Victory Capital Management Inc. Sells 2,858 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Victory Capital Management Inc. decreased its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,203 shares of the medical instruments supplier’s stock after selling 2,858 shares during the period. Victory Capital Management Inc.’s holdings in DENTSPLY SIRONA were worth $1,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XRAY. UMB Bank n.a. grew its stake in shares of DENTSPLY SIRONA by 430.3% in the third quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 753 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of DENTSPLY SIRONA during the 3rd quarter worth approximately $27,000. LRI Investments LLC increased its holdings in shares of DENTSPLY SIRONA by 82.7% during the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 564 shares during the period. Rothschild Investment LLC acquired a new stake in shares of DENTSPLY SIRONA in the second quarter valued at approximately $32,000. Finally, Kennebec Savings Bank acquired a new stake in shares of DENTSPLY SIRONA in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on XRAY. Robert W. Baird lowered their price objective on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Evercore ISI dropped their price target on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.50.

DENTSPLY SIRONA Stock Down 1.7 %

XRAY stock opened at $19.19 on Wednesday. The firm has a 50-day moving average price of $23.12 and a 200-day moving average price of $24.99. DENTSPLY SIRONA Inc. has a 12 month low of $17.21 and a 12 month high of $37.60. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.81 billion, a P/E ratio of -9.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $951.00 million during the quarter, compared to the consensus estimate of $939.10 million. DENTSPLY SIRONA had a negative net margin of 10.59% and a positive return on equity of 12.62%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.