Franklin Resources Inc. decreased its stake in LivaNova PLC (NASDAQ:LIVN) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,041,910 shares of the company’s stock after selling 917,716 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of LivaNova worth $323,037,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in LIVN. Parametric Portfolio Associates LLC lifted its position in LivaNova by 106.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,042 shares of the company’s stock worth $921,000 after buying an additional 7,769 shares in the last quarter. Aperio Group LLC purchased a new stake in LivaNova in the 3rd quarter worth approximately $393,000. Crossmark Global Holdings Inc. purchased a new stake in LivaNova in the 3rd quarter worth approximately $263,000. State Board of Administration of Florida Retirement System lifted its position in LivaNova by 49.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 18,229 shares of the company’s stock worth $1,277,000 after buying an additional 6,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in LivaNova by 126.7% in the 3rd quarter. American Century Companies Inc. now owns 391,099 shares of the company’s stock worth $27,400,000 after buying an additional 218,599 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.
In other news, Director Daniel Jeffrey Moore sold 1,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $80.80, for a total transaction of $80,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $246,270. 0.28% of the stock is currently owned by company insiders.
LivaNova (NASDAQ:LIVN) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. LivaNova had a negative net margin of 2.10% and a positive return on equity of 9.37%. The company had revenue of $278.40 million for the quarter, compared to analyst estimates of $278.48 million. During the same quarter in the prior year, the business posted $0.83 EPS. LivaNova’s quarterly revenue was up 11.5% on a year-over-year basis. research analysts forecast that LivaNova PLC will post 3.2 earnings per share for the current year.
A number of equities research analysts have issued reports on LIVN shares. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 target price on shares of LivaNova in a research report on Tuesday, November 14th. Needham & Company LLC increased their price target on shares of LivaNova to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. BidaskClub lowered shares of LivaNova from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. ValuEngine lowered shares of LivaNova from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of LivaNova from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. LivaNova presently has an average rating of “Hold” and an average target price of $81.43.
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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.
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