Masimo Co. (NASDAQ:MASI) CEO Joe E. Kiani sold 21,907 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $160.01, for a total transaction of $3,505,339.07. Following the sale, the chief executive officer now directly owns 159,838 shares in the company, valued at $25,575,678.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of MASI traded down $3.84 during mid-day trading on Friday, hitting $146.55. 221,005 shares of the company were exchanged, compared to its average volume of 390,304. Masimo Co. has a 1-year low of $98.23 and a 1-year high of $160.25. The company has a 50 day moving average of $152.92 and a 200-day moving average of $139.72. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.14.
Masimo (NASDAQ:MASI) last released its quarterly earnings data on Wednesday, July 31st. The medical equipment provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. The company had revenue of $229.60 million during the quarter, compared to the consensus estimate of $222.46 million. Masimo had a net margin of 22.15% and a return on equity of 17.82%. Masimo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities research analysts expect that Masimo Co. will post 3.15 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC raised its holdings in Masimo by 0.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 29,816 shares of the medical equipment provider’s stock valued at $4,123,000 after acquiring an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Masimo by 0.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,693 shares of the medical equipment provider’s stock valued at $3,276,000 after acquiring an additional 116 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Masimo by 0.4% during the 1st quarter. Arizona State Retirement System now owns 35,126 shares of the medical equipment provider’s stock worth $4,857,000 after buying an additional 132 shares during the last quarter. Bridge City Capital LLC increased its holdings in shares of Masimo by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 29,426 shares of the medical equipment provider’s stock worth $4,379,000 after buying an additional 144 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Masimo by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,040 shares of the medical equipment provider’s stock worth $1,345,000 after buying an additional 150 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.
Masimo Company Profile
Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive monitoring technologies worldwide. The company offers Masimo Signal Extraction Technology (SET) pulse oximetry with measure-through motion and low perfusion pulse oximetry monitoring to address the primary limitations of conventional pulse oximetry.
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