Mutual of America Capital Management LLC Has $17.28 Million Stake in Stevanato Group S.p.A. $STVN

Key Points

• Mutual of America Capital Management LLC increased its stake in Stevanato Group S.p.A. by 6.5% in Q2, owning approximately 707,123 shares valued at about $17.28 million.
• Multiple other institutional investors have also significantly elevated their positions in Stevanato Group, with Bessemer Group increasing its stake by over 14,600% in Q1.
• Wall Street analysts have rated Stevanato Group's stock with a consensus rating of "Moderate Buy," reflecting a generally positive outlook among professionals.

Mutual of America Capital Management LLC boosted its position in Stevanato Group S.p.A. (NYSE:STVN - Free Report) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 707,123 shares of the company's stock after purchasing an additional 43,389 shares during the period. Mutual of America Capital Management LLC owned about 0.23% of Stevanato Group worth $17,275,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of Stevanato Group by 14,623.3% in the first quarter. Bessemer Group Inc. now owns 13,251 shares of the company's stock valued at $270,000 after acquiring an additional 13,161 shares during the period. Palisade Capital Management LP grew its holdings in shares of Stevanato Group by 52.0% during the 1st 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 during the last quarter. Envestnet Asset Management Inc. grew its stake 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 buying an additional 23,545 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Stevanato Group by 77.4% during the 1st quarter. Raymond James Financial Inc. now owns 468,475 shares of the company's stock valued at $9,566,000 after acquiring an additional 204,391 shares in the last quarter. Finally, Cooper Investors PTY Ltd. raised its holdings in Stevanato Group by 22.4% in the 1st quarter. Cooper Investors PTY Ltd. now owns 137,605 shares of the company's stock valued at $2,810,000 after buying an additional 25,221 shares during the last quarter.

Wall Street Analyst Weigh In

STVN has been the topic of a number of recent analyst reports. William Blair restated an "outperform" rating on shares of Stevanato Group in a research report on Monday, June 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Stevanato Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Stevanato Group Price Performance

Shares of NYSE STVN opened at €24.69 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.22 and a current ratio of 1.79. Stevanato Group S.p.A. has a fifty-two week low of €17.12 and a fifty-two week high of €28.00. The stock has a market cap of $7.48 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.57. The stock has a fifty day moving average of €24.46 and a 200-day moving average of €23.68.

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.

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