Segantii Capital Management Ltd Raises Stake in Sientra Inc (SIEN)

Segantii Capital Management Ltd boosted its stake in Sientra Inc (NASDAQ:SIEN) by 574.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,200 shares of the medical instruments supplier’s stock after buying an additional 15,500 shares during the period. Segantii Capital Management Ltd’s holdings in Sientra were worth $153,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SIEN. Gilder Gagnon Howe & Co. LLC boosted its stake in Sientra by 17.2% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 817,609 shares of the medical instruments supplier’s stock valued at $6,884,000 after buying an additional 120,226 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Sientra by 2.0% in the first quarter. Blair William & Co. IL now owns 30,758 shares of the medical instruments supplier’s stock worth $299,000 after buying an additional 594 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Sientra by 146.1% in the first quarter. Schroder Investment Management Group now owns 417,733 shares of the medical instruments supplier’s stock worth $3,442,000 after buying an additional 247,992 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Sientra by 14.4% in the first quarter. Parametric Portfolio Associates LLC now owns 16,410 shares of the medical instruments supplier’s stock worth $138,000 after buying an additional 2,065 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Sientra by 18.0% in the first quarter. Ameriprise Financial Inc. now owns 659,859 shares of the medical instruments supplier’s stock worth $5,555,000 after buying an additional 100,445 shares in the last quarter. Hedge funds and other institutional investors own 69.34% of the company’s stock.

Institutional Ownership by Quarter for Sientra (NASDAQ:SIEN)

Sientra Inc (NASDAQ:SIEN) opened at 7.66 on Wednesday. Sientra Inc has a one year low of $5.78 and a one year high of $10.37. The company has a 50 day moving average of $7.92 and a 200-day moving average of $8.44. The firm’s market cap is $146.41 million.

Sientra (NASDAQ:SIEN) last posted its earnings results on Tuesday, May 9th. The medical instruments supplier reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.12. The business had revenue of $7.50 million for the quarter, compared to analyst estimates of $5.98 million. Sientra had a negative return on equity of 44.19% and a negative net margin of 382.33%. Sientra’s revenue was up 400.0% on a year-over-year basis. On average, equities research analysts predict that Sientra Inc will post ($2.29) earnings per share for the current year.

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A number of equities research analysts have weighed in on SIEN shares. Zacks Investment Research cut shares of Sientra from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Lake Street Capital started coverage on shares of Sientra in a research report on Monday, April 17th. They set a “buy” rating and a $11.00 price target for the company.

About Sientra

Sientra, Inc is a medical aesthetics company. The Company’s primary products are silicone gel breast implants for use in breast augmentation and breast reconstruction procedures, which it offers in over 190 variations of shapes, sizes and textures. The Company sells its breast implants and breast tissue expanders, or breast products to plastic surgeons.

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