Capital Fund Management S.A. Purchases Shares of 4,800 Cantel Medical Corp. (CMD)
Capital Fund Management S.A. purchased a new stake in Cantel Medical Corp. (NYSE:CMD) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 4,800 shares of the company’s stock, valued at approximately $374,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Thompson Davis & CO. Inc. acquired a new position in Cantel Medical Corp. in the 2nd quarter valued at $238,000. Martingale Asset Management L P acquired a new position in Cantel Medical Corp. in the 2nd quarter valued at $3,265,000. Alliancebernstein L.P. acquired a new position in Cantel Medical Corp. in the 2nd quarter valued at $4,770,000. HPM Partners LLC acquired a new position in Cantel Medical Corp. in the 2nd quarter valued at $252,000. Finally, Wells Fargo & Company MN acquired a new position in Cantel Medical Corp. in the 2nd quarter valued at $75,715,000. Institutional investors own 83.79% of the company’s stock.
Several brokerages have weighed in on CMD. Needham & Company LLC reiterated a “hold” rating on shares of Cantel Medical Corp. in a report on Friday, September 1st. Zacks Investment Research raised shares of Cantel Medical Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Sidoti raised shares of Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, August 2nd. Finally, Benchmark Co. cut shares of Cantel Medical Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $91.67.
In other Cantel Medical Corp. news, Chairman Charles M. Diker sold 35,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $75.52, for a total value of $2,643,200.00. Following the completion of the sale, the chairman now owns 3,114,520 shares in the company, valued at approximately $235,208,550.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.90% of the stock is owned by corporate insiders.
Shares of Cantel Medical Corp. (NYSE:CMD) opened at 85.95 on Tuesday. Cantel Medical Corp. has a 52 week low of $68.19 and a 52 week high of $88.81. The stock has a market capitalization of $3.57 billion, a PE ratio of 50.86 and a beta of 1.23. The stock’s 50 day moving average is $78.25 and its 200 day moving average is $76.58.
About Cantel Medical Corp.
Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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