Federated Investors Inc. PA lowered its position in Masimo Co. (NASDAQ:MASI) by 85.3% during the fourth quarter, Holdings Channel reports. The fund owned 6,186 shares of the company’s stock after selling 35,782 shares during the period. Federated Investors Inc. PA’s holdings in Masimo were worth $417,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MASI. Columbia Wanger Asset Management LLC acquired a new stake in Masimo during the fourth quarter worth $56,497,000. Acadian Asset Management LLC raised its stake in Masimo by 633.2% in the third quarter. Acadian Asset Management LLC now owns 900,553 shares of the company’s stock worth $53,573,000 after buying an additional 777,735 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in Masimo during the third quarter worth $14,716,000. BlackRock Institutional Trust Company N.A. raised its stake in Masimo by 16.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,666,288 shares of the company’s stock worth $99,127,000 after buying an additional 236,851 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Masimo by 158.6% in the third quarter. JPMorgan Chase & Co. now owns 341,639 shares of the company’s stock worth $20,325,000 after buying an additional 209,509 shares during the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Masimo Co. (NASDAQ:MASI) opened at 93.22 on Friday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 16.50 and a beta of 0.98. The stock has a 50 day moving average of $87.79 and a 200-day moving average of $69.30. Masimo Co. has a 1-year low of $39.53 and a 1-year high of $96.68.
Masimo (NASDAQ:MASI) last announced its earnings results on Tuesday, February 14th. The company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $3.45. The business had revenue of $183.20 million for the quarter, compared to the consensus estimate of $180.48 million. Masimo had a net margin of 16.31% and a return on equity of 29.42%. Masimo’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. Analysts forecast that Masimo Co. will post $2.33 earnings per share for the current year.
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MASI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Masimo from a “buy” rating to a “hold” rating in a report on Monday, January 9th. Piper Jaffray Companies lowered shares of Masimo from an “overweight” rating to a “neutral” rating in a report on Thursday, March 16th. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of Masimo in a report on Monday, February 27th. Raymond James Financial, Inc. lowered shares of Masimo from an “outperform” rating to a “market perform” rating in a report on Monday, February 13th. Finally, Citigroup Inc lowered shares of Masimo to a “market perform” rating and set a $60.00 target price on the stock. in a report on Monday, February 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Masimo has an average rating of “Hold” and a consensus target price of $69.00.
In related news, insider Jon Coleman sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $70.00, for a total value of $420,000.00. Following the sale, the insider now directly owns 13,182 shares of the company’s stock, valued at $922,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Jansen sold 2,055 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $68.88, for a total transaction of $141,548.40. Following the completion of the sale, the executive vice president now directly owns 2,055 shares in the company, valued at $141,548.40. The disclosure for this sale can be found here. Insiders sold 548,111 shares of company stock worth $44,073,161 over the last ninety days. 16.60% of the stock is currently owned by insiders.
Masimo Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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