Principal Financial Group Inc. Has $5.52 Million Stake in Avanos Medical, Inc. (NYSE:AVNS)

Principal Financial Group Inc. lowered its holdings in shares of Avanos Medical, Inc. (NYSE:AVNSFree Report) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,862 shares of the company’s stock after selling 16,382 shares during the period. Principal Financial Group Inc. owned about 0.50% of Avanos Medical worth $5,524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Avanos Medical during the 3rd quarter valued at about $42,000. KBC Group NV lifted its stake in Avanos Medical by 63.0% during the third quarter. KBC Group NV now owns 2,833 shares of the company’s stock worth $68,000 after purchasing an additional 1,095 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Avanos Medical during the second quarter valued at approximately $70,000. Intech Investment Management LLC bought a new stake in shares of Avanos Medical in the 3rd quarter valued at approximately $207,000. Finally, Atom Investors LP acquired a new position in shares of Avanos Medical in the 3rd quarter worth approximately $210,000. Institutional investors own 95.17% of the company’s stock.

Avanos Medical Trading Up 2.2 %

Shares of Avanos Medical stock opened at $15.92 on Thursday. Avanos Medical, Inc. has a 12-month low of $15.51 and a 12-month high of $25.36. The stock has a market capitalization of $731.64 million, a P/E ratio of 46.82 and a beta of 0.95. The company has a 50-day simple moving average of $18.59 and a 200 day simple moving average of $21.10. The company has a quick ratio of 1.46, a current ratio of 2.22 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Separately, StockNews.com lowered Avanos Medical from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd.

View Our Latest Stock Analysis on AVNS

Avanos Medical Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avanos Medical (NYSE:AVNS)

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