California State Teachers Retirement System Sells 6,143 Shares of Cardiovascular Systems, Inc. (CSII)

California State Teachers Retirement System decreased its holdings in Cardiovascular Systems, Inc. (NASDAQ:CSII) by 9.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,568 shares of the medical device company’s stock after selling 6,143 shares during the period. California State Teachers Retirement System owned about 0.17% of Cardiovascular Systems worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Cardiovascular Systems by 160.7% during the second quarter. BNP Paribas Arbitrage SA now owns 5,135 shares of the medical device company’s stock worth $166,000 after purchasing an additional 3,165 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Cardiovascular Systems during the second quarter worth $204,000. UBS Asset Management Americas Inc. increased its position in shares of Cardiovascular Systems by 809.3% during the first quarter. UBS Asset Management Americas Inc. now owns 8,393 shares of the medical device company’s stock worth $237,000 after purchasing an additional 7,470 shares in the last quarter. Legal & General Group Plc increased its position in shares of Cardiovascular Systems by 2.9% during the second quarter. Legal & General Group Plc now owns 7,763 shares of the medical device company’s stock worth $249,000 after purchasing an additional 216 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Cardiovascular Systems by 0.4% during the second quarter. Advisor Group Inc. now owns 8,165 shares of the medical device company’s stock worth $263,000 after purchasing an additional 35 shares in the last quarter. 72.09% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on CSII. BidaskClub downgraded Cardiovascular Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Cardiovascular Systems from a “sell” rating to a “hold” rating in a research report on Monday. Raymond James Financial, Inc. began coverage on Cardiovascular Systems in a research report on Friday, September 22nd. They set a “market perform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target (down from $37.00) on shares of Cardiovascular Systems in a research report on Thursday, October 26th. Finally, Citigroup Inc. began coverage on Cardiovascular Systems in a research report on Thursday, September 21st. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.00.

In other news, Director Edward M. Brown sold 20,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $29.16, for a total transaction of $583,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward M. Brown sold 13,031 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $29.09, for a total transaction of $379,071.79. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

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Shares of Cardiovascular Systems, Inc. (NASDAQ CSII) opened at $23.74 on Friday. The firm has a market cap of $799.47, a price-to-earnings ratio of 1,171.50 and a beta of 2.53. The company has a current ratio of 4.30, a quick ratio of 3.83 and a debt-to-equity ratio of 0.18. Cardiovascular Systems, Inc. has a 1-year low of $23.00 and a 1-year high of $33.11.

Cardiovascular Systems (NASDAQ:CSII) last announced its quarterly earnings data on Wednesday, October 25th. The medical device company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $49.70 million for the quarter, compared to analyst estimates of $51.00 million. Cardiovascular Systems had a negative net margin of 0.93% and a positive return on equity of 0.74%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. analysts predict that Cardiovascular Systems, Inc. will post -0.05 EPS for the current fiscal year.

About Cardiovascular Systems

Cardiovascular Systems, Inc is a medical technology company. The Company is engaged in treating patients suffering from peripheral and coronary artery diseases, including those with arterial calcium. The Company develops an orbital atherectomy technology for both peripheral and coronary commercial applications.

Institutional Ownership by Quarter for Cardiovascular Systems (NASDAQ:CSII)

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