Macquarie Group Ltd. Has $27.69 Million Position in CryoLife, Inc. (CRY)
Macquarie Group Ltd. boosted its position in shares of CryoLife, Inc. (NYSE:CRY) by 18.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,387,710 shares of the medical equipment provider’s stock after purchasing an additional 217,283 shares during the period. Macquarie Group Ltd. owned about 4.15% of CryoLife worth $27,685,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in CryoLife by 16.5% during 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 during the last quarter. Royce & Associates LP lifted its holdings in CryoLife by 10.0% during the 2nd quarter. Royce & Associates LP now owns 435,200 shares of the medical equipment provider’s stock valued at $8,682,000 after purchasing an additional 39,500 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in CryoLife by 4.6% during 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 during the last quarter. William Blair Investment Management LLC bought a new position in CryoLife during the 2nd quarter valued at about $4,517,000. Finally, Vanguard Group Inc. lifted its holdings in CryoLife by 2.9% during 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 during the last quarter. 68.44% of the stock is owned by hedge funds and other institutional investors.
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In other news, Director James Benson sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $22.80, for a total value of $45,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James P. Mackin sold 43,050 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $22.09, for a total transaction of $950,974.50. Following the completion of the transaction, the chief executive officer now directly owns 398,399 shares of the company’s stock, valued at approximately $8,800,633.91. The disclosure for this sale can be found here. Insiders sold 171,050 shares of company stock valued at $3,769,825 in the last three months. Company insiders own 6.00% of the company’s stock.
Several equities analysts recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $25.00 price target on shares of CryoLife in a report on Monday. Lake Street Capital lifted their price target on shares of CryoLife to $26.00 and gave the company a “buy” rating in a report on Wednesday. BidaskClub downgraded shares of CryoLife from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of CryoLife from a “sell” rating to a “hold” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.63.
CryoLife, Inc. (CRY) opened at 23.30 on Wednesday. The company has a market capitalization of $779.29 million, a P/E ratio of 70.61 and a beta of 0.92. The company’s 50-day moving average is $21.82 and its 200 day moving average is $19.17. CryoLife, Inc. has a one year low of $14.03 and a one year high of $24.00.
CryoLife (NYSE:CRY) last announced its quarterly earnings data on Monday, July 24th. The medical equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $47.80 million for the quarter, compared to the consensus estimate of $47.02 million. CryoLife had a net margin of 6.16% and a return on equity of 7.41%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Analysts predict that CryoLife, Inc. will post $0.43 EPS for the current year.
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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