California State Teachers Retirement System reduced its position in shares of Cardiovascular Systems Inc (NASDAQ:CSII) by 10.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 50,890 shares of the medical device company’s stock after selling 5,678 shares during the period. California State Teachers Retirement System’s holdings in Cardiovascular Systems were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSII. Schwab Charles Investment Management Inc. raised its holdings in Cardiovascular Systems by 0.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 201,992 shares of the medical device company’s stock worth $6,511,000 after purchasing an additional 1,680 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Cardiovascular Systems by 15.2% during the second quarter. Bank of New York Mellon Corp now owns 209,029 shares of the medical device company’s stock worth $6,738,000 after purchasing an additional 27,539 shares in the last quarter. Legal & General Group Plc raised its holdings in Cardiovascular Systems by 2.9% during the second quarter. Legal & General Group Plc now owns 7,763 shares of the medical device company’s stock worth $249,000 after purchasing an additional 216 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Cardiovascular Systems by 160.7% during the second quarter. BNP Paribas Arbitrage SA now owns 5,135 shares of the medical device company’s stock worth $166,000 after purchasing an additional 3,165 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Cardiovascular Systems during the second quarter worth about $398,000. 75.31% of the stock is owned by hedge funds and other institutional investors.

Cardiovascular Systems Inc (CSII) opened at $25.52 on Tuesday. Cardiovascular Systems Inc has a 1-year low of $23.00 and a 1-year high of $33.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.30 and a quick ratio of 3.83. The stock has a market cap of $844.33, a PE ratio of -425.33 and a beta of 2.52.

Cardiovascular Systems (NASDAQ:CSII) last issued its earnings results on Wednesday, October 25th. The medical device company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Cardiovascular Systems had a negative net margin of 0.93% and a positive return on equity of 0.74%. The company had revenue of $49.70 million during the quarter, compared to analysts’ expectations of $51.00 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Cardiovascular Systems Inc will post -0.03 EPS for the current year.

Several research analysts recently issued reports on the stock. William Blair reissued a “market perform” rating on shares of Cardiovascular Systems in a report on Thursday, December 21st. BidaskClub raised shares of Cardiovascular Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price target (down from $37.00) on shares of Cardiovascular Systems in a report on Thursday, October 26th. Zacks Investment Research cut shares of Cardiovascular Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Raymond James Financial reissued a “hold” rating on shares of Cardiovascular Systems in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.50.

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Cardiovascular Systems Profile

Cardiovascular Systems, Inc is a medical technology company. The Company is engaged in treating patients suffering from peripheral and coronary artery diseases, including those with arterial calcium. The Company develops an orbital atherectomy technology for both peripheral and coronary commercial applications.

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Institutional Ownership by Quarter for Cardiovascular Systems (NASDAQ:CSII)

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