Eaton Vance Management acquired a new position in Masimo Corp. (NASDAQ:MASI) during the second quarter, Holdings Channel reports. The institutional investor acquired 21,446 shares of the company’s stock, valued at approximately $1,126,000.
Other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of Masimo Corp. by 3.1% in the first quarter. State Street Corp now owns 890,937 shares of the company’s stock worth $37,271,000 after buying an additional 26,485 shares during the last quarter. Henderson Group PLC increased its position in shares of Masimo Corp. by 57.6% in the second quarter. Henderson Group PLC now owns 725,066 shares of the company’s stock worth $38,077,000 after buying an additional 265,011 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Masimo Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 426,362 shares of the company’s stock worth $17,838,000 after buying an additional 3,002 shares during the last quarter. Sector Gamma AS increased its position in shares of Masimo Corp. by 10.6% in the first quarter. Sector Gamma AS now owns 318,463 shares of the company’s stock worth $13,324,000 after buying an additional 30,600 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new position in shares of Masimo Corp. during the first quarter worth approximately $12,638,000. Hedge funds and other institutional investors own 79.88% of the company’s stock.
Masimo Corp. (NASDAQ:MASI) traded down 0.25% during midday trading on Monday, reaching $59.62. The company’s stock had a trading volume of 63,685 shares. The company has a 50 day moving average price of $58.59 and a 200 day moving average price of $49.99. Masimo Corp. has a 1-year low of $33.03 and a 1-year high of $60.52. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 31.26 and a beta of 0.80.
Masimo Corp. (NASDAQ:MASI) last posted its earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.16. Masimo Corp. had a net margin of 15.40% and a return on equity of 29.07%. The firm earned $172.64 million during the quarter, compared to analyst estimates of $166.02 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that Masimo Corp. will post $2.02 EPS for the current year.
MASI has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $63.00 price objective (up previously from $60.00) on shares of Masimo Corp. in a research report on Thursday, August 4th. Raymond James Financial Inc. downgraded Masimo Corp. from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, June 1st. Piper Jaffray Cos. restated an “overweight” rating and issued a $55.00 target price (up previously from $52.00) on shares of Masimo Corp. in a research report on Friday, August 5th. Finally, BTIG Research restated a “hold” rating on shares of Masimo Corp. in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Masimo Corp. presently has a consensus rating of “Buy” and an average price target of $52.60.
In other Masimo Corp. news, CAO Ramshorst David J. Van sold 5,000 shares of the stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $52.50, for a total transaction of $262,500.00. Following the completion of the transaction, the chief accounting officer now owns 3,000 shares in the company, valued at $157,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sanford Fitch sold 2,000 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $59.41, for a total transaction of $118,820.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $2,970,500. The disclosure for this sale can be found here. Corporate insiders own 16.60% of the company’s stock.
Masimo Corp. Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.
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