American Century Companies Inc. Lowers Stake in Boston Scientific Corporation (BSX)

American Century Companies Inc. lessened its stake in Boston Scientific Corporation (NYSE:BSX) by 33.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,983,702 shares of the medical equipment provider’s stock after selling 3,512,787 shares during the period. American Century Companies Inc. owned 0.51% of Boston Scientific worth $173,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSX. GSA Capital Partners LLP grew its position in Boston Scientific by 21.9% in the 2nd quarter. GSA Capital Partners LLP now owns 12,513 shares of the medical equipment provider’s stock valued at $347,000 after buying an additional 2,247 shares in the last quarter. AHL Partners LLP lifted its holdings in Boston Scientific by 65.2% in the 2nd quarter. AHL Partners LLP now owns 99,959 shares of the medical equipment provider’s stock valued at $2,771,000 after acquiring an additional 39,455 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Boston Scientific by 0.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 236,479 shares of the medical equipment provider’s stock valued at $6,554,000 after acquiring an additional 1,650 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Boston Scientific by 57.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,338 shares of the medical equipment provider’s stock valued at $1,340,000 after acquiring an additional 17,683 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Boston Scientific by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,496 shares of the medical equipment provider’s stock valued at $1,233,000 after acquiring an additional 1,178 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

A number of research firms have commented on BSX. Barclays reaffirmed a “buy” rating and set a $32.00 price objective on shares of Boston Scientific in a research note on Wednesday, January 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $31.00 price objective on shares of Boston Scientific in a research note on Wednesday, November 29th. Needham & Company LLC raised shares of Boston Scientific from a “buy” rating to a “strong-buy” rating and upped their price objective for the company from $25.04 to $32.00 in a research note on Friday, December 8th. Oppenheimer reiterated a “hold” rating on shares of Boston Scientific in a report on Wednesday, November 29th. Finally, Canaccord Genuity dropped their target price on Boston Scientific from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Boston Scientific presently has an average rating of “Buy” and a consensus target price of $31.00.

In other news, insider Valley Gold Master Fund L. Sun bought 408,006 shares of Boston Scientific stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $0.45 per share, with a total value of $183,602.70. Also, EVP Michael P. Phalen sold 15,835 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $25.25, for a total value of $399,833.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,032 shares of company stock valued at $4,648,733. 0.74% of the stock is owned by company insiders.

Shares of Boston Scientific Corporation (NYSE:BSX) opened at $26.81 on Thursday. Boston Scientific Corporation has a 12-month low of $23.29 and a 12-month high of $29.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.50. The firm has a market capitalization of $35,854.15, a P/E ratio of 383.00, a PEG ratio of 1.89 and a beta of 0.81.

Boston Scientific (NYSE:BSX) last posted its quarterly earnings data on Thursday, February 1st. The medical equipment provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Boston Scientific had a return on equity of 24.04% and a net margin of 1.15%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Boston Scientific’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts anticipate that Boston Scientific Corporation will post 1.37 EPS for the current fiscal year.

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About Boston Scientific

Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.

Institutional Ownership by Quarter for Boston Scientific (NYSE:BSX)

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