Tuesday, 12 December, 2017

Stryker to acquire Entellus Medical for $662 million

Stryker Sniffs Out a Tuck-In Opportunity for ENT Stryker to acquire Entellus Medical for $662 million
Melba Vasquez | 08 December, 2017, 01:21

Plymouth-based medical device maker Entellus Medical, which went public in 2015, is set to be acquired in a $662 million deal by Michigan's Stryker Corp.

In July, Entellus said it acquired Spirox Inc. of Redwood City, Calif. for $81 million, including $25 million in cash and the rest in stock. Stryker had a net margin of 14.67% and a return on equity of 24.11%. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. The stock has an average rating of Hold and an average target price of $152.10. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period a year ago, the firm earned $1.39 earnings per share. The medical technology company reported $1.52 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.50 by $0.02. Following Anthem's coverage policy, Entellus estimated that 95 percent of insured patients in the USA had access to the procedure, when deemed medically appropriate. During the same period in the previous year, the company posted $1.39 EPS. equities analysts expect that Stryker will post 6.47 earnings per share for the current year. On average, analysts forecast that Entellus Medical will post ($1.36) EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. now owns 24,078,709 shares of the medical technology company's stock valued at $3,341,643,000 after purchasing an additional 657,656 shares during the last quarter. Retirement Systems of Alabama now owns 234,870 shares of the medical technology company's stock valued at $33,356,000 after purchasing an additional 5,656 shares during the period. Morgan Stanley increased its holdings in shares of Stryker by 17.9% in the first quarter. While the stock price moved along with the volume change, shares are touching $10.07. Bank of America Corp DE now owns 7,418 shares of the medical technology company's stock valued at $102,000 after buying an additional 2,594 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in Stryker during the 2nd quarter worth about $155,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Finally, Swiss National Bank boosted its position in shares of Stryker by 1.0% during the third quarter. Following the completion of the sale, the insider now owns 83,207 shares in the company, valued at $12,925,375.38. The Company is focused on delivering patient and physician experiences through products designed for the minimally invasive treatment of chronic and recurrent sinusitis in both adult and pediatric patients.

About Entellus Medical Entellus Medical, Inc is a medical technology company.

Recommended

  • Tredje AP fonden Sells 9250 Shares of Noble Energy Inc. (NBL)

    Finally, Imperial Capital started coverage on shares of Noble Energy in a research report on Thursday, September 28th. During the same period past year , the firm posted ($0.53) earnings per share. (NASDAQ:VRSK) for 146 shares.

    Brief Summary of Analyst's Viewpoints:: Annaly Capital Management, Inc. (NLY)

    Los Angeles Capital Management & Equity Research Inc. lowered its position in Annaly Capital Management, Inc . Following the acquisition, the director now owns 102,450 shares in the company, valued at $1,161,783.
    Manchester United Fans Have Never Been More Grateful For David De Gea

    Manchester United Fans Have Never Been More Grateful For David De Gea

    Goals from Jesse Lingard (2) and Antonio Valencia helped the Red Devils to victory despite the Gunners reducing the deficit to 2-1 just after half-time through Alexandre Lacazette .
  • Norwegian royal claims Kevin Spacey groped his crown jewels

    Norwegian royal claims Kevin Spacey groped his crown jewels

    The actor has already been fired from the Netflix series House of Cards and dropped by his talent agency and publicist. Kevin Spacey has been accused of groping a former Norwegian Royal at a Nobel Peace Prize party, it has been claimed.

    The Hype Behind Cleveland-Cliffs Inc. (CLF), Twenty-First Century Fox, Inc. (FOXA)

    Company CAPE ratio of 20.62% might indicate stressed stock. ( FOXA ) declined -0.3% and closed its last trading session at $32.99. Dodge & Cox purchased a new stake in Twenty-First Century Fox during the fourth quarter valued at about $1,932,490,000.

    The Latest MGIC Investment Corporation (MTG) Insider Trading Activity

    It is positive, as 35 investors sold HCP shares while 170 reduced holdings. 36 funds opened positions while 93 raised stakes. Now we take a performance look how MGIC Investment Corporation (MTG ) has been performing in different time periods.
  • WH Responds: Trump's Throat Was Dry During Speech, 'Nothing To It'

    WH Responds: Trump's Throat Was Dry During Speech, 'Nothing To It'

    It was not yet known if the president wears dentures or any other orthodontic device. "Yeah, that's what's going on", Noah said. Terry Shapiro - who has not treated Trump - wrote about the president's unnaturally white-looking teeth on his personal blog.
    Yes, Tarantino's Star Trek Film Will Be Rated R

    Yes, Tarantino's Star Trek Film Will Be Rated R

    Per Deadline , Smith is now the frontrunner to land the job, but the bigger news is that this Star Trek movie will be R-rated. A-list screenwriters gathered together by Abrams to pitch their takes on Tarantino's story include Mark L.
    The Vetr Inc. Downgrades Delta Air Lines, Inc. (DAL) to Buy

    The Vetr Inc. Downgrades Delta Air Lines, Inc. (DAL) to Buy

    According to the most recent data, Delta Air Lines, Inc . has a 52-week high of $55.75 and a 52-week low of $43.81. (NYSE: DAL ). If Textron Inc. (NYSE:TXT) shares can stay above the price resistance around $54.3 a share, that could help propel Textron Inc.
  • Notre Dame sets kickoff times for home football games in 2018

    Notre Dame sets kickoff times for home football games in 2018

    MI football has announced that the 2018 season-opening game against Notre Dame will kick off at 7:30 p.m. With the season opener at Notre Dame now a night game, MI could eclipse that in 2018.

