Maven Securities LTD Makes New Investment in Sientra Inc (NASDAQ:SIEN)
Maven Securities LTD acquired a new position in Sientra Inc (NASDAQ:SIEN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the medical instruments supplier’s stock, valued at approximately $1,815,000. Maven Securities LTD owned about 1.03% of Sientra as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group purchased a new position in shares of Sientra during the second quarter valued at approximately $7,700,000. AWM Investment Company Inc. purchased a new position in Sientra during the 2nd quarter worth $2,156,000. Monashee Investment Management LLC purchased a new position in Sientra during the 2nd quarter worth $1,602,000. Granite Point Capital Management L.P. boosted its holdings in Sientra by 15.3% during the 2nd quarter. Granite Point Capital Management L.P. now owns 1,014,898 shares of the medical instruments supplier’s stock worth $6,252,000 after acquiring an additional 134,898 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in shares of Sientra by 81.1% in the 2nd quarter. Stephens Inc. AR now owns 254,832 shares of the medical instruments supplier’s stock worth $1,570,000 after acquiring an additional 114,132 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:SIEN traded up $0.03 during midday trading on Wednesday, reaching $7.11. The company had a trading volume of 45,780 shares, compared to its average volume of 756,854. The stock has a market cap of $326.31 million, a P/E ratio of -2.19 and a beta of 0.25. The company’s 50 day moving average price is $6.36 and its 200 day moving average price is $7.36. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. Sientra Inc has a 52-week low of $4.78 and a 52-week high of $25.77.
SIEN has been the subject of several analyst reports. Wells Fargo & Co upgraded shares of Sientra from a “market perform” rating to an “outperform” rating and increased their target price for the company from $8.00 to $10.00 in a report on Wednesday, June 5th. Maxim Group restated a “buy” rating and set a $12.00 price target (down from $16.00) on shares of Sientra in a report on Friday, August 9th. Canaccord Genuity upped their price objective on shares of Sientra from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Stephens set a $16.00 price objective on shares of Sientra and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum dropped their target price on shares of Sientra from $20.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.75.
Sientra Company Profile
Sientra, Inc, a medical aesthetics company, develops and sells medical aesthetics products to plastic surgeons in the United States. It operates through two segments, Breast Products and miraDry. The company offers silicone gel breast implants for use in breast augmentation and breast reconstruction procedures; breast tissue expanders; and scar management products under the Sientra, AlloX2, Dermaspan, Softspan, and BIOCORNEUM brand names.
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