Central Bank Trust Co adds Edwards Lifesciences Corp (EW) to its portfolio

Edwards Lifesciences Corp (EW) : Central Bank Trust Co added new position in Edwards Lifesciences Corp during the most recent quarter end. The investment management firm now holds 88 shares of Edwards Lifesciences Corp which is valued at $10,568 , the company said in a statement filed on Oct 7, 2016 with the SEC.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in EW by selling 459 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 54,356 shares of EW which is valued at $6,527,612. Edwards Lifesciences Corp makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.Telemus Capital boosted its stake in EW in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 17,000 shares of Edwards Lifesciences Corp which is valued at $2,040,170. Edwards Lifesciences Corp makes up approx 0.23% of Telemus Capital’s portfolio.Eqis Capital Management boosted its stake in EW in the latest quarter, The investment management firm added 1,789 additional shares and now holds a total of 18,692 shares of Edwards Lifesciences Corp which is valued at $2,243,227. Edwards Lifesciences Corp makes up approx 0.14% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in EW in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 103 shares of Edwards Lifesciences Corp which is valued at $12,361.

Edwards Lifesciences Corp opened for trading at $120.09 and hit $120.62 on the upside on Friday, eventually ending the session at $120.09, with a gain of 0.31% or 0.37 points. The heightened volatility saw the trading volume jump to 7,30,882 shares. Company has a market cap of $25,565 M.

On the company’s financial health, Edwards Lifesciences Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $697.30 million for the quarter, compared to analysts expectations of $666.93 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Edwards Lifesciences Corp. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 115 from a previous price target of $100 .Company shares were Reiterated by Canaccord Genuity on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $132 .Company shares were Reiterated by Leerink Partners on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .

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 Company’s 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.

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