GSA Capital Partners LLP Reduces Stock Holdings in Envista Holdings Co. (NYSE:NVST)

GSA Capital Partners LLP decreased its position in Envista Holdings Co. (NYSE:NVST - Free Report) by 71.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,564 shares of the company's stock after selling 48,946 shares during the period. GSA Capital Partners LLP's holdings in Envista were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVST. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Envista in the 3rd quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in shares of Envista by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after acquiring an additional 726 shares during the period. Blue Trust Inc. boosted its stake in Envista by 69.7% during the third quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $39,000 after acquiring an additional 804 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Envista by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock worth $43,000 after purchasing an additional 728 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Envista by 1,420.3% in the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock worth $52,000 after acquiring an additional 2,940 shares during the last quarter.

Envista Trading Up 0.4 %

Envista stock traded up $0.09 during trading hours on Friday, hitting $21.48. The company had a trading volume of 1,721,164 shares, compared to its average volume of 2,397,715. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The company has a 50-day moving average price of $19.48 and a two-hundred day moving average price of $18.18. The firm has a market cap of $3.70 billion, a P/E ratio of -2.76, a P/E/G ratio of 2.82 and a beta of 1.30. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $25.64.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $601.00 million for the quarter, compared to analysts' expectations of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The company's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. On average, sell-side analysts anticipate that Envista Holdings Co. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Leerink Partners raised Envista from an "underperform" rating to a "market perform" rating and lifted their target price for the stock from $16.00 to $23.00 in a report on Thursday, October 31st. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a research note on Thursday, October 31st. Leerink Partnrs raised Envista from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Envista from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $16.00 in a report on Thursday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $20.71.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.