Bogle Investment Management L P DE lifted its holdings in shares of Cutera, Inc. (NASDAQ:CUTR) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,718 shares of the medical device company’s stock after acquiring an additional 1,200 shares during the period. Bogle Investment Management L P DE owned 0.60% of Cutera worth $1,760,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Paradigm Capital Management Inc. NY increased its stake in Cutera by 96.4% in the first quarter. Paradigm Capital Management Inc. NY now owns 834,500 shares of the medical device company’s stock valued at $14,737,000 after purchasing an additional 409,700 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Cutera in the 1st quarter valued at $1,949,000. SG Capital Management LLC purchased a new position in shares of Cutera in the 2nd quarter valued at $1,675,000. Spark Investment Management LLC grew its position in shares of Cutera by 153.7% in the 1st quarter. Spark Investment Management LLC now owns 98,200 shares of the medical device company’s stock valued at $1,734,000 after buying an additional 59,500 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Cutera by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 648,600 shares of the medical device company’s stock worth $13,478,000 after acquiring an additional 44,600 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.
Shares of CUTR opened at $28.92 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 1.67. The company’s 50 day simple moving average is $28.56 and its 200-day simple moving average is $20.97. Cutera, Inc. has a 12-month low of $12.32 and a 12-month high of $35.85.
Cutera (NASDAQ:CUTR) last released its quarterly earnings results on Thursday, August 8th. The medical device company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.20. The firm had revenue of $47.77 million during the quarter, compared to the consensus estimate of $42.08 million. Cutera had a negative net margin of 20.49% and a negative return on equity of 69.92%. Cutera’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, analysts expect that Cutera, Inc. will post -0.55 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. ValuEngine cut shares of Cutera from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Sidoti lowered Cutera from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Maxim Group reiterated a “hold” rating on shares of Cutera in a research report on Friday, August 9th. Zacks Investment Research raised Cutera from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Wednesday, August 14th. Finally, BidaskClub raised Cutera from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 13th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Cutera has an average rating of “Buy” and a consensus target price of $35.50.
Cutera Company Profile
Cutera, Inc, a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.
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