Merit Medical Sys (MMSI) Investment Down in Latest Report from Eagle Boston Investment Management Inc

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Merit Medical Sys (NASDAQ:MMSI).

Eagle Boston Investment Management Inc decreased its stake in Merit Medical Sys stock by 127,255 shares in the quarter ending 09/30/2017. Its position was valued at $18,053,000 a decrease of 11.8% as of quarter end.

Here are a few institutional investors who have updated their positions. Dimensional Fund Advisors Lp reduced its position by selling 89,554 shares a decrease of 3.3%. Dimensional Fund Advisors Lp currently owns 2,605,168 shares valued at $110,328,000. The total value of its holdings increased 7.3%. As of the end of the quarter First Mercantile Trust Co had sold a total of 580 shares trimming its stake by 13.7%. The value of the total investment in Merit Medical Sys decreased from $162,000 to $155,000 decreasing 4.3% quarter to quarter.

As of quarter end Raymond James & Associates had acquired 9,773 shares growing its holdings by 22.1%. The value of the investment in MMSI went from $1,686,000 to $2,286,000 a change of 35.6% quarter over quarter.

July 28 investment analysts at Piper Jaffray Companies maintained a stock rating of “Buy” projecting a price of $45.00. On August 28 Raymond James Financial kept the company rating at “Outperform” targeting a price of $44.00.

September 6 investment analysts at Canaccord Genuity kept the stock rating at “Buy” with a current price target of $45.00.

On October 8 Canaccord Genuity left the company rating at “Buy” targeting a price of $45.00. Equity analyst Canaccord Genuity raised the price target of the stock on October 26 changing the forecast from $45.00 to $47.50 and issued a “Buy” rating.

The company is unchanged by 0.00% percent from yesterday’s close. Merit Medical Sys currently has a P/E ratio of 61.65 and the market cap of the company is 1.87B. As of the last earnings report the EPS was $0.60 with 50.20M shares currently outstanding.

Traders are feeling more bearish on the company if you take a look at the increase in short interest. The company saw a rise in short interest between September 29, 2017 and October 13, 2017 of 12.14%. Short interest increased 224,533 over that period. Days to cover decreased from 6.0 to 5.0 and the short interest percentage is 0.04% as of October 13.