GAMMA Investing LLC Raises Stock Holdings in Envista Holdings Corporation (NYSE:NVST)

GAMMA Investing LLC raised its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 1,338.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,139 shares of the company's stock after buying an additional 30,835 shares during the quarter. GAMMA Investing LLC's holdings in Envista were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its holdings in shares of Envista by 47.4% during the first quarter. First Hawaiian Bank now owns 47,597 shares of the company's stock worth $822,000 after purchasing an additional 15,312 shares during the period. Polar Asset Management Partners Inc. increased its stake in Envista by 27.9% in the 4th quarter. Polar Asset Management Partners Inc. now owns 1,914,799 shares of the company's stock valued at $36,936,000 after buying an additional 417,549 shares during the period. Brickwood Asset Management LLP acquired a new position in Envista in the 4th quarter valued at $40,037,000. Vise Technologies Inc. increased its stake in Envista by 14.7% in the 4th quarter. Vise Technologies Inc. now owns 16,016 shares of the company's stock valued at $309,000 after buying an additional 2,056 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Envista by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 492,736 shares of the company's stock valued at $9,505,000 after buying an additional 67,234 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group dropped their price objective on shares of Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company set a $19.00 price objective on shares of Envista in a research note on Saturday, March 8th. Needham & Company LLC reissued a "hold" rating on shares of Envista in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Envista from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Finally, Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $21.00 to $23.00 in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Envista has an average rating of "Hold" and an average price target of $20.23.

Envista Stock Performance

NYSE:NVST opened at $18.62 on Thursday. The company has a quick ratio of 1.82, a current ratio of 2.12 and a debt-to-equity ratio of 0.43. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The stock has a market cap of $3.16 billion, a PE ratio of -2.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.99. The firm's fifty day simple moving average is $17.26 and its 200-day simple moving average is $18.52.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The firm had revenue of $616.90 million for the quarter, compared to analysts' expectations of $608.17 million. Envista had a negative net margin of 44.90% and a positive return on equity of 4.07%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. Analysts expect that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

About Envista

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

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