LivaNova PLC (LIVN) Stake Boosted by State Street Corp

State Street Corp increased its position in shares of LivaNova PLC (NASDAQ:LIVN) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,050,160 shares of the company’s stock after buying an additional 2,913 shares during the period. State Street Corp owned about 2.15% of LivaNova PLC worth $51,469,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in LIVN. Mason Street Advisors LLC boosted its position in shares of LivaNova PLC by 0.3% in the first quarter. Mason Street Advisors LLC now owns 20,484 shares of the company’s stock worth $1,004,000 after buying an additional 64 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of LivaNova PLC by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $534,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc boosted its position in shares of LivaNova PLC by 3.3% in the first quarter. Advantus Capital Management Inc now owns 5,551 shares of the company’s stock worth $272,000 after buying an additional 176 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of LivaNova PLC by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,360 shares of the company’s stock worth $753,000 after buying an additional 200 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of LivaNova PLC by 1.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 19,529 shares of the company’s stock worth $957,000 after buying an additional 206 shares during the period. 75.01% of the stock is currently owned by institutional investors and hedge funds.

LivaNova PLC (NASDAQ:LIVN) traded down 0.46% on Friday, reaching $60.86. 213,309 shares of the company’s stock traded hands. LivaNova PLC has a 52 week low of $40.83 and a 52 week high of $64.95. The stock has a 50-day moving average of $61.56 and a 200 day moving average of $55.58. The firm has a market capitalization of $2.97 billion, a P/E ratio of 108.68 and a beta of 0.62.

LivaNova PLC (NASDAQ:LIVN) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. LivaNova PLC had a net margin of 2.26% and a return on equity of 9.08%. The firm had revenue of $321.40 million for the quarter, compared to analyst estimates of $315.75 million. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that LivaNova PLC will post $3.20 EPS for the current fiscal year.

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A number of research analysts recently weighed in on LIVN shares. BidaskClub cut shares of LivaNova PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Berenberg Bank restated a “buy” rating and issued a $70.00 price objective on shares of LivaNova PLC in a report on Friday, August 11th. Finally, WBB Securities cut shares of LivaNova PLC from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $58.00.

In other news, Director Daniel Jeffrey Moore sold 1,000 shares of LivaNova PLC stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $60.76, for a total transaction of $60,760.00. Following the sale, the director now owns 58,296 shares in the company, valued at $3,542,064.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,000 shares of company stock worth $241,600 in the last 90 days. 0.28% of the stock is currently owned by insiders.

About LivaNova PLC

LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.

Institutional Ownership by Quarter for LivaNova PLC (NASDAQ:LIVN)

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