Utah Medical Products (NASDAQ:UTMD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

NASDAQ UTMD opened at $94.00 on Wednesday. The company has a market cap of $344.26 million, a PE ratio of 22.27 and a beta of 0.57. Utah Medical Products has a fifty-two week low of $76.05 and a fifty-two week high of $117.65.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UTMD. Loomis Sayles & Co. L P bought a new position in shares of Utah Medical Products during the 3rd quarter valued at approximately $5,468,000. AQR Capital Management LLC increased its position in shares of Utah Medical Products by 1,322.0% during the 3rd quarter. AQR Capital Management LLC now owns 29,350 shares of the medical instruments supplier’s stock valued at $2,765,000 after purchasing an additional 27,286 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Utah Medical Products by 10.7% during the 3rd quarter. Renaissance Technologies LLC now owns 250,583 shares of the medical instruments supplier’s stock valued at $23,605,000 after purchasing an additional 24,283 shares during the last quarter. BlackRock Inc. increased its position in shares of Utah Medical Products by 10.4% during the 2nd quarter. BlackRock Inc. now owns 178,782 shares of the medical instruments supplier’s stock valued at $19,694,000 after purchasing an additional 16,899 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its position in shares of Utah Medical Products by 31.4% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 58,022 shares of the medical instruments supplier’s stock valued at $5,465,000 after purchasing an additional 13,872 shares during the last quarter. 72.70% of the stock is currently owned by hedge funds and other institutional investors.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD, an infant respiratory hood; and DELTRAN PLUS, a blood pressure monitoring system.

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