SG Americas Securities LLC raised its position in shares of Cutera, Inc. (NASDAQ:CUTR) by 945.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 40,006 shares of the medical device company’s stock after purchasing an additional 36,180 shares during the period. SG Americas Securities LLC’s holdings in Cutera were worth $1,302,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Acuta Capital Partners LLC raised its holdings in Cutera by 50.0% during the 2nd quarter. Acuta Capital Partners LLC now owns 105,000 shares of the medical device company’s stock valued at $4,232,000 after buying an additional 35,000 shares during the period. Gabelli Funds LLC raised its holdings in Cutera by 9.2% during the 2nd quarter. Gabelli Funds LLC now owns 408,500 shares of the medical device company’s stock valued at $16,463,000 after buying an additional 34,500 shares during the period. BlueMountain Capital Management LLC raised its holdings in Cutera by 44.8% during the 2nd quarter. BlueMountain Capital Management LLC now owns 9,139 shares of the medical device company’s stock valued at $368,000 after buying an additional 2,828 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Cutera during the 2nd quarter valued at $1,501,000. Finally, American Century Companies Inc. raised its holdings in Cutera by 13.7% during the 3rd quarter. American Century Companies Inc. now owns 160,788 shares of the medical device company’s stock valued at $5,234,000 after buying an additional 19,330 shares during the period.
CUTR stock opened at $18.13 on Friday. Cutera, Inc. has a twelve month low of $17.94 and a twelve month high of $56.05.
Cutera (NASDAQ:CUTR) last released its earnings results on Tuesday, November 6th. The medical device company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Cutera had a negative return on equity of 0.50% and a net margin of 11.16%. The business had revenue of $40.60 million for the quarter, compared to analyst estimates of $40.03 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Cutera, Inc. will post -0.29 EPS for the current year.
Several analysts recently weighed in on CUTR shares. Stifel Nicolaus decreased their price target on Cutera from $45.00 to $29.00 and set a “hold” rating on the stock in a report on Friday, October 5th. Sidoti set a $50.00 price target on Cutera and gave the company a “buy” rating in a report on Friday, October 5th. Zacks Investment Research upgraded Cutera from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Cutera from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Stephens decreased their price target on Cutera from $40.00 to $24.94 and set a “sell” rating on the stock in a report on Friday, October 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Cutera has an average rating of “Hold” and an average target price of $39.24.
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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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