Halyard Health, Inc. (HYH) Trading NaN Higher Following Strong Earnings

Shares of Halyard Health, Inc. (NYSE:HYH) traded up NaN during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $50.99 and last traded at $0.00. 1,918,324 shares traded hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares. The medical instruments supplier reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. Halyard Health had a return on equity of 8.29% and a net margin of 3.06%. The company had revenue of $401.40 million during the quarter, compared to analysts’ expectations of $394.54 million. During the same period last year, the business posted $0.48 EPS. Halyard Health’s revenue for the quarter was up 1.0% on a year-over-year basis.

Several brokerages have recently issued reports on HYH. BidaskClub cut Halyard Health from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut Halyard Health from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Halyard Health in a research note on Tuesday, October 17th. Stephens upgraded Halyard Health from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price objective on shares of Halyard Health in a research note on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $42.25.

A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in Halyard Health by 1.2% during the second quarter. Amalgamated Bank now owns 6,655 shares of the medical instruments supplier’s stock worth $261,000 after purchasing an additional 82 shares during the last quarter. Somerset Trust Co lifted its stake in Halyard Health by 0.7% during the second quarter. Somerset Trust Co now owns 12,618 shares of the medical instruments supplier’s stock worth $495,000 after purchasing an additional 90 shares during the last quarter. Creative Planning lifted its stake in Halyard Health by 3.9% during the second quarter. Creative Planning now owns 5,901 shares of the medical instruments supplier’s stock worth $232,000 after purchasing an additional 222 shares during the last quarter. Texas Permanent School Fund lifted its stake in Halyard Health by 0.8% during the second quarter. Texas Permanent School Fund now owns 34,074 shares of the medical instruments supplier’s stock worth $1,338,000 after purchasing an additional 284 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its stake in Halyard Health by 1.6% during the second quarter. State Treasurer State of Michigan now owns 19,220 shares of the medical instruments supplier’s stock worth $755,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

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Halyard Health Company Profile

Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.

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