C Elkins Ronald Sells 1,000 Shares of CryoLife, Inc. (CRY) Stock
CryoLife, Inc. (NYSE:CRY) Director C Elkins Ronald sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $22.00, for a total value of $22,000.00. Following the completion of the sale, the director now directly owns 101,849 shares in the company, valued at approximately $2,240,678. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
CryoLife, Inc. (CRY) traded down 0.23% during mid-day trading on Friday, reaching $22.00. The company’s stock had a trading volume of 85,918 shares. The stock has a market cap of $735.81 million, a PE ratio of 66.67 and a beta of 0.97. The company has a 50 day moving average of $19.39 and a 200-day moving average of $18.13. CryoLife, Inc. has a 52-week low of $14.02 and a 52-week high of $22.85.
CryoLife (NYSE:CRY) last issued its quarterly earnings results on Monday, July 24th. The medical equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $47.80 million for the quarter, compared to the consensus estimate of $47.02 million. CryoLife had a return on equity of 7.41% and a net margin of 6.16%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. Equities analysts forecast that CryoLife, Inc. will post $0.43 earnings per share for the current year.
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A number of analysts have issued reports on CRY shares. Zacks Investment Research raised CryoLife from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub lowered CryoLife from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.00.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in shares of CryoLife by 16.5% in the 1st quarter. Wells Fargo & Company MN now owns 31,042 shares of the medical equipment provider’s stock valued at $517,000 after purchasing an additional 4,399 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of CryoLife by 4.6% in the 1st quarter. Ameriprise Financial Inc. now owns 162,996 shares of the medical equipment provider’s stock valued at $2,714,000 after purchasing an additional 7,228 shares in the last quarter. Dialectic Capital Management LP acquired a new stake in shares of CryoLife in the 1st quarter valued at $2,238,000. Vanguard Group Inc. boosted its holdings in shares of CryoLife by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 1,556,106 shares of the medical equipment provider’s stock valued at $25,909,000 after purchasing an additional 43,212 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of CryoLife by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the medical equipment provider’s stock valued at $183,000 after purchasing an additional 200 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.
CryoLife Company Profile
CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.
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