    Wynn Resorts, Limited (WYNN) Stake Lessened by L & S Advisors Inc

    The casino operator reported $1.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.28 by $0.24. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources.
    Demi Lovato Is 'Disappointed' That Time Honored Trump Alongside #MeToo as POTY

    Demi Lovato Is 'Disappointed' That Time Honored Trump Alongside #MeToo as POTY

    According to the Huffington Post, Trump has been accused of sexual assault from groping to kissing by at least 16 women . That can mean positive impact, negative impact, or have just had the biggest overall influence.

Albemarle Corporation (NYSE:ALB) Sellers Covered 17.46% of Their Shorts Highlander Capital Management LLC purchased a new stake in Albemarle in the second quarter valued at approximately $106,000. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company.

Lilac Fire rips through North San Diego County — INTERACTIVE MAP Lilac Fire rips through North San Diego County — INTERACTIVE MAP Air and ground resources were sent to the scene to fight the flames. 12 buildings have been reportedly damaged. Eastbound SR-76 closure is now from East Vista Way. - east of Green Canyon Road and West Mission Road.

Analyst Insights On 2 Stocks: CarMax Inc. (KMX), Realty Income Corporation (O) Crossmark Global Holdings Inc. bought a new position in CarMax in the third quarter worth $904,000. (NYSE:KMX) for 116,126 shares. The stock has a market capitalization of $12,467.72, a price-to-earnings ratio of 18.79, a PEG ratio of 1.15 and a beta of 1.48.

Kate Winslet Says Woody Allen Really Gets Women Kate Winslet Says Woody Allen Really Gets Women I told the truth to the authorities then, and I have been telling it, unaltered, for more than 20 years", Farrow wrote Thursday. Farrow was candid about being afraid of retribution from Allen's team of powerful lawyer and public relations experts.

Eden Hazard Reportedly Contacted by Real Madrid Eden Hazard Reportedly Contacted by Real Madrid Eden Hazard has jokingly told reporters he will speak with the Chelsea board to replace Antonio Conte with Zinedine Zidane . Manchester United are confident they will sign Spurs defender Danny Rose either this January or next summer for £50m.

Scientific Games to Arrange Debate with William Hill Scientific Games to Arrange Debate with William Hill If the regulation is voted, it could give each state the individual power to regulate sports betting on their territory. It could be recalled that back in April 2016 the British bookmaker invested as much as £90 million in NYX.

U.S. finds Canada lumber harms United States producers; duties to remain U.S.  finds Canada lumber harms United States  producers; duties to remain The 4-0 decision comes after the US Commerce Department failed to reach an agreement in the long-running trade dispute last month. US home builders have also criticized the tariffs, which can boost the price of lumber and raise the cost of building homes.

Crown Castle International (NYSE:CCI) Earning Somewhat Positive News Coverage, Report Finds Spectrum Management Group Inc. bought a new position in Crown Castle International during the 3rd quarter worth about $124,000. It is negative, as 46 investors sold CCI shares while 195 reduced holdings. 80 funds opened positions while 235 raised stakes.

Celine Dion and Lenny Kravitz lead tributes to Johnny Hallyday Celine Dion and Lenny Kravitz lead tributes to Johnny Hallyday Since Hallyday's father was Belgian, there always has been a special place for the French rocker in neighboring Belgium. Tributes poured in after news broke overnight that Hallyday, often dubbed the French Elvis, had died at the age of 74.

Trump administration sides against unions in high court fees case The end of the fair share arrangement would be a major blow to the political and financial influence of public-sector unions. But the court split 4 to 4 in the case after Justice Antonin Scalia died.

Hamilton police warn of fake GoFundMe account for Yosif Al-Hasnawi Hamilton police warn of fake GoFundMe account for Yosif Al-Hasnawi Yosif's family have informed police that they don't know where the donations are going. Donations can be made online at brocku.ca/donate or by phone at 905-688-5550 ext.

Marvel Rising: Secret Warriors Announced, Animated Film Focused On Diverse Heroes Marvel Rising: Secret Warriors Announced, Animated Film Focused On Diverse Heroes Marvel, today, announced plans for a new multi-platform animation franchise featuring the next generation of Marvel heroes. Marvel Rising is set to launch in 2018 with six, four-minute shorts that will be followed by the animated feature itself.

XPO Logistics honoured with Glassdoor Employees' Choice Award XPO Logistics honoured with Glassdoor Employees' Choice Award The final list is compiled based on Glassdoor's proprietary algorithm, and takes into account the quantity, quality, and consistency of reviews.

Institutional Investors Love Pattern Energy Group Inc (NASDAQ:PEGI) Carlyle Group Lp sold 8.70M shares as Pattern Energy Group Inc ( PEGI)'s stock rose 6.85%. (NASDAQ:BIIB) for 578,425 shares. Following the transaction, the director now directly owns 17,738 shares of the company's stock, valued at $350,148.12.

Regal Entertainment Group (RGC) Lowered to Neutral at Hilliard Lyons On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Chicago Equity Partners Limited Liability Company has invested 0.01% of its portfolio in Regal Entertainment Group (NYSE: RGC ).