Stonepine Capital Management buys $3.8 Million stake in Cutera (CUTR)

Cutera (CUTR) : Stonepine Capital Management scooped up 272,300 additional shares in Cutera during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 372,300 shares of Cutera which is valued at $3.8 Million.Cutera makes up approximately 4.79% of Stonepine Capital Management’s portfolio.

Other Hedge Funds, Including , Palisade Capital Managementnj added CUTR to its portfolio by purchasing 73,800 company shares during the most recent quarter which is valued at $759,402. Cutera makes up approx 0.03% of Palisade Capital Managementnj’s portfolio.Manufacturers Life Insurance Company The reduced its stake in CUTR by selling 806 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 9,885 shares of CUTR which is valued at $101,717.Blackrock Fund Advisors reduced its stake in CUTR by selling 17,474 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 332,262 shares of CUTR which is valued at $3.4 Million.

Cutera closed down -0.14 points or -1.36% at $10.15 with 1,49,006 shares getting traded on Monday. Post opening the session at $10.31, the shares hit an intraday low of $10.05 and an intraday high of $10.4609 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Cutera reported $-0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $22.40 million for the quarter, compared to analysts expectations of $21.62 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.25 EPS.

Cutera Inc. is a global medical device company. The Company designs develops manufactures markets and services laser and other energy-based aesthetics systems for practitioners. It offers products based on xeo Genesis Plus excel V truSculpt excel HR and enlighten product platforms each of which enables physicians and other qualified practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface a laser or other energy-based module control system software and high voltage electronics. It also offers products such as CoolGlide that includes CV Excel and Vantage; Solera that includes Titan S ProWave 770 OPS 600 LP560 AcuTip 500Titan V/XL and LimeLight and a third-party sourced system myQ for the Japanese market. It also sells post warranty services Titan hand piece refills and dermal fillers and cosmeceuticals.

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