ICU Medical, Inc. (ICUI) is Elk Creek Partners LLC’s 7th Largest Position

Elk Creek Partners LLC reduced its holdings in ICU Medical, Inc. (NASDAQ:ICUI) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,692 shares of the medical instruments supplier’s stock after selling 12,970 shares during the quarter. ICU Medical makes up 2.0% of Elk Creek Partners LLC’s portfolio, making the stock its 7th biggest holding. Elk Creek Partners LLC owned approximately 0.91% of ICU Medical worth $30,997,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in ICU Medical by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 1,607 shares of the medical instruments supplier’s stock valued at $245,000 after purchasing an additional 7 shares during the last quarter. Alps Advisors Inc. increased its stake in ICU Medical by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,130 shares of the medical instruments supplier’s stock valued at $540,000 after purchasing an additional 8 shares during the last quarter. Texas Permanent School Fund increased its stake in ICU Medical by 0.3% in the first quarter. Texas Permanent School Fund now owns 10,747 shares of the medical instruments supplier’s stock valued at $1,641,000 after purchasing an additional 28 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in ICU Medical by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,360 shares of the medical instruments supplier’s stock valued at $513,000 after purchasing an additional 40 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in ICU Medical by 1.4% in the first quarter. Meadow Creek Investment Management LLC now owns 3,146 shares of the medical instruments supplier’s stock valued at $480,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.

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Several equities research analysts have commented on the company. Zacks Investment Research lowered ICU Medical from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Sidoti lowered ICU Medical from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 20th. BidaskClub lowered ICU Medical from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Gabelli restated a “buy” rating on shares of ICU Medical in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $193.00.

In related news, Chairman Vivek Jain sold 100,000 shares of ICU Medical stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $170.80, for a total transaction of $17,080,000.00. Following the completion of the sale, the chairman now owns 110,925 shares of the company’s stock, valued at $18,945,990. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert S. Swinney sold 463 shares of ICU Medical stock in a transaction on Friday, September 15th. The shares were sold at an average price of $181.25, for a total value of $83,918.75. Following the sale, the director now directly owns 14,330 shares of the company’s stock, valued at approximately $2,597,312.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,012 shares of company stock valued at $36,438,659. Insiders own 15.90% of the company’s stock.

Shares of ICU Medical, Inc. (ICUI) traded down 0.63% during midday trading on Friday, reaching $180.05. The company’s stock had a trading volume of 117,112 shares. ICU Medical, Inc. has a 52 week low of $121.76 and a 52 week high of $182.45. The stock has a 50-day moving average price of $172.54 and a 200 day moving average price of $163.75. The stock has a market capitalization of $3.57 billion, a PE ratio of 72.11 and a beta of 0.36.

ICU Medical (NASDAQ:ICUI) last released its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). The firm had revenue of $331.51 million for the quarter, compared to analyst estimates of $318.30 million. ICU Medical had a net margin of 6.10% and a return on equity of 7.56%. ICU Medical’s revenue for the quarter was up 242.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. Equities analysts forecast that ICU Medical, Inc. will post $4.11 earnings per share for the current year.

ICU Medical Profile

ICU Medical, Inc is engaged in the development, manufacture and sales of medical devices used in infusion therapy, oncology and critical care applications. The Company’s product line includes needlefree connection devices, custom infusion sets, closed system transfer devices (CSTD) for the handling of hazardous drugs, advanced sensor catheters, needlefree closed blood sampling systems, disposable pressure transducer systems and hemodynamic monitoring systems.

Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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