King Luther Capital Management Corp Takes Position in Avanos Medical, Inc. (NYSE:AVNS)

King Luther Capital Management Corp acquired a new position in Avanos Medical, Inc. (NYSE:AVNS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,640 shares of the company’s stock, valued at approximately $544,000.

Several other hedge funds also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in shares of Avanos Medical by 63.0% during the third quarter. KBC Group NV now owns 2,833 shares of the company’s stock worth $68,000 after acquiring an additional 1,095 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Avanos Medical during the 2nd quarter worth approximately $70,000. XTX Topco Ltd acquired a new position in Avanos Medical during the 2nd quarter valued at approximately $202,000. Magnetar Financial LLC purchased a new position in shares of Avanos Medical in the second quarter worth $248,000. Finally, Versor Investments LP acquired a new stake in shares of Avanos Medical during the third quarter worth $368,000. 95.17% of the stock is owned by institutional investors and hedge funds.

Avanos Medical Trading Up 3.2 %

Shares of NYSE:AVNS opened at $18.60 on Friday. The company has a market capitalization of $854.86 million, a PE ratio of 54.71 and a beta of 0.92. Avanos Medical, Inc. has a 12-month low of $17.39 and a 12-month high of $25.36. The business has a 50 day moving average of $21.73 and a two-hundred day moving average of $21.53. The company has a current ratio of 2.22, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Avanos Medical from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd.

Avanos Medical Profile

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.