Alliancebernstein L.P. Lowers Holdings in Stevanato Group S.p.A. $STVN

Key Points

• Alliancebernstein L.P. has reduced its stake in Stevanato Group S.p.A. by 51.1% during the first quarter, now holding approximately 851,657 shares valued at $17.39 million.
• Various institutional investors have shown interest in Stevanato Group, with new purchases from firms like Whittier Trust Co. and Twin Tree Management LP, as well as significant increases from existing stakeholders such as Wells Fargo & Company MN.
• The average analyst rating for Stevanato Group is a "Moderate Buy," with one analyst recommending a Strong Buy, demonstrating a generally positive sentiment towards the stock's performance.

Alliancebernstein L.P. lowered its holdings in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 51.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 851,657 shares of the company's stock after selling 891,715 shares during the quarter. Alliancebernstein L.P. owned 0.28% of Stevanato Group worth $17,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its stake in shares of Stevanato Group by 14,623.3% in the 1st quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after buying an additional 13,161 shares during the last quarter. Palisade Capital Management LP lifted its position in Stevanato Group by 52.0% during the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock valued at $1,867,000 after purchasing an additional 31,283 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Stevanato Group in the fourth quarter valued at about $281,000. Envestnet Asset Management Inc. lifted its position in shares of Stevanato Group by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock valued at $3,324,000 after acquiring an additional 23,545 shares in the last quarter. Finally, Yarbrough Capital LLC purchased a new position in shares of Stevanato Group in the first quarter valued at about $329,000.

Stevanato Group Trading Up 4.5%

Shares of NYSE:STVN traded up €1.19 during trading hours on Tuesday, hitting €27.42. 445,300 shares of the company's stock traded hands, compared to its average volume of 350,894. Stevanato Group S.p.A. has a 1 year low of €17.12 and a 1 year high of €28.00. The business has a fifty day moving average price of €24.33 and a 200-day moving average price of €22.94. The firm has a market capitalization of $8.30 billion, a P/E ratio of 50.78, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.79 and a quick ratio of 1.22.

Analyst Ratings Changes

Separately, William Blair reaffirmed an "outperform" rating on shares of Stevanato Group in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.