Picton Mahoney Asset Management Lowers stake in Edwards Lifesciences Corp (EW)

Edwards Lifesciences Corp (EW) : Picton Mahoney Asset Management reduced its stake in Edwards Lifesciences Corp by 4.44% during the most recent quarter end. The investment management company now holds a total of 415,650 shares of Edwards Lifesciences Corp which is valued at $47,217,840 after selling 19,300 shares in Edwards Lifesciences Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Edwards Lifesciences Corp makes up approximately 3.17% of Picton Mahoney Asset Management’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in EW in the latest quarter, The investment management firm added 42,051 additional shares and now holds a total of 1,760,532 shares of Edwards Lifesciences Corp which is valued at $199,996,435. Edwards Lifesciences Corp makes up approx 0.15% of Tiaa Cref Investment Management’s portfolio.Trexquant Investment Lp boosted its stake in EW in the latest quarter, The investment management firm added 19,000 additional shares and now holds a total of 32,500 shares of Edwards Lifesciences Corp which is valued at $3,692,000. Edwards Lifesciences Corp makes up approx 0.46% of Trexquant Investment Lp’s portfolio.Financial Counselors Inc reduced its stake in EW by selling 9,190 shares or 36.98% in the most recent quarter. The Hedge Fund company now holds 15,660 shares of EW which is valued at $1,783,987. Edwards Lifesciences Corp makes up approx 0.10% of Financial Counselors Inc’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in EW by selling 1,455 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 46,613 shares of EW which is valued at $5,338,121. Edwards Lifesciences Corp makes up approx 0.04% of Public Employees Retirement Association Of Colorado’s portfolio.Ls Investment Advisors reduced its stake in EW by selling 211 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 6,450 shares of EW which is valued at $685,313. Edwards Lifesciences Corp makes up approx 0.05% of Ls Investment Advisors’s portfolio.

Edwards Lifesciences Corp opened for trading at $117.47 and hit $117.92 on the upside on Tuesday, eventually ending the session at $117.16, with a gain of 0.15% or 0.17 points. The heightened volatility saw the trading volume jump to 11,50,261 shares. Company has a market cap of $24,941 M.

On the company’s financial health, Edwards Lifesciences Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $697.30 million for the quarter, compared to analysts expectations of $666.93 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Edwards Lifesciences Corp. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 115 from a previous price target of $100 .Company shares were Reiterated by Canaccord Genuity on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $132 .Company shares were Reiterated by Leerink Partners on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .

Edwards Lifesciences Corporation is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. It is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company develops hemodynamic monitoring systems used to measure a patient’s cardiovascular function in the hospital setting. Patients in the hospital setting including high-risk patients in the operating room or intensive care unit are candidates for having their cardiac function or fluid levels monitored by the its Critical Care products. The Company’s products and technologies it offers to treat advanced cardiovascular disease are categorized into three main areas: Transcatheter Heart Valve Therapy Surgical Heart Valve Therapy and Critical Care.

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