American International Group Inc. cut its position in shares of ICU Medical, Inc. (NASDAQ:ICUI – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,393 shares of the medical instruments supplier’s stock after selling 307 shares during the period. American International Group Inc. owned about 0.13% of ICU Medical worth $4,944,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of ICUI. Covestor Ltd increased its position in shares of ICU Medical by 86.4% during the first quarter. Covestor Ltd now owns 123 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 57 shares during the period. Quadrant Capital Group LLC increased its position in shares of ICU Medical by 210.4% during the third quarter. Quadrant Capital Group LLC now owns 208 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 141 shares during the period. Ronald Blue Trust Inc. increased its position in shares of ICU Medical by 166.3% during the fourth quarter. Ronald Blue Trust Inc. now owns 213 shares of the medical instruments supplier’s stock valued at $32,000 after purchasing an additional 133 shares during the period. Bessemer Group Inc. increased its position in shares of ICU Medical by 134.3% during the third quarter. Bessemer Group Inc. now owns 321 shares of the medical instruments supplier’s stock valued at $48,000 after purchasing an additional 184 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in ICU Medical in the first quarter valued at $94,000. 93.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ICUI. StockNews.com began coverage on ICU Medical in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. KeyCorp upped their price target on ICU Medical from $200.00 to $216.00 in a research report on Tuesday, May 9th. Finally, 51job reiterated a “maintains” rating on shares of ICU Medical in a research report on Tuesday, May 9th.
ICU Medical Trading Up 3.0 %
Insider Buying and Selling at ICU Medical
In other news, VP Virginia Ruth Sanzone sold 250 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $175.00, for a total transaction of $43,750.00. Following the sale, the vice president now owns 4,678 shares of the company’s stock, valued at $818,650. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.50% of the company’s stock.
ICU Medical Company Profile
ICU Medical, Inc engages in the development, manufacture, and sale of innovative medical devices used in vascular therapy and critical care applications. Its product portfolio includes intravenous smart pumps, sets, connectors, closed transfer devices for hazardous drugs, cardiac monitoring systems, IV solutions, IV smart pumps with pain management and safety software technology, dedicated and non-dedicated IV sets and needle-free connectors.
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