Do Institutional Investors Hate Genomed Inc (NYSE:GMED)?

May 16, 2018 - By Hazel Jackson

Globus Medical, Inc. (NYSE:GMED) Logo

Sentiment for Genomed Inc (NYSE:GMED)

Genomed Inc (NYSE:GMED) institutional sentiment decreased to 0.99 in 2017 Q4. Its down -0.39, from 1.38 in 2017Q3. The ratio dived, as 108 hedge funds opened new or increased equity positions, while 109 sold and reduced their holdings in Genomed Inc. The hedge funds in our partner’s database now have: 59.89 million shares, down from 64.77 million shares in 2017Q3. Also, the number of hedge funds holding Genomed Inc in their top 10 equity positions increased from 2 to 4 for an increase of 2. Sold All: 26 Reduced: 83 Increased: 68 New Position: 40.

Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The company has market cap of $4.93 billion. The firm offers products that address an array of spinal pathologies, anatomies, and surgical approaches. It has a 46.16 P/E ratio. It provides fusion products that are used in cervical, thoracolumbar, sacral, and interbody/corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions.

The stock increased 2.17% or $1.08 during the last trading session, reaching $50.78. About 331,879 shares traded. Globus Medical, Inc. (NYSE:GMED) has risen 65.36% since May 16, 2017 and is uptrending. It has outperformed by 53.81% the S&P500.

Analysts await Globus Medical, Inc. (NYSE:GMED) to report earnings on August, 1. They expect $0.35 earnings per share, up 9.37 % or $0.03 from last year’s $0.32 per share. GMED’s profit will be $34.01 million for 36.27 P/E if the $0.35 EPS becomes a reality. After $0.41 actual earnings per share reported by Globus Medical, Inc. for the previous quarter, Wall Street now forecasts -14.63 % negative EPS growth.

Pura Vida Investments Llc holds 5.56% of its portfolio in Globus Medical, Inc. for 182,500 shares. Rk Asset Management Llc owns 109,946 shares or 3.81% of their US portfolio. Moreover, Godshalk Welsh Capital Management Inc. has 2.7% invested in the company for 64,892 shares. The New York-based Paradigm Capital Management Inc Ny has invested 2.58% in the stock. Van Berkom & Associates Inc., a Quebec – Canada-based fund reported 1.52 million shares.

Globus Medical, Inc. (NYSE:GMED) Ratings Coverage

Ratings analysis reveals 86% of Globus Medical’s analysts are positive. Out of 7 Wall Street analysts rating Globus Medical, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $45.0 while the high is $6000. The stock’s average target of $52.29 is 2.97% above today’s ($50.78) share price. GMED was included in 13 notes of analysts from December 4, 2017. The firm earned “Neutral” rating on Monday, April 16 by BTIG Research. The firm has “Buy” rating by Needham given on Thursday, May 3. The rating was upgraded by Morgan Stanley on Tuesday, January 2 to “Overweight”. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 9 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, February 22. Piper Jaffray maintained it with “Buy” rating and $45.0 target in Tuesday, January 2 report. Needham upgraded the stock to “Buy” rating in Wednesday, April 4 report. The stock of Globus Medical, Inc. (NYSE:GMED) earned “Overweight” rating by Morgan Stanley on Thursday, May 3. The rating was maintained by Leerink Swann with “Buy” on Wednesday, March 28. The stock has “Buy” rating by Canaccord Genuity on Thursday, January 4.

More important recent Globus Medical, Inc. (NYSE:GMED) news were published by: Globenewswire.com which released: “Globus Medical Announces Positive Clinical Results for Lateral Expandable Technology” on May 15, 2018, also Seekingalpha.com published article titled: “Globus Medical: Innovating Beyond The Spine Market”, Globenewswire.com published: “Globus Medical Reports First Quarter 2018 Results” on May 02, 2018. More interesting news about Globus Medical, Inc. (NYSE:GMED) was released by: Seekingalpha.com and their article: “Globus Medical (GMED) Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

Globus Medical, Inc. (NYSE:GMED) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...