Chicago Equity Partners LLC Decreases Position in Cutera, Inc. (CUTR)

Chicago Equity Partners LLC lowered its holdings in Cutera, Inc. (NASDAQ:CUTR) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,905 shares of the medical device company’s stock after selling 1,230 shares during the period. Chicago Equity Partners LLC’s holdings in Cutera were worth $498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CUTR. State of Alaska Department of Revenue bought a new position in Cutera in the fourth quarter worth about $125,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Cutera by 3,400.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,500 shares of the medical device company’s stock worth $159,000 after acquiring an additional 3,400 shares during the last quarter. Alambic Investment Management L.P. bought a new position in Cutera in the fourth quarter worth about $204,000. Teacher Retirement System of Texas bought a new position in Cutera in the fourth quarter worth about $206,000. Finally, Rehmann Capital Advisory Group bought a new position in Cutera in the fourth quarter worth about $222,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. TheStreet cut shares of Cutera from a “b-” rating to a “c+” rating in a report on Tuesday, May 15th. ValuEngine cut shares of Cutera from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. BidaskClub raised shares of Cutera from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 8th. Zacks Investment Research cut shares of Cutera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 18th. Finally, Stifel Nicolaus assumed coverage on shares of Cutera in a report on Monday, April 16th. They issued a “hold” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Cutera presently has a consensus rating of “Buy” and an average price target of $46.67.

CUTR opened at $41.15 on Monday. The company has a market cap of $561.04 million, a PE ratio of 53.44, a price-to-earnings-growth ratio of 1.72 and a beta of 0.48. Cutera, Inc. has a twelve month low of $20.05 and a twelve month high of $56.05.

Cutera (NASDAQ:CUTR) last released its quarterly earnings results on Tuesday, May 8th. The medical device company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The business had revenue of $34.10 million for the quarter, compared to the consensus estimate of $35.27 million. Cutera had a net margin of 18.54% and a return on equity of 16.12%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. sell-side analysts forecast that Cutera, Inc. will post 0.57 EPS for the current year.

In other Cutera news, insider James A. Reinstein purchased 2,800 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were bought at an average price of $35.55 per share, with a total value of $99,540.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory A. Barrett purchased 5,450 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were acquired at an average cost of $36.98 per share, for a total transaction of $201,541.00. The disclosure for this purchase can be found here. Insiders own 11.60% of the company’s stock.

Cutera Profile

Cutera, Inc, a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.

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Institutional Ownership by Quarter for Cutera (NASDAQ:CUTR)

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