Lorne Steinberg Wealth Management Inc. Grows Stock Holdings in Smith & Nephew plc (NYSE:SNN)

Lorne Steinberg Wealth Management Inc. grew its holdings in shares of Smith & Nephew plc (NYSE:SNN) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 233,155 shares of the medical equipment provider’s stock after purchasing an additional 2,160 shares during the period. Lorne Steinberg Wealth Management Inc. owned approximately 0.05% of Smith & Nephew worth $5,731,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its holdings in Smith & Nephew by 3.5% in the 4th quarter. Bleakley Financial Group LLC now owns 17,704 shares of the medical equipment provider’s stock worth $435,000 after acquiring an additional 596 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Smith & Nephew by 6.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,659 shares of the medical equipment provider’s stock worth $301,000 after acquiring an additional 626 shares during the last quarter. Principal Securities Inc. raised its holdings in Smith & Nephew by 87.6% in the 4th quarter. Principal Securities Inc. now owns 1,480 shares of the medical equipment provider’s stock worth $36,000 after acquiring an additional 691 shares during the last quarter. GAMMA Investing LLC raised its holdings in Smith & Nephew by 31.8% in the 4th quarter. GAMMA Investing LLC now owns 2,975 shares of the medical equipment provider’s stock worth $73,000 after acquiring an additional 718 shares during the last quarter. Finally, Townsquare Capital LLC raised its holdings in Smith & Nephew by 5.4% in the 3rd quarter. Townsquare Capital LLC now owns 14,759 shares of the medical equipment provider’s stock worth $460,000 after acquiring an additional 761 shares during the last quarter. 25.64% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Nephew Trading Up 1.0 %

NYSE:SNN opened at $25.95 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 2.51 and a debt-to-equity ratio of 0.63. Smith & Nephew plc has a 12 month low of $23.65 and a 12 month high of $31.72. The company has a 50 day simple moving average of $25.02 and a two-hundred day simple moving average of $27.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SNN shares. Deutsche Bank Aktiengesellschaft lowered shares of Smith & Nephew from a “buy” rating to a “hold” rating in a report on Friday, November 1st. StockNews.com lowered shares of Smith & Nephew from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Berenberg Bank lowered shares of Smith & Nephew from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

About Smith & Nephew

Smith & Nephew plc engages in the development, manufacture, marketing, and sale of medical devices. It operates through the following segments: Orthopaedics, Sports Medicine and ENT, and Advanced Wound Management. The Orthopaedics and Sports Medicine and ENT segment consists of the following businesses: knee implants, hip implants, other reconstruction, trauma, sports medicine joint repair, arthroscopic enabling technologies, and ENT.