1,732,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Masimo Corporation by 343.5% in the fourth quarter. Teachers Advisors LLC now owns 304,589 shares of the medical equipment provider’s stock valued at $20,529,000 after buying an additional 235,903 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Masimo Corporation during the first quarter valued at approximately $207,000. Legato Capital Management LLC increased its position in shares of Masimo Corporation by 6,238.2% in the first quarter. Legato Capital Management LLC now owns 115,736 shares of the medical equipment provider’s stock valued at $1,241,000 after buying an additional 113,910 shares during the period. Retirement Systems of Alabama purchased a new position in shares of Masimo Corporation during the first quarter valued at approximately $5,403,000. Finally, Nationwide Fund Advisors increased its position in shares of Masimo Corporation by 25.8% in the first quarter. Nationwide Fund Advisors now owns 324,526 shares of the medical equipment provider’s stock valued at $30,265,000 after buying an additional 66,524 shares during the period. 84.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Masimo Corporation (MASI) opened at 82.04 on Friday. The firm has a 50-day moving average of $92.54 and a 200-day moving average of $89.76. Masimo Corporation has a one year low of $53.78 and a one year high of $104.71. The stock has a market cap of $4.26 billion, a PE ratio of 13.45 and a beta of 0.80.
Masimo Corporation (NASDAQ:MASI) last posted its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $192.90 million for the quarter, compared to the consensus estimate of $189.03 million. Masimo Corporation had a net margin of 45.90% and a return on equity of 23.45%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, equities research analysts expect that Masimo Corporation will post $2.80 earnings per share for the current fiscal year.
Several brokerages recently issued reports on MASI. Zacks Investment Research cut shares of Masimo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Wedbush reiterated an “outperform” rating and set a $112.00 price target on shares of Masimo Corporation in a research report on Monday, May 22nd. BidaskClub cut shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus began coverage on shares of Masimo Corporation in a research report on Monday, July 10th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Roth Capital boosted their price target on shares of Masimo Corporation from $96.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $94.00.
In other news, insider Rick Fishel sold 15,000 shares of Masimo Corporation stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $94.85, for a total value of $1,422,750.00. Following the transaction, the insider now owns 35,022 shares of the company’s stock, valued at approximately $3,321,836.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jon Coleman sold 25,000 shares of Masimo Corporation stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $97.50, for a total transaction of $2,437,500.00. Following the completion of the transaction, the insider now directly owns 32,201 shares in the company, valued at approximately $3,139,597.50. The disclosure for this sale can be found here. Insiders have sold a total of 115,000 shares of company stock worth $10,773,180 in the last three months. Insiders own 16.60% of the company’s stock.
Masimo Corporation Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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