Avanos Medical, Inc. (NYSE:AVNS) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC raised its holdings in shares of Avanos Medical, Inc. (NYSE:AVNS) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 893,008 shares of the company’s stock after purchasing an additional 246,379 shares during the period. Tributary Capital Management LLC’s holdings in Avanos Medical were worth $14,217,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AVNS. Quarry LP purchased a new position in Avanos Medical during the 3rd quarter worth $42,000. KBC Group NV boosted its holdings in Avanos Medical by 63.0% in 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 in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Avanos Medical in the second quarter worth about $70,000. Intech Investment Management LLC purchased a new stake in shares of Avanos Medical during the third quarter worth about $207,000. Finally, Atom Investors LP acquired a new position in shares of Avanos Medical during the third quarter valued at about $210,000. 95.17% of the stock is owned by institutional investors and hedge funds.

Avanos Medical Price Performance

Shares of AVNS opened at $15.79 on Friday. The firm has a market capitalization of $725.57 million, a PE ratio of 46.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.22 and a quick ratio of 1.46. The company’s fifty day moving average price is $17.05 and its 200-day moving average price is $20.66. Avanos Medical, Inc. has a 1-year low of $14.98 and a 1-year high of $25.36.

Wall Street Analysts Forecast Growth

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

Avanos Medical Company 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.