Tributary Capital Management LLC Purchases 246,379 Shares of Avanos Medical, Inc. (NYSE:AVNS)

Tributary Capital Management LLC raised its position in Avanos Medical, Inc. (NYSE:AVNS) by 38.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893,008 shares of the company’s stock after purchasing an additional 246,379 shares during the quarter. Tributary Capital Management LLC owned 1.94% of Avanos Medical worth $14,217,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVNS. Quarry LP bought a new stake in shares of Avanos Medical during the 3rd quarter worth approximately $42,000. KBC Group NV increased its stake in Avanos Medical by 63.0% in the third quarter. KBC Group NV now owns 2,833 shares of the company’s stock worth $68,000 after purchasing an additional 1,095 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Avanos Medical during the second quarter worth $70,000. Intech Investment Management LLC purchased a new stake in shares of Avanos Medical during the third quarter valued at $207,000. Finally, Atom Investors LP bought a new position in shares of Avanos Medical in the third quarter worth about $210,000. Institutional investors own 95.17% of the company’s stock.

Avanos Medical Trading Down 0.1 %

AVNS opened at $15.79 on Friday. Avanos Medical, Inc. has a 52 week low of $14.98 and a 52 week high of $25.36. The company has a market capitalization of $725.57 million, a P/E ratio of 46.43 and a beta of 0.99. The stock’s fifty day moving average is $17.05 and its two-hundred day moving average is $20.66. The company has a quick ratio of 1.46, a current ratio of 2.22 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Avanos Medical from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 3rd.

About Avanos Medical

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.