Russell Investments Group Ltd. reduced its stake in shares of ICU Medical, Inc. (NASDAQ:ICUI) by 30.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,071 shares of the medical instruments supplier’s stock after selling 6,972 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of ICU Medical worth $2,772,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Planning increased its stake in shares of ICU Medical by 315.6% in the first quarter. Creative Planning now owns 665 shares of the medical instruments supplier’s stock valued at $102,000 after buying an additional 505 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in ICU Medical by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the medical instruments supplier’s stock worth $916,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its position in ICU Medical by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 1,640 shares of the medical instruments supplier’s stock worth $250,000 after buying an additional 40 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in ICU Medical by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 4,004 shares of the medical instruments supplier’s stock worth $612,000 after buying an additional 56 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in ICU Medical by 37.4% in the first quarter. First Mercantile Trust Co. now owns 3,490 shares of the medical instruments supplier’s stock worth $533,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.

ICU Medical, Inc. (NASDAQ ICUI) traded up 1.90% during trading on Thursday, reaching $174.55. 33,697 shares of the company’s stock were exchanged. The company has a market capitalization of $3.46 billion, a PE ratio of 69.90 and a beta of 0.37. ICU Medical, Inc. has a 1-year low of $120.14 and a 1-year high of $176.50. The company’s 50-day moving average is $170.97 and its 200-day moving average is $161.01.

ICU Medical (NASDAQ:ICUI) last issued its earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.06. ICU Medical had a net margin of 6.10% and a return on equity of 7.56%. The business had revenue of $331.51 million for the quarter, compared to analyst estimates of $318.30 million. During the same quarter last year, the firm posted $1.15 earnings per share. ICU Medical’s revenue was up 242.8% on a year-over-year basis. Equities research analysts expect that ICU Medical, Inc. will post $4.11 earnings per share for the current fiscal year.

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A number of research firms have weighed in on ICUI. BidaskClub cut shares of ICU Medical from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research cut shares of ICU Medical from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Gabelli reissued a “buy” rating on shares of ICU Medical in a research report on Friday, August 11th. Sidoti cut shares of ICU Medical from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 20th. Finally, Roth Capital cut shares of ICU Medical from a “buy” rating to a “neutral” rating in a research report on Thursday, May 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. ICU Medical has an average rating of “Hold” and a consensus price target of $193.00.

In other news, CFO Scott E. Lamb sold 23,772 shares of ICU Medical stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $170.02, for a total transaction of $4,041,715.44. Following the sale, the chief financial officer now directly owns 9,050 shares in the company, valued at approximately $1,538,681. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott E. Lamb sold 2,998 shares of ICU Medical stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $170.13, for a total transaction of $510,049.74. Following the sale, the chief financial officer now owns 9,050 shares in the company, valued at $1,539,676.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,965 shares of company stock worth $34,856,920. 15.90% of the stock is owned by company insiders.

About ICU Medical

ICU Medical, Inc is engaged in the development, manufacture and sales of medical devices used in infusion therapy, oncology and critical care applications. The Company’s product line includes needlefree connection devices, custom infusion sets, closed system transfer devices (CSTD) for the handling of hazardous drugs, advanced sensor catheters, needlefree closed blood sampling systems, disposable pressure transducer systems and hemodynamic monitoring systems.

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Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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