Oppenheimer Asset Management Inc. Sells 5,125 Shares of Stevanato Group S.p.A. $STVN

Oppenheimer Asset Management Inc. cut its stake in Stevanato Group S.p.A. (NYSE:STVN) by 36.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,753 shares of the company’s stock after selling 5,125 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Stevanato Group were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Hancock Whitney Corp lifted its position in Stevanato Group by 4.8% in the first quarter. Hancock Whitney Corp now owns 11,482 shares of the company’s stock worth $234,000 after buying an additional 528 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in Stevanato Group by 33.3% in the first quarter. Van Berkom & Associates Inc. now owns 2,400 shares of the company’s stock worth $49,000 after buying an additional 600 shares during the last quarter. First Bank & Trust lifted its position in Stevanato Group by 6.2% in the second quarter. First Bank & Trust now owns 16,142 shares of the company’s stock worth $394,000 after buying an additional 944 shares during the last quarter. Whittier Trust Co. bought a new stake in Stevanato Group in the first quarter worth $27,000. Finally, Twin Tree Management LP bought a new stake in Stevanato Group in the first quarter worth $29,000.

Stevanato Group Stock Up 2.0%

NYSE:STVN opened at €25.45 on Monday. Stevanato Group S.p.A. has a twelve month low of €17.49 and a twelve month high of €28.00. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 2.37 and a beta of 0.56. The stock has a fifty day simple moving average of €25.17 and a 200-day simple moving average of €24.14. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Stevanato Group currently has a consensus rating of “Moderate Buy”.

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.