US Bancorp DE lowered its holdings in Smith & Nephew plc (NYSE:SNN) by 19.5% in the third quarter, HoldingsChannel reports. The firm owned 400,157 shares of the medical equipment provider’s stock after selling 96,921 shares during the quarter. US Bancorp DE’s holdings in Smith & Nephew were worth $14,841,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Checchi Capital Advisers LLC acquired a new stake in Smith & Nephew in the second quarter valued at $204,000. Capital Fund Management S.A. acquired a new stake in Smith & Nephew in the second quarter valued at $210,000. Avestar Capital LLC lifted its stake in Smith & Nephew by 25.8% in the third quarter. Avestar Capital LLC now owns 7,910 shares of the medical equipment provider’s stock valued at $276,000 after acquiring an additional 1,623 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Smith & Nephew in the second quarter valued at $302,000. Finally, SG Americas Securities LLC acquired a new stake in Smith & Nephew in the second quarter valued at $372,000. Hedge funds and other institutional investors own 8.53% of the company’s stock.
NYSE SNN opened at $37.56 on Thursday. The company has a quick ratio of 1.05, a current ratio of 2.13 and a debt-to-equity ratio of 0.31. The stock has a market cap of $16.17 billion, a PE ratio of 19.77, a P/E/G ratio of 3.02 and a beta of 0.58. Smith & Nephew plc has a 52-week low of $32.22 and a 52-week high of $39.85.
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Smith & Nephew Profile
Smith & Nephew plc designs, develops, and sells medical devices worldwide. The company offers sports medicine joint repair products for surgeons, including an array of instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder.
Further Reading: S&P 500 Index
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