AMI Asset Management Corp Cuts Stake in Stevanato Group S.p.A. $STVN

Key Points

• AMI Asset Management Corp significantly reduced its stake in Stevanato Group S.p.A. by 46.3% during Q2, leaving it with 26,083 shares valued at $637,000.
• Other institutional investors, such as Bessemer Group Inc. and Palisade Capital Management LP, have notably increased their positions in Stevanato Group.
• Analysts mostly favor Stevanato Group, with a consensus rating of "Moderate Buy" based on the latest evaluations.

AMI Asset Management Corp lowered its holdings in shares of Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,083 shares of the company's stock after selling 22,532 shares during the quarter. AMI Asset Management Corp's holdings in Stevanato Group were worth $637,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of Stevanato Group by 14,623.3% during the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock worth $270,000 after purchasing an additional 13,161 shares in the last quarter. Palisade Capital Management LP grew its position in shares of Stevanato Group by 52.0% during the first quarter. Palisade Capital Management LP now owns 91,431 shares of the company's stock worth $1,867,000 after purchasing an additional 31,283 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Stevanato Group by 16.9% during the first quarter. Envestnet Asset Management Inc. now owns 162,770 shares of the company's stock worth $3,324,000 after purchasing an additional 23,545 shares in the last quarter. Yarbrough Capital LLC purchased a new stake in shares of Stevanato Group during the first quarter worth about $329,000. Finally, Cooper Investors PTY Ltd. grew its position in shares of Stevanato Group by 22.4% during the first quarter. Cooper Investors PTY Ltd. now owns 137,605 shares of the company's stock worth $2,810,000 after purchasing an additional 25,221 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, William Blair reiterated an "outperform" rating on shares of Stevanato Group in a research 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 assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Stevanato Group Price Performance

Shares of Stevanato Group stock opened at €26.36 on Thursday. The stock has a 50 day moving average of €24.57 and a 200 day moving average of €23.42. Stevanato Group S.p.A. has a 12 month low of €17.12 and a 12 month high of €28.00. The firm has a market cap of $7.98 billion, a PE ratio of 48.81, a PEG ratio of 2.43 and a beta of 0.57. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25.

Stevanato Group Company Profile

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.

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