BlueCrest Capital Management Ltd purchased a new position in shares of Boston Scientific Co. (NYSE:BSX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,259 shares of the medical equipment provider’s stock, valued at approximately $527,000.
Several other institutional investors have also bought and sold shares of the business. MANA Advisors LLC bought a new position in shares of Boston Scientific during the 4th quarter worth approximately $3,154,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Boston Scientific by 2,186.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 505,826 shares of the medical equipment provider’s stock worth $12,539,000 after buying an additional 483,700 shares in the last quarter. Truewealth LLC bought a new position in shares of Boston Scientific during the 4th quarter worth approximately $116,000. AXA lifted its holdings in shares of Boston Scientific by 1.4% in the 4th quarter. AXA now owns 1,249,787 shares of the medical equipment provider’s stock worth $30,982,000 after purchasing an additional 17,475 shares in the last quarter. Finally, Delpha Capital Management LLC bought a new position in shares of Boston Scientific in the 4th quarter worth $135,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
In related news, CFO Daniel J. Brennan sold 60,209 shares of Boston Scientific stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $27.87, for a total value of $1,678,024.83. Following the completion of the sale, the chief financial officer now owns 299,644 shares of the company’s stock, valued at approximately $8,351,078.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Bradley Sorenson sold 1,950 shares of Boston Scientific stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $27.43, for a total value of $53,488.50. The disclosure for this sale can be found here. In the last three months, insiders sold 252,818 shares of company stock valued at $6,879,888. 0.74% of the stock is currently owned by insiders.
Shares of Boston Scientific stock traded down $0.74 during trading hours on Friday, hitting $27.35. 6,451,369 shares of the company’s stock traded hands, compared to its average volume of 6,659,507. Boston Scientific Co. has a 12-month low of $24.31 and a 12-month high of $29.93. The firm has a market cap of $37,603.82, a PE ratio of 21.71, a P/E/G ratio of 1.98 and a beta of 0.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.49.
Boston Scientific (NYSE:BSX) last announced its earnings results on Thursday, February 1st. The medical equipment provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Boston Scientific had a return on equity of 24.27% and a net margin of 1.15%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. equities analysts anticipate that Boston Scientific Co. will post 1.37 EPS for the current fiscal year.
A number of equities analysts recently issued reports on BSX shares. Royal Bank of Canada reiterated a “top pick” rating and issued a $32.00 target price on shares of Boston Scientific in a report on Monday, March 5th. TheStreet upgraded Boston Scientific from a “c+” rating to a “b” rating in a report on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Boston Scientific in a report on Tuesday, March 27th. Zacks Investment Research cut Boston Scientific from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, ValuEngine cut Boston Scientific from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Boston Scientific presently has an average rating of “Buy” and a consensus price target of $31.45.
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Boston Scientific Profile
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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