Perceptive Advisors LLC Has Cut Its Position in Merit Medical Systems INC (MMSI) by $13.92 Million

Merit Medical Systems, Inc. (NASDAQ:MMSI) LogoInvestors sentiment decreased to 1.12 in 2019 Q2. Its down 0.15, from 1.27 in 2019Q1. It fall, as 27 investors sold MMSI shares while 72 reduced holdings. 27 funds opened positions while 84 raised stakes. 51.19 million shares or 1.21% more from 50.57 million shares in 2019Q1 were reported. Sg Management Ltd Co owns 174,377 shares. California Public Employees Retirement System has 105,455 shares for 0.01% of their portfolio. Ontario Teachers Pension Plan Board stated it has 0.07% of its portfolio in Merit Medical Systems, Inc. (NASDAQ:MMSI). 15,399 are held by Blair William And Com Il. 84,520 are held by Mckinley Capital Mngmt Ltd Llc Delaware. Congress Asset Mgmt Ma holds 131,817 shares or 0.1% of its portfolio. Nuveen Asset Mngmt Ltd Liability Company stated it has 401,400 shares or 0.01% of all its holdings. Hood River Cap Limited Liability accumulated 657,123 shares. Ftb Advsrs Inc invested in 150 shares or 0% of the stock. Guggenheim Llc has 3,386 shares for 0% of their portfolio. Eulav Asset Mgmt reported 0.06% stake. Pitcairn reported 4,983 shares stake. Sei Invs has invested 0.06% of its portfolio in Merit Medical Systems, Inc. (NASDAQ:MMSI). Glenmede Trust Na owns 439,814 shares for 0.11% of their portfolio. Manufacturers Life Company The holds 0% in Merit Medical Systems, Inc. (NASDAQ:MMSI) or 33,015 shares.

Since July 30, 2019, it had 1 insider purchase, and 0 selling transactions for $200,000 activity.

Perceptive Advisors Llc decreased its stake in Merit Medical Systems Inc (MMSI) by 22.4% based on its latest 2019Q2 regulatory filing with the SEC. Perceptive Advisors Llc sold 235,889 shares as the company’s stock declined 27.58% . The hedge fund held 817,209 shares of the health care company at the end of 2019Q2, valued at $48.67M, down from 1.05 million at the end of the previous reported quarter. Perceptive Advisors Llc who had been investing in Merit Medical Systems Inc for a number of months, seems to be less bullish one the $1.53B market cap company. The stock increased 2.14% or $0.58 during the last trading session, reaching $27.66. About 925,865 shares traded or 17.94% up from the average. Merit Medical Systems, Inc. (NASDAQ:MMSI) has declined 25.55% since September 13, 2018 and is downtrending. It has underperformed by 25.55% the S&P500.

Perceptive Advisors Llc, which manages about $2.09B and $4.36 billion US Long portfolio, upped its stake in Myokardia Inc by 112,000 shares to 1.10M shares, valued at $55.18M in 2019Q2, according to the filing. It also increased its holding in Viewray Inc by 649,593 shares in the quarter, for a total of 5.46M shares, and has risen its stake in Ehealth Inc (NASDAQ:EHTH).

Analysts await Merit Medical Systems, Inc. (NASDAQ:MMSI) to report earnings on October, 24. They expect $0.48 EPS, up 2.13 % or $0.01 from last year’s $0.47 per share. MMSI’s profit will be $26.50 million for 14.41 P/E if the $0.48 EPS becomes a reality. After $0.42 actual EPS reported by Merit Medical Systems, Inc. for the previous quarter, Wall Street now forecasts 14.29 % EPS growth.

More notable recent Merit Medical Systems, Inc. (NASDAQ:MMSI) news were published by: Nasdaq.com which released: “Merit Medical Systems Breaks Below 200-Day Moving Average – Notable for MMSI – Nasdaq” on April 17, 2019, also Seekingalpha.com with their article: “Bernstein upgrades Ionis in premarket analyst action – Seeking Alpha” published on September 10, 2019, Globenewswire.com published: “Merit Medical to Participate at Canaccord Genuity and Needham Conferences – GlobeNewswire” on July 29, 2019. More interesting news about Merit Medical Systems, Inc. (NASDAQ:MMSI) were released by: Seekingalpha.com and their article: “MMSI, OLED, STOK and WEN among midday movers – Seeking Alpha” published on September 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why You Should Care About Merit Medical Systems, Inc.’s (NASDAQ:MMSI) Low Return On Capital – Yahoo Finance” with publication date: September 04, 2019.

Merit Medical Systems, Inc. (NASDAQ:MMSI) Institutional Positions Chart

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