Scharf Investments LLC has recently announced that it has increased stake in Smith & Nephew plc (NYSE:SNN) by 7.79%. After grabbing 2.25 million shares, the institutional investor is now in possession of 0.16 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.52% having worth around $73.49 million. Moreover, Magnetar Financial LLC increased its share by 18437.0 to have a control over 1.9 million shares. And Goldman Sachs Asset Management LP raised its holdings to 0.19 million shares by acquiring 1.14 million shares or 0.26% of the stake.
Smith & Nephew plc (SNN) concluded trading on 05/25/23 at a closing price of $29.92, with 0.92 million shares of worth about $27.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.92% during that period and on Thursday the price saw a loss of about -1.09%. Currently the company’s common shares owned by public are about 436.39M shares, out of which, 219.19M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the SNN stock and their offered price forecasts bring an average price target of $35.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $40.75 and could fall to a lowest price of $24.08. The stock’s current price level is 17.28% above of average price target set by the analysts, while a rise to estimated low would result in loss of -24.25% for the stock. However, touching the estimated high of $40.75 would mean a gain of 26.58% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 5,213 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Nuance Mid Cap Value Fund, FMI Large Cap Fund, and Fidelity Equity Dividend Income F are the top 3 mutual funds which are holding stakes in Smith & Nephew plc Nuance Mid Cap Value Fund is currently holding 5.73 million shares of worth totaling $187.24 million. The company recently came selling -0.79 million shares which brought its stake up to 1.31% of the company’s outstanding shares. FMI Large Cap Fund sold 70000.0 shares, after which its hold over company’s outstanding shares shrunk to 0.37%, leaving 1.61 million shares with the mutual fund that have a worth of about $52.65 million. Fidelity Equity Dividend Income F, after selling 0.98 million shares, have now control over 0.23% of the stake in the company. It holds -0.24 million shares of worth $32.13 million.
Smith & Nephew plc (NYSE: SNN) started trading at $30.18, below -$0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 30.19, or with a loss of -1.09%. Stock saw a price change of -6.79% in past 5 days and over the past one month there was a price change of -6.70%. Year-to-date (YTD), SNN shares are showing a performance of 11.27% which decreased to -8.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.77 but also hit the highest price of $33.08 during that period. The average intraday trading volume for Smith & Nephew plc shares is 948.72K. The stock is currently trading -6.36% below its 20-day simple moving average (SMA20), while that difference is down -1.18% for SMA50 and it goes to 10.32% higher than SMA200.
Scharf Investments LLC acquired 2.25 million shares of Smith & Nephew plc having value of about $73.49 million. Data submitted at the U.S SEC by Scharf Investments LLC revealed that the firm now holds 0.16 million shares in the company valued at close to $4861790.56, or have control over 7.79% stake in the company. Smith & Nephew plc (NYSE: SNN) currently have 436.39M outstanding shares and institutions hold larger chunk of about 9.80% of that. Holding of mutual funds in the company is about 3.10% while other institutional holders and individual stake holders have control over 6.34% and — of the stake respectively.
The stock has a current market capitalization of $13.20B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 58.78, while it has posted earnings per share of $0.51 in the same period. Its PEG reads 12.78 and has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNN, volatility over the week remained 1.36% while standing at 1.12% over the month.
Analysts are in expectations that Smith & Nephew plc (SNN) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -57.30%. EPS is likely to grow at an annualized rate of 4.60% for next 5-years, compared to annual growth of -22.50% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Smith & Nephew plc (SNN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 17 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
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