Blueshift Asset Management LLC Acquires Shares of 9,264 Haemonetics Co. (NYSE:HAE)

Blueshift Asset Management LLC acquired a new stake in shares of Haemonetics Co. (NYSE:HAE) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 9,264 shares of the medical instruments supplier’s stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dean Capital Management bought a new position in Haemonetics during the second quarter valued at $912,000. Geode Capital Management LLC grew its holdings in Haemonetics by 38.9% during the second quarter. Geode Capital Management LLC now owns 857,591 shares of the medical instruments supplier’s stock valued at $57,149,000 after purchasing an additional 240,178 shares during the period. ProShare Advisors LLC grew its holdings in Haemonetics by 286.0% during the second quarter. ProShare Advisors LLC now owns 18,779 shares of the medical instruments supplier’s stock valued at $1,251,000 after purchasing an additional 13,914 shares during the period. Golden State Equity Partners bought a new position in shares of Haemonetics in the second quarter worth $748,000. Finally, Profund Advisors LLC boosted its holdings in shares of Haemonetics by 44.3% in the second quarter. Profund Advisors LLC now owns 4,893 shares of the medical instruments supplier’s stock worth $326,000 after acquiring an additional 1,501 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on HAE. Needham & Company LLC reaffirmed a “buy” rating and issued a $86.00 price target on shares of Haemonetics in a report on Tuesday, June 29th. Zacks Investment Research raised Haemonetics from a “sell” rating to a “hold” rating and set a $63.00 price target for the company in a report on Wednesday, August 18th. began coverage on Haemonetics in a report on Thursday, June 17th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Citigroup started coverage on Haemonetics in a report on Thursday, June 17th. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Haemonetics currently has a consensus rating of “Buy” and an average target price of $87.50.

NYSE HAE opened at $69.87 on Thursday. The stock’s 50-day simple moving average is $64.70 and its two-hundred day simple moving average is $68.18. Haemonetics Co. has a twelve month low of $49.26 and a twelve month high of $142.11. The company has a quick ratio of 1.57, a current ratio of 3.00 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 2.43 and a beta of 0.39.

Haemonetics (NYSE:HAE) last released its quarterly earnings results on Tuesday, August 10th. The medical instruments supplier reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. Haemonetics had a return on equity of 17.51% and a net margin of 7.14%. The business had revenue of $228.53 million for the quarter, compared to the consensus estimate of $225.54 million. On average, equities analysts expect that Haemonetics Co. will post 2.77 earnings per share for the current fiscal year.

Haemonetics Company Profile

Haemonetics Corp. is a global healthcare company, which engages in the development and distribution of hematology products and solutions. It operates through the following segments: Plasma, Blood Center, Hospital, and Corporate. The Plasma segment offers automated plasma collection and donor management software systems.

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Institutional Ownership by Quarter for Haemonetics (NYSE:HAE)

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