AQR Capital Management LLC Has $180.15 Million Stock Position in Edwards Lifesciences Corp (NYSE:EW)

AQR Capital Management LLC increased its holdings in Edwards Lifesciences Corp (NYSE:EW) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 975,154 shares of the medical research company’s stock after buying an additional 68,314 shares during the period. AQR Capital Management LLC owned 0.47% of Edwards Lifesciences worth $180,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co boosted its position in shares of Edwards Lifesciences by 35.2% in the second quarter. Paloma Partners Management Co now owns 205,033 shares of the medical research company’s stock worth $37,878,000 after purchasing an additional 53,337 shares during the period. Beacon Pointe Advisors LLC increased its stake in Edwards Lifesciences by 15.8% during the second quarter. Beacon Pointe Advisors LLC now owns 2,761 shares of the medical research company’s stock worth $512,000 after purchasing an additional 376 shares during the period. Capital Bank & Trust Co increased its stake in Edwards Lifesciences by 98,736.4% during the second quarter. Capital Bank & Trust Co now owns 65,232 shares of the medical research company’s stock worth $12,051,000 after purchasing an additional 65,166 shares during the period. Marshall Wace North America L.P. increased its stake in Edwards Lifesciences by 394.9% during the second quarter. Marshall Wace North America L.P. now owns 364,492 shares of the medical research company’s stock worth $67,336,000 after purchasing an additional 290,838 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in Edwards Lifesciences by 134.8% during the second quarter. Balyasny Asset Management LLC now owns 13,922 shares of the medical research company’s stock worth $2,572,000 after purchasing an additional 53,922 shares during the period. Institutional investors own 81.53% of the company’s stock.

A number of analysts have issued reports on EW shares. BTIG Research reiterated a “hold” rating on shares of Edwards Lifesciences in a research note on Thursday, July 25th. Bank of America reiterated a “buy” rating and set a $225.00 price target (up from $215.00) on shares of Edwards Lifesciences in a research note on Wednesday, July 24th. Zacks Investment Research upgraded shares of Edwards Lifesciences from a “hold” rating to a “buy” rating and set a $232.00 price target on the stock in a research note on Thursday, July 25th. Canaccord Genuity boosted their price target on shares of Edwards Lifesciences from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Edwards Lifesciences from $190.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $213.33.

Edwards Lifesciences stock traded up $1.02 during mid-day trading on Friday, hitting $227.11. 1,336,874 shares of the company’s stock traded hands, compared to its average volume of 1,104,862. Edwards Lifesciences Corp has a one year low of $136.44 and a one year high of $230.19. The company has a quick ratio of 2.48, a current ratio of 3.38 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $219.92 and a 200 day moving average price of $197.32. The company has a market cap of $47.23 billion, a PE ratio of 48.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.84.

Edwards Lifesciences (NYSE:EW) last posted its quarterly earnings data on Tuesday, July 23rd. The medical research company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.05. Edwards Lifesciences had a return on equity of 31.25% and a net margin of 18.29%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts expect that Edwards Lifesciences Corp will post 5.34 earnings per share for the current fiscal year.

In other news, VP Huimin Wang sold 4,650 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $223.18, for a total transaction of $1,037,787.00. Following the sale, the vice president now directly owns 36,898 shares of the company’s stock, valued at $8,234,895.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael A. Mussallem sold 22,850 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $216.70, for a total value of $4,951,595.00. Following the sale, the chief executive officer now directly owns 95,770 shares in the company, valued at $20,753,359. The disclosure for this sale can be found here. Insiders sold a total of 155,822 shares of company stock worth $33,641,784 in the last three months. Company insiders own 1.63% of the company’s stock.

Edwards Lifesciences Company Profile

Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic valve replacement, and transcatheter mitral and tricuspid therapies for the nonsurgical replacement of heart valves.

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Institutional Ownership by Quarter for Edwards Lifesciences (NYSE:EW)

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