Laurion Capital Management LP Acquires Shares of 19,000 Cutera, Inc. (CUTR)

Share on StockTwits

Laurion Capital Management LP acquired a new position in shares of Cutera, Inc. (NASDAQ:CUTR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 19,000 shares of the medical device company’s stock, valued at approximately $766,000.

Other hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in shares of Cutera during the second quarter worth about $128,000. SG Americas Securities LLC purchased a new position in shares of Cutera during the second quarter worth about $154,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Cutera by 51.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,300 shares of the medical device company’s stock worth $266,000 after purchasing an additional 1,800 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Cutera during the first quarter worth about $296,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Cutera during the first quarter worth about $336,000. 93.36% of the stock is currently owned by institutional investors.

NASDAQ CUTR opened at $31.60 on Friday. Cutera, Inc. has a 52-week low of $30.15 and a 52-week high of $56.05. The stock has a market cap of $439.32 million, a P/E ratio of 41.04 and a beta of 0.27.

Cutera (NASDAQ:CUTR) last released its quarterly earnings results on Tuesday, August 7th. The medical device company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.06). Cutera had a return on equity of 10.21% and a net margin of 15.67%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $41.50 million. analysts expect that Cutera, Inc. will post -0.1 EPS for the current year.

In related news, insider James A. Reinstein purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were purchased at an average price of $32.02 per share, with a total value of $32,020.00. Following the completion of the acquisition, the insider now directly owns 139,907 shares in the company, valued at approximately $4,479,822.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Several equities analysts have issued reports on CUTR shares. BidaskClub lowered Cutera from a “strong-buy” rating to a “buy” rating in a report on Friday, July 27th. Stifel Nicolaus dropped their price objective on Cutera from $55.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, August 8th. ValuEngine lowered Cutera from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered Cutera from a “hold” rating to a “sell” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.67.

Cutera Company Profile

Cutera, Inc, a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.

Further Reading: How to Invest in Growth Stocks

Want to see what other hedge funds are holding CUTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cutera, Inc. (NASDAQ:CUTR).

Institutional Ownership by Quarter for Cutera (NASDAQ:CUTR)

Receive News & Ratings for Cutera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cutera and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.