State Board of Administration of Florida Retirement System Sells 2,790 Shares of Cardiovascular Systems, Inc. (NASDAQ:CSII)

State Board of Administration of Florida Retirement System decreased its position in shares of Cardiovascular Systems, Inc. (NASDAQ:CSII – Get Rating) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,319 shares of the medical device company’s stock after selling 2,790 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cardiovascular Systems were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Cardiovascular Systems during the 2nd quarter worth approximately $34,000. HighMark Wealth Management LLC acquired a new stake in shares of Cardiovascular Systems during the 4th quarter worth approximately $35,000. Performa Ltd US LLC grew its position in shares of Cardiovascular Systems by 60.5% during the 4th quarter. Performa Ltd US LLC now owns 3,450 shares of the medical device company’s stock worth $47,000 after buying an additional 1,300 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Cardiovascular Systems by 105.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,670 shares of the medical device company’s stock worth $64,000 after buying an additional 2,394 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Cardiovascular Systems by 32.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,025 shares of the medical device company’s stock worth $68,000 after buying an additional 735 shares during the period. Institutional investors own 86.61% of the company’s stock.

Cardiovascular Systems Trading Up 0.2 %

Shares of Cardiovascular Systems stock opened at $20.00 on Monday. Cardiovascular Systems, Inc. has a 52-week low of $12.26 and a 52-week high of $20.57. The stock’s 50-day simple moving average is $19.91 and its 200 day simple moving average is $16.91. The stock has a market capitalization of $843.96 million, a P/E ratio of -20.62 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.92 and a current ratio of 6.04.

Analyst Ratings Changes

Several analysts recently issued reports on CSII shares. StockNews.com started coverage on shares of Cardiovascular Systems in a research report on Sunday. They issued a “hold” rating for the company. Lake Street Capital downgraded shares of Cardiovascular Systems from a “buy” rating to a “sell” rating in a research report on Thursday, February 9th.

Cardiovascular Systems Profile

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Cardiovascular Systems, Inc is a medical device company, which engages in the development and commercialization of solutions for treating vascular and coronary disease. It offers orbital atherectomy systems for both peripheral and coronary commercial applications. The company was founded in 1989 and is headquartered in St.