Ameritas Investment Partners Inc. trimmed its position in shares of Haemonetics Corporation (NYSE:HAE – Free Report) by 99.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,059 shares of the medical instruments supplier’s stock after selling 1,931,843 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Haemonetics were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Haemonetics by 2,640.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 411 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 396 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Haemonetics by 216.4% during the third quarter. Versant Capital Management Inc now owns 829 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Haemonetics in the third quarter valued at $42,000. Hantz Financial Services Inc. raised its holdings in shares of Haemonetics by 792.1% in the third quarter. Hantz Financial Services Inc. now owns 1,124 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 998 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Haemonetics during the 2nd quarter worth about $64,000. Institutional investors own 99.67% of the company’s stock.
Haemonetics Stock Performance
HAE opened at $63.28 on Friday. The business has a 50 day moving average of $70.13 and a 200-day moving average of $64.03. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.30 and a beta of 0.28. Haemonetics Corporation has a 12-month low of $47.31 and a 12-month high of $87.32.
Wall Street Analyst Weigh In
HAE has been the subject of several research analyst reports. CJS Securities upgraded shares of Haemonetics to a “strong-buy” rating in a research report on Thursday, December 11th. Mizuho dropped their target price on Haemonetics from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Robert W. Baird set a $81.00 price target on Haemonetics in a research note on Friday, February 6th. Citigroup lowered their price objective on Haemonetics from $88.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Haemonetics in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.44.
Read Our Latest Stock Analysis on HAE
About Haemonetics
Haemonetics Corporation is a global provider of blood management solutions that support the collection, processing and transfusion of blood and blood products. The company’s offerings are designed to enhance patient safety and operational efficiency for blood centers, hospitals and plasma collection facilities. Haemonetics serves healthcare providers worldwide by delivering integrated systems, software and consumables that address critical needs throughout the continuum of blood management.
The company’s product portfolio includes automated apheresis and plasma collection systems, surgical blood salvage and coagulation monitoring devices, and pathogen reduction technologies.
See Also
- Five stocks we like better than Haemonetics
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- The Biggest IPO Ever… Open to Everyday Folks
- Silver records prices are great. Monthly income is better
- Read this or regret it forever
- Sell this, buy that
Want to see what other hedge funds are holding HAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Haemonetics Corporation (NYSE:HAE – Free Report).
Receive News & Ratings for Haemonetics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haemonetics and related companies with MarketBeat.com's FREE daily email newsletter.
