Natural Investments LLC grew its holdings in shares of Boston Scientific Corporation (NYSE:BSX – Free Report) by 16.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,899 shares of the medical equipment provider’s stock after acquiring an additional 565 shares during the quarter. Natural Investments LLC’s holdings in Boston Scientific were worth $418,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Boston Scientific by 15.4% during the 2nd quarter. GAMMA Investing LLC now owns 29,486 shares of the medical equipment provider’s stock valued at $3,167,000 after acquiring an additional 3,932 shares during the last quarter. MRA Advisory Group purchased a new position in shares of Boston Scientific during the 2nd quarter valued at about $273,000. Bank of New Hampshire raised its holdings in shares of Boston Scientific by 552.0% during the 2nd quarter. Bank of New Hampshire now owns 19,724 shares of the medical equipment provider’s stock valued at $2,119,000 after buying an additional 16,699 shares in the last quarter. NS Partners Ltd raised its holdings in shares of Boston Scientific by 1.6% during the 1st quarter. NS Partners Ltd now owns 368,189 shares of the medical equipment provider’s stock valued at $37,143,000 after buying an additional 5,704 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new position in shares of Boston Scientific during the 2nd quarter valued at about $1,133,000. Institutional investors own 89.07% of the company’s stock.
Boston Scientific Price Performance
BSX opened at $95.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.37. Boston Scientific Corporation has a 52-week low of $80.64 and a 52-week high of $109.50. The stock has a market capitalization of $141.38 billion, a PE ratio of 56.79, a price-to-earnings-growth ratio of 2.30 and a beta of 0.61. The stock’s 50 day moving average price is $101.98 and its 200-day moving average price is $101.86.
Insiders Place Their Bets
In other news, EVP Arthur C. Butcher sold 17,313 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $104.63, for a total transaction of $1,811,459.19. Following the transaction, the executive vice president directly owned 23,600 shares of the company’s stock, valued at approximately $2,469,268. The trade was a 42.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yoshiaki Fujimori sold 2,901 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $106.99, for a total value of $310,377.99. Following the transaction, the director directly owned 2,081 shares in the company, valued at $222,646.19. This trade represents a 58.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,214 shares of company stock valued at $17,972,457 over the last three months. 0.50% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
BSX has been the topic of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $125.00 price objective on shares of Boston Scientific in a report on Monday, September 29th. Wells Fargo & Company raised their price objective on Boston Scientific from $118.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Leerink Partnrs raised Boston Scientific to a “strong-buy” rating in a report on Monday, June 16th. Robert W. Baird lifted their price target on Boston Scientific from $123.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Erste Group Bank cut Boston Scientific from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $120.71.
Check Out Our Latest Stock Analysis on BSX
Boston Scientific Company Profile
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through two segments, MedSurg and Cardiovascular. The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions, such as resolution clips, biliary stent systems, stents and electrocautery enhanced delivery systems, direct visualization systems, digital catheters, and single-use duodenoscopes; devices to treat urological conditions, including ureteral stents, catheters, baskets, guidewires, sheaths, balloons, single-use digital flexible ureteroscopes, holmium laser systems, artificial urinary sphincter, laser system, fiber, and hydrogel systems; and devices to treat neurological movement disorders and manage chronic pain, such as spinal cord stimulator system, proprietary programming software, radiofrequency generator, indirect decompression systems, practice optimization tools, and deep brain stimulation system.
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