Intech Investment Management LLC Takes $207,000 Position in Avanos Medical, Inc. (NYSE:AVNS)

Intech Investment Management LLC bought a new position in shares of Avanos Medical, Inc. (NYSE:AVNS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,596 shares of the company’s stock, valued at approximately $207,000.

A number of other large investors have also bought and sold shares of AVNS. KBC Group NV boosted its position in shares of Avanos Medical by 63.0% during the 3rd quarter. KBC Group NV now owns 2,833 shares of the company’s stock worth $68,000 after purchasing an additional 1,095 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Avanos Medical in the second quarter worth approximately $70,000. XTX Topco Ltd acquired a new stake in Avanos Medical in the second quarter valued at approximately $202,000. Magnetar Financial LLC bought a new stake in shares of Avanos Medical during the second quarter valued at approximately $248,000. Finally, Caxton Associates LP raised its position in shares of Avanos Medical by 13.6% during the second quarter. Caxton Associates LP now owns 17,035 shares of the company’s stock worth $339,000 after purchasing an additional 2,034 shares during the period. 95.17% of the stock is currently owned by institutional investors and hedge funds.

Avanos Medical Stock Performance

Shares of Avanos Medical stock opened at $18.47 on Friday. The company has a market cap of $848.88 million, a PE ratio of 54.32 and a beta of 0.95. The company has a quick ratio of 1.46, a current ratio of 2.22 and a debt-to-equity ratio of 0.12. Avanos Medical, Inc. has a 52 week low of $17.39 and a 52 week high of $25.36. The business has a 50 day moving average price of $20.77 and a 200-day moving average price of $21.47.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Avanos Medical from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd.

Avanos Medical Company Profile

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.