Trade Report: The Louisiana State Employees Retirement System decides to keep it stake in Natus Medical Inc. (BABY) to the level of $556,000

The Louisiana State Employees Retirement System decides to keep it stake in Natus Medical Inc. (BABY) to the level of $556,000

Louisiana State Employees Retirement System maintained its stake in Natus Medical Inc. (NASDAQ:BABY) during the second quarter, Holdings Channel reports. The institutional investor owned 14,700 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Natus Medical were worth $556,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BABY. Aperio Group LLC increased its stake in Natus Medical by 37.3% in the first quarter. Aperio Group LLC now owns 8,823 shares of the company’s stock worth $339,000 after buying an additional 2,398 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Natus Medical during the first quarter valued at about $284,000. TIAA CREF Investment Management LLC increased its stake in Natus Medical by 11.0% in the first quarter. TIAA CREF Investment Management LLC now owns 199,288 shares of the company’s stock valued at $7,659,000 after buying an additional 19,809 shares in the last quarter. BlackRock Group LTD increased its stake in Natus Medical by 5.9% in the first quarter. BlackRock Group LTD now owns 50,792 shares of the company’s stock valued at $1,952,000 after buying an additional 2,839 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Natus Medical by 13.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 953,413 shares of the company’s stock valued at $36,640,000 after buying an additional 112,582 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Shares of Natus Medical Inc. (NASDAQ:BABY) traded down 1.23% during midday trading on Monday, reaching $40.15. The company’s stock had a trading volume of 223,970 shares. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 34.61 and a beta of 0.78. Natus Medical Inc. has a 52 week low of $29.54 and a 52 week high of $51.05. The firm’s 50 day moving average is $41.05 and its 200 day moving average is $37.00.

Natus Medical (NASDAQ:BABY) last announced its earnings results on Wednesday, July 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $96 million for the quarter, compared to analysts’ expectations of $92.71 million. Natus Medical had a return on equity of 13.82% and a net margin of 10.20%. Natus Medical’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that Natus Medical Inc. will post $1.55 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. Benchmark Co. assumed coverage on Natus Medical in a report on Tuesday, October 4th. They issued a “buy” rating and a $55.00 price objective on the stock. Zacks Investment Research downgraded Natus Medical from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Raymond James Financial Inc. upgraded Natus Medical from a “market perform” rating to an “outperform” rating and set a $46.00 price objective on the stock in a report on Tuesday, September 13th.

In other Natus Medical news, insider James B. Hawkins acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average price of $38.48 per share, for a total transaction of $384,800.00. Following the completion of the acquisition, the insider now directly owns 459,725 shares of the company’s stock, valued at $17,690,218. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

About Natus Medical

Natus Medical Incorporated is a provider of newborn care and neurology healthcare products and services used for the screening, diagnosis, detection, treatment, monitoring and tracking of common medical ailments in newborn care, hearing impairment, neurological dysfunction, epilepsy, sleep disorders, neuromuscular diseases and balance and mobility disorders.

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