Insider Selling: LivaNova PLC (LIVN) Director Sells 1,000 Shares of Stock

LivaNova PLC (NASDAQ:LIVN) Director Hugh M. Morrison sold 1,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $115.65, for a total transaction of $115,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ LIVN opened at $122.59 on Thursday. LivaNova PLC has a twelve month low of $76.14 and a twelve month high of $131.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.21. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94.

LivaNova (NASDAQ:LIVN) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.08). LivaNova had a negative net margin of 8.31% and a positive return on equity of 8.77%. The business had revenue of $272.10 million during the quarter, compared to analyst estimates of $275.03 million. During the same period in the previous year, the company posted $0.83 earnings per share. LivaNova’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that LivaNova PLC will post 3.1 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in LivaNova by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 286,372 shares of the company’s stock valued at $28,586,000 after acquiring an additional 12,517 shares during the last quarter. BlackRock Inc. lifted its stake in LivaNova by 6.1% during the second quarter. BlackRock Inc. now owns 5,393,015 shares of the company’s stock valued at $538,332,000 after buying an additional 309,138 shares in the last quarter. Cibc Bank USA purchased a new stake in LivaNova during the third quarter valued at about $227,000. Point72 Europe London LLP lifted its stake in LivaNova by 103.2% during the second quarter. Point72 Europe London LLP now owns 71,872 shares of the company’s stock valued at $7,174,000 after buying an additional 36,500 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in LivaNova during the second quarter valued at about $963,000. 87.38% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on LIVN shares. Stifel Nicolaus upped their price objective on shares of LivaNova from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 17th. BidaskClub downgraded shares of LivaNova from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Jefferies Financial Group upped their price target on shares of LivaNova to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. BTIG Research reissued a “hold” rating on shares of LivaNova in a report on Thursday, November 1st. Finally, Zacks Investment Research downgraded shares of LivaNova from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $119.00.

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About LivaNova

LivaNova PLC, a medical device company, designs, develops, manufactures, and sells therapeutic solutions worldwide. The company operates in two segments, Cardiac Surgery and Neuromodulation. The Cardiac Surgery segment develops, produces, and sells cardiopulmonary products, including oxygenators, heart-lung machines, perfusion tubing systems, cannulae and accessories for extracorporeal circulation, and systems for autotransfusion and autologous blood washing, as well as surgical tissue and mechanical heart valve replacements, and repair products for damaged or diseased heart valves.

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