Globus Medical Inc (NYSE:GMED) Institutional Investors 2017 Q4 Sentiment

May 16, 2018 - By William Pierce

Globus Medical, Inc. (NYSE:GMED) Logo

Sentiment for Globus Medical Inc (NYSE:GMED)

Globus Medical Inc (NYSE:GMED) institutional sentiment decreased to 0.99 in 2017 Q4. Its down -0.39, from 1.38 in 2017Q3. The ratio fall, as 108 investment managers increased and opened new stock positions, while 109 sold and decreased their positions in Globus Medical Inc. The investment managers in our partner’s database now have: 59.89 million shares, down from 64.77 million shares in 2017Q3. Also, the number of investment managers holding Globus Medical Inc in their top 10 stock 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 46.15 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 2.15% or $1.07 during the last trading session, reaching $50.77. About 336,022 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 EPS, up 9.37 % or $0.03 from last year’s $0.32 per share. GMED’s profit will be $34.01 million for 36.26 P/E if the $0.35 EPS becomes a reality. After $0.41 actual EPS 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 2.99% above today’s ($50.77) share price. GMED was included in 13 notes of analysts from December 4, 2017. The stock has “Overweight” rating by Morgan Stanley on Thursday, May 3. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 2. Leerink Swann maintained the shares of GMED in report on Wednesday, March 28 with “Buy” rating. Piper Jaffray maintained Globus Medical, Inc. (NYSE:GMED) on Tuesday, January 9 with “Buy” rating. The company was downgraded on Monday, April 16 by BTIG Research. The firm earned “Buy” rating on Wednesday, April 4 by Needham. The rating was upgraded by Wells Fargo to “Buy” on Monday, December 4. On Thursday, May 3 the stock rating was maintained by Needham with “Buy”. As per Thursday, February 22, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Thursday, February 22 by Canaccord Genuity.

More important recent Globus Medical, Inc. (NYSE:GMED) news were published by: Seekingalpha.com which released: “Globus Medical: Innovating Beyond The Spine Market” on April 30, 2018, also Globenewswire.com published article titled: “Globus Medical Announces Positive Clinical Results for Lateral Expandable Technology”, Seekingalpha.com published: “Globus Medical (GMED) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. More interesting news about Globus Medical, Inc. (NYSE:GMED) was released by: Globenewswire.com and their article: “Globus Medical Reports First Quarter 2018 Results” with publication date: May 02, 2018.

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

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