Victory Capital Management Inc. Cuts Stock Position in STAAR Surgical (NASDAQ:STAA)

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Victory Capital Management Inc. lowered its position in STAAR Surgical (NASDAQ:STAA) by 63.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,983 shares of the medical instruments supplier’s stock after selling 3,444 shares during the period. Victory Capital Management Inc.’s holdings in STAAR Surgical were worth $58,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of STAA. TRUE Private Wealth Advisors purchased a new position in shares of STAAR Surgical in the 2nd quarter worth approximately $36,000. Aperio Group LLC acquired a new stake in STAAR Surgical in the 2nd quarter worth approximately $43,000. DekaBank Deutsche Girozentrale acquired a new stake in STAAR Surgical in the 2nd quarter worth approximately $46,000. AdvisorNet Financial Inc boosted its stake in STAAR Surgical by 54.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,742 shares of the medical instruments supplier’s stock worth $51,000 after purchasing an additional 617 shares in the last quarter. Finally, Cutler Group LP acquired a new stake in STAAR Surgical in the 2nd quarter worth approximately $67,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

STAA has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. ValuEngine upgraded shares of STAAR Surgical from a “hold” rating to a “buy” rating in a research note on Friday. Finally, BidaskClub cut shares of STAAR Surgical from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $36.00.

STAA stock opened at $26.69 on Friday. The firm has a 50 day moving average of $28.11 and a 200 day moving average of $29.61. The stock has a market capitalization of $1.13 billion, a PE ratio of 66.61 and a beta of 2.27. The company has a quick ratio of 4.97, a current ratio of 5.53 and a debt-to-equity ratio of 0.04. STAAR Surgical has a 52 week low of $21.70 and a 52 week high of $51.30.

STAAR Surgical (NASDAQ:STAA) last posted its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The firm had revenue of $39.66 million during the quarter, compared to analyst estimates of $40.10 million. STAAR Surgical had a net margin of 5.80% and a return on equity of 12.81%. On average, equities research analysts expect that STAAR Surgical will post 0.32 earnings per share for the current year.

STAAR Surgical Company Profile

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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Institutional Ownership by Quarter for STAAR Surgical (NASDAQ:STAA)

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