LivaNova PLC (LIVN) Sees Large Drop in Short Interest

LivaNova PLC (NASDAQ:LIVN) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,111,648 shares, a drop of 1.6% from the February 28th total of 2,146,989 shares. Based on an average trading volume of 357,734 shares, the short-interest ratio is currently 5.9 days.

Shares of LivaNova PLC (NASDAQ:LIVN) traded down 0.41% during mid-day trading on Thursday, hitting $50.71. The stock had a trading volume of 250,947 shares. The stock has a 50-day moving average price of $50.06 and a 200 day moving average price of $49.42. The stock’s market cap is $2.48 billion. LivaNova PLC has a 52 week low of $40.83 and a 52 week high of $63.21.

LivaNova PLC (NASDAQ:LIVN) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. LivaNova PLC had a negative net margin of 5.51% and a positive return on equity of 4.42%. On average, equities analysts forecast that LivaNova PLC will post $3.34 EPS for the current fiscal year.

Several brokerages have recently weighed in on LIVN. BTIG Research restated a “hold” rating on shares of LivaNova PLC in a research note on Friday, March 10th. Canaccord Genuity restated a “hold” rating and set a $54.00 target price on shares of LivaNova PLC in a research note on Monday, February 6th.

In other news, Director Daniel Jeffrey Moore sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $50.21, for a total transaction of $50,210.00. Following the completion of the sale, the director now directly owns 60,437 shares in the company, valued at $3,034,541.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. bought a new position in LivaNova PLC during the first quarter valued at approximately $233,000. Waverton Investment Management Ltd boosted its position in LivaNova PLC by 8.3% in the first quarter. Waverton Investment Management Ltd now owns 11,510 shares of the company’s stock valued at $564,000 after buying an additional 880 shares in the last quarter. Highbridge Capital Management LLC bought a new position in LivaNova PLC during the fourth quarter valued at approximately $2,876,000. Camber Capital Management LLC boosted its position in LivaNova PLC by 20.0% in the fourth quarter. Camber Capital Management LLC now owns 1,200,000 shares of the company’s stock valued at $53,964,000 after buying an additional 200,000 shares in the last quarter. Finally, Norges Bank bought a new position in LivaNova PLC during the fourth quarter valued at approximately $14,987,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

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LivaNova PLC Company Profile

LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.

5 Day Chart for NASDAQ:LIVN

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