Kornitzer Capital Management Inc. KS Purchases Shares of 135,000 Stevanato Group S.p.A. $STVN

Kornitzer Capital Management Inc. KS purchased a new stake in Stevanato Group S.p.A. (NYSE:STVN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 135,000 shares of the company’s stock, valued at approximately $1,856,000.

Several other large investors have also modified their holdings of STVN. ArrowMark Colorado Holdings LLC grew its stake in Stevanato Group by 6.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,392,581 shares of the company’s stock valued at $35,859,000 after buying an additional 86,971 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Stevanato Group by 7.6% in the first quarter. Conestoga Capital Advisors LLC now owns 8,491,751 shares of the company’s stock valued at $116,762,000 after purchasing an additional 602,050 shares during the last quarter. Cooper Investors PTY Ltd. increased its stake in shares of Stevanato Group by 17.8% in the fourth quarter. Cooper Investors PTY Ltd. now owns 695,245 shares of the company’s stock worth $13,988,000 after purchasing an additional 104,937 shares during the period. Bamco Inc. NY lifted its position in shares of Stevanato Group by 4.5% during the 3rd quarter. Bamco Inc. NY now owns 1,973,759 shares of the company’s stock worth $50,824,000 after purchasing an additional 85,709 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Stevanato Group by 13.7% during the 4th quarter. Jennison Associates LLC now owns 1,772,896 shares of the company’s stock valued at $35,671,000 after purchasing an additional 213,602 shares during the period.

Stevanato Group Stock Up 0.2%

Shares of STVN stock opened at €19.62 on Monday. The stock has a market cap of $5.94 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.78. Stevanato Group S.p.A. has a one year low of €12.89 and a one year high of €28.00. The stock has a fifty day moving average price of €18.08 and a 200 day moving average price of €17.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings results on Friday, May 8th. The company reported €0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of €0.12 by (€0.01). Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The business had revenue of €273.57 million during the quarter. During the same quarter in the previous year, the business earned $0.10 earnings per share. Stevanato Group’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Stevanato Group S.p.A. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on STVN shares. Weiss Ratings downgraded Stevanato Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Wolfe Research assumed coverage on shares of Stevanato Group in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 target price on the stock. Finally, TD Cowen upgraded shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Stevanato Group

In other news, Director Donald E. Morel, Jr. sold 1,493 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of €17.09, for a total value of €25,515.37. Following the sale, the director directly owned 37,424 shares in the company, valued at approximately €639,576.16. This represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Madhavan Balachandran sold 1,493 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of €17.09, for a total value of €25,515.37. Following the completion of the sale, the director directly owned 69,458 shares in the company, valued at approximately €1,187,037.22. This represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 5,972 shares of company stock worth $102,061.

Stevanato Group Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.