Henry James International Management Inc. acquired a new stake in shares of Smith & Nephew plc (NYSE:SNN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 86,934 shares of the medical equipment provider’s stock, valued at approximately $3,224,000. Smith & Nephew makes up approximately 1.2% of Henry James International Management Inc.’s holdings, making the stock its 14th largest position.

A number of other hedge funds also recently bought and sold shares of SNN. Nuance Investments LLC increased its position in Smith & Nephew by 30.5% during the 3rd quarter. Nuance Investments LLC now owns 2,794,889 shares of the medical equipment provider’s stock valued at $103,722,000 after buying an additional 653,488 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Smith & Nephew by 31.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 889,934 shares of the medical equipment provider’s stock valued at $33,008,000 after buying an additional 211,919 shares in the last quarter. FMR LLC bought a new position in Smith & Nephew during the 3rd quarter valued at approximately $6,770,000. Glenmede Trust Co. NA increased its position in Smith & Nephew by 22.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 981,568 shares of the medical equipment provider’s stock valued at $36,838,000 after buying an additional 179,800 shares in the last quarter. Finally, Tekla Capital Management LLC increased its position in Smith & Nephew by 320.1% during the 3rd quarter. Tekla Capital Management LLC now owns 185,478 shares of the medical equipment provider’s stock valued at $6,879,000 after buying an additional 141,330 shares in the last quarter. 9.03% of the stock is owned by institutional investors.

A number of research firms recently weighed in on SNN. Morgan Stanley raised Smith & Nephew from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 10th. Deutsche Bank raised Smith & Nephew from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Zacks Investment Research raised Smith & Nephew from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, December 5th. Canaccord Genuity reaffirmed a “buy” rating on shares of Smith & Nephew in a research report on Thursday, November 1st. Finally, HSBC lowered Smith & Nephew from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.00.

Smith & Nephew stock opened at $37.65 on Friday. Smith & Nephew plc has a 12 month low of $32.22 and a 12 month high of $39.85. The company has a quick ratio of 1.05, a current ratio of 2.13 and a debt-to-equity ratio of 0.31.

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Smith & Nephew Company Profile

Smith & Nephew plc designs, develops, and sells medical devices worldwide. The company offers sports medicine joint repair products for surgeons, including an array of instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder.

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Institutional Ownership by Quarter for Smith & Nephew (NYSE:SNN)

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