Edwards Lifesciences Corp (EW) : Santa Fe Partners reduced its stake in Edwards Lifesciences Corp by 19.49% during the most recent quarter end. The investment management company now holds a total of 39,710 shares of Edwards Lifesciences Corp which is valued at $4,231,101 after selling 9,614 shares in Edwards Lifesciences Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Edwards Lifesciences Corp makes up approximately 0.69% of Santa Fe Partners’s portfolio.
Edwards Lifesciences Corp opened for trading at $106.56 and hit $108.35 on the upside on Monday, eventually ending the session at $108, with a gain of 1.36% or 1.45 points. The heightened volatility saw the trading volume jump to 13,07,964 shares. Company has a market cap of $23,177 M.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in EW in the latest quarter, The investment management firm added 3,899 additional shares and now holds a total of 52,249 shares of Edwards Lifesciences Corp which is valued at $5,567,131. Edwards Lifesciences Corp makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.Dorsey Wright Associates reduced its stake in EW by selling 850 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 44,320 shares of EW which is valued at $4,697,477. Edwards Lifesciences Corp makes up approx 2.50% of Dorsey Wright Associates’s portfolio.
On the company’s financial health, Edwards Lifesciences Corp reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.60. The company had revenue of $671.10 million for the quarter, compared to analysts expectations of $651.30 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.
Many Wall Street Analysts have commented on Edwards Lifesciences Corp. Company shares were Reiterated by Leerink Partners on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $93 .Company shares were Reiterated by Canaccord Genuity on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $95 .Company shares were Reiterated by RBC Capital Mkts on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $100 .
Edwards Lifesciences Corporation is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. It is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company develops hemodynamic monitoring systems used to measure a patient’s cardiovascular function in the hospital setting. Patients in the hospital setting including high-risk patients in the operating room or intensive care unit are candidates for having their cardiac function or fluid levels monitored by the its Critical Care products. The Companys products and technologies it offers to treat advanced cardiovascular disease are categorized into three main areas: Transcatheter Heart Valve Therapy Surgical Heart Valve Therapy and Critical Care.