Ownership Capital B.v. Lowers stake in DENTSPLY International (XRAY)

DENTSPLY International (XRAY) : Ownership Capital B.v. reduced its stake in DENTSPLY International by 19.63% during the most recent quarter end. The investment management company now holds a total of 561,322 shares of DENTSPLY International which is valued at $34,661,634 after selling 137,141 shares in DENTSPLY International , the firm said in a disclosure report filed with the SEC on May 3, 2016.DENTSPLY International makes up approximately 6.04% of Ownership Capital B.v.’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan reduced its stake in XRAY by selling 29,416 shares or 80.23% in the most recent quarter. The Hedge Fund company now holds 7,250 shares of XRAY which is valued at $447,688. DENTSPLY International makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Toron Capital Markets reduced its stake in XRAY by selling 20,027 shares or 7.58% in the most recent quarter. The Hedge Fund company now holds 244,081 shares of XRAY which is valued at $15,072,002. DENTSPLY International makes up approx 0.90% of Toron Capital Markets’s portfolio.Northwest Investment Counselors reduced its stake in XRAY by selling 5 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 6,903 shares of XRAY which is valued at $419,150. DENTSPLY International makes up approx 0.23% of Northwest Investment Counselors’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in XRAY in the latest quarter, The investment management firm added 33,171 additional shares and now holds a total of 73,565 shares of DENTSPLY International which is valued at $4,466,867. DENTSPLY International makes up approx 0.08% of Gulf International Bank (uk) Ltd’s portfolio.

DENTSPLY International opened for trading at $60.78 and hit $61.32 on the upside on Tuesday, eventually ending the session at $61.32, with a gain of 1.32% or 0.8 points. The heightened volatility saw the trading volume jump to 13,37,446 shares. Company has a market cap of $14,363 M.

On the company’s financial health, DENTSPLY International reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.62. The company had revenue of $772.60 million for the quarter, compared to analysts expectations of $778.36 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on DENTSPLY International. DENTSPLY International was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 24, 2016. DENTSPLY International was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Jefferies Resumed DENTSPLY International on Mar 3, 2016 to “Buy”, Price Target of the shares are set at $70.

DENTSPLY International Inc. is a designer developer manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters certain surgical products medical drills and other products.

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