Public Sector Pension Investment Board Sells 3,500 Shares of Avanos Medical, Inc. (NYSE:AVNS)

Public Sector Pension Investment Board reduced its stake in shares of Avanos Medical, Inc. (NYSE:AVNS) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 97,457 shares of the company’s stock after selling 3,500 shares during the quarter. Public Sector Pension Investment Board’s holdings in Avanos Medical were worth $2,342,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AVNS. KBC Group NV raised its holdings in Avanos Medical by 63.0% during the third quarter. KBC Group NV now owns 2,833 shares of the company’s stock valued at $68,000 after buying an additional 1,095 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Avanos Medical in the second quarter valued at about $70,000. XTX Topco Ltd acquired a new stake in shares of Avanos Medical in the second quarter valued at about $202,000. Intech Investment Management LLC acquired a new stake in shares of Avanos Medical in the third quarter valued at about $207,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Avanos Medical in the second quarter valued at about $248,000. 95.17% of the stock is currently owned by institutional investors.

Avanos Medical Stock Up 0.4 %

NYSE AVNS opened at $19.10 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $20.96 and its two-hundred day moving average is $21.51. The company has a market capitalization of $877.78 million, a price-to-earnings ratio of 56.18 and a beta of 0.95. Avanos Medical, Inc. has a 1-year low of $17.39 and a 1-year high of $25.36.

Analyst Ratings Changes

Separately, StockNews.com downgraded Avanos Medical from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 3rd.

Avanos Medical Company Profile

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.