Meridian Bioscience, Inc. (VIVO) Position Lowered by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its position in shares of Meridian Bioscience, Inc. (NASDAQ:VIVO) by 27.9% in the 4th quarter, HoldingsChannel reports. The fund owned 150,491 shares of the company’s stock after selling 58,275 shares during the period. Goldman Sachs Group Inc.’s holdings in Meridian Bioscience were worth $2,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIVO. Verity Asset Management Inc. bought a new position in shares of Meridian Bioscience during the 4th quarter worth approximately $161,000. Nisa Investment Advisors LLC raised its stake in shares of Meridian Bioscience by 90.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,020 shares of the company’s stock worth $182,000 after acquiring an additional 6,200 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Meridian Bioscience by 57.9% during the 4th quarter. Advisor Group Inc. now owns 13,446 shares of the company’s stock worth $188,000 after acquiring an additional 4,932 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Meridian Bioscience during the 4th quarter worth approximately $202,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Meridian Bioscience during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.95% of the company’s stock.

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Shares of Meridian Bioscience stock opened at $14.70 on Tuesday. The company has a current ratio of 5.82, a quick ratio of 3.96 and a debt-to-equity ratio of 0.28. Meridian Bioscience, Inc. has a 12-month low of $13.23 and a 12-month high of $16.45. The company has a market cap of $615.58, a price-to-earnings ratio of 21.97 and a beta of 0.96.

Meridian Bioscience (NASDAQ:VIVO) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Meridian Bioscience had a net margin of 10.46% and a return on equity of 17.00%. The business had revenue of $52.30 million for the quarter, compared to analyst estimates of $49.00 million. During the same quarter in the prior year, the business posted $0.15 EPS. Meridian Bioscience’s revenue for the quarter was up 11.8% compared to the same quarter last year. research analysts forecast that Meridian Bioscience, Inc. will post 0.72 EPS for the current year.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Meridian Bioscience from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of Meridian Bioscience from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, Canaccord Genuity boosted their price objective on shares of Meridian Bioscience from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, January 26th.

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Meridian Bioscience Company Profile

Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and viral diseases, respiratory and parasitic infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.

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Institutional Ownership by Quarter for Meridian Bioscience (NASDAQ:VIVO)

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