LivaNova PLC (NASDAQ:LIVN)’s share price hit a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The company traded as high as $63.86 and last traded at $63.89, with a volume of 515,260 shares changing hands. The stock had previously closed at $61.31.

The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.19. The firm had revenue of $321.40 million during the quarter, compared to the consensus estimate of $315.75 million. LivaNova PLC had a negative net margin of 0.92% and a positive return on equity of 8.77%. The company’s revenue was up .1% compared to the same quarter last year.

Separately, BidaskClub cut shares of LivaNova PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

In other news, Director Sharon O’kane acquired 1,000 shares of LivaNova PLC stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $58.58 per share, with a total value of $58,580.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at $58,580. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 3,000 shares of company stock valued at $180,840. 0.28% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of LIVN. Mason Street Advisors LLC boosted its position in shares of LivaNova PLC by 0.3% in the first quarter. Mason Street Advisors LLC now owns 20,484 shares of the company’s stock valued at $1,004,000 after buying an additional 64 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of LivaNova PLC by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $534,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of LivaNova PLC by 3.3% in the first quarter. Advantus Capital Management Inc now owns 5,551 shares of the company’s stock valued at $272,000 after buying an additional 176 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of LivaNova PLC by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,360 shares of the company’s stock valued at $753,000 after buying an additional 200 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of LivaNova PLC by 1.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 19,529 shares of the company’s stock valued at $957,000 after buying an additional 206 shares in the last quarter. 73.41% of the stock is owned by institutional investors.

The company’s 50-day moving average is $61.60 and its 200 day moving average is $54.55. The stock’s market capitalization is $3.13 billion.

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About LivaNova PLC

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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