Rice Hall James & Associates LLC Makes New $989,000 Investment in Avanos Medical, Inc. (NYSE:AVNS)

Rice Hall James & Associates LLC bought a new position in shares of Avanos Medical, Inc. (NYSE:AVNS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 62,129 shares of the company’s stock, valued at approximately $989,000. Rice Hall James & Associates LLC owned about 0.14% of Avanos Medical as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVNS. Quarry LP bought a new stake in shares of Avanos Medical during the third quarter worth $42,000. KBC Group NV grew its stake in shares of Avanos Medical by 63.0% during the third quarter. KBC Group NV now owns 2,833 shares of the company’s stock worth $68,000 after buying an additional 1,095 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Avanos Medical during the third quarter worth $207,000. Atom Investors LP acquired a new position in shares of Avanos Medical during the third quarter worth $210,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Avanos Medical during the third quarter worth $212,000. Institutional investors own 95.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

Avanos Medical Price Performance

Shares of NYSE:AVNS opened at $15.55 on Wednesday. The firm has a market cap of $714.63 million, a PE ratio of 45.73 and a beta of 0.98. The firm’s fifty day moving average is $16.45 and its 200-day moving average is $20.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 2.22. Avanos Medical, Inc. has a 52 week low of $14.98 and a 52 week high of $25.36.

Avanos Medical Company Profile

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.