5,747 Shares in Cardiovascular Systems Inc (CSII) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Cardiovascular Systems Inc (NASDAQ:CSII) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,747 shares of the medical device company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSII. Bank of Montreal Can boosted its stake in shares of Cardiovascular Systems by 12.5% in the 4th quarter. Bank of Montreal Can now owns 53,889 shares of the medical device company’s stock valued at $1,277,000 after purchasing an additional 5,998 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cardiovascular Systems by 51.7% in the 4th quarter. US Bancorp DE now owns 13,208 shares of the medical device company’s stock valued at $313,000 after purchasing an additional 4,500 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Cardiovascular Systems in the 4th quarter valued at $273,000. Wells Fargo & Company MN boosted its stake in shares of Cardiovascular Systems by 15.7% in the 4th quarter. Wells Fargo & Company MN now owns 54,682 shares of the medical device company’s stock valued at $1,295,000 after purchasing an additional 7,429 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its stake in shares of Cardiovascular Systems by 54.5% in the 4th quarter. Capital Fund Management S.A. now owns 27,500 shares of the medical device company’s stock valued at $651,000 after purchasing an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Cardiovascular Systems from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cardiovascular Systems in a research note on Thursday, May 3rd. Finally, ValuEngine raised shares of Cardiovascular Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Cardiovascular Systems presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Shares of NASDAQ CSII opened at $31.77 on Friday. Cardiovascular Systems Inc has a 12-month low of $20.58 and a 12-month high of $33.11. The company has a current ratio of 4.46, a quick ratio of 3.99 and a debt-to-equity ratio of 0.17.

Cardiovascular Systems (NASDAQ:CSII) last issued its earnings results on Wednesday, May 2nd. The medical device company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $55.59 million for the quarter, compared to analyst estimates of $55.63 million. Cardiovascular Systems had a negative net margin of 0.59% and a negative return on equity of 1.03%.

About Cardiovascular Systems

Cardiovascular Systems, Inc, a medical technology company, develops, manufactures, and markets devices to treat vascular diseases in the United States. The company offers peripheral arterial disease products, including Diamondback 360 Peripheral Orbital Atherectomy System (OAS), Diamondback 360 60cm Peripheral OAS, Diamondback 360 4 French 1.25 Peripheral OAS, Diamondback 360 1.50 Peripheral OAS, Diamondback 360 2.00 Peripheral OAS, and Stealth 360 Peripheral OAS, which are catheter-based platforms for treating a range of plaque types in leg arteries above and below the knee, including calcified plaque, as well as address various limitations associated with surgical, catheter, and pharmacological treatment alternatives.

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Institutional Ownership by Quarter for Cardiovascular Systems (NASDAQ:CSII)

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