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Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) sees sharp decline in short-term interest

Fresenius Medical Care AG & Co. KGaA (NYSE: FMS – Get a rating) experienced a sharp drop in short-term interest during the month of March. As of March 15, there was short interest totaling 349,600 shares, a decline of 49.0% from February 28’s total of 685,800 shares. Based on an average trading volume of 477,900 shares, the short-term interest rate ratio is currently 0.7 days.

Several hedge funds and other institutional investors have recently changed their positions in the company. Pzena Investment Management LLC purchased a new equity position in Fresenius Medical Care AG & Co. KGaA in the third quarter, valued at approximately $224,080,000. Arrowstreet Capital Limited Partnership acquired a new equity stake in Fresenius Medical Care AG & Co. KGaA in the third quarter valued at approximately $6,977,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Fresenius Medical Care AG & Co. KGaA by 98.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,733 shares of the company valued at $61,000 after buying 859 additional shares in the last quarter. BOKF NA bought a new position in shares of Fresenius Medical Care AG & Co. KGaA in the third quarter for a value of approximately $934,000. Finally, Cacti Asset Management LLC acquired a new position in Fresenius Medical Care AG & Co. KGaA during the fourth quarter worth approximately $860,000. Institutional investors and hedge funds hold 4.89% of the company’s shares.

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FMS stock traded at $0.41 midday on Monday, hitting $33.61. 790,447 shares of the company were traded, against an average volume of 528,459. The company has a debt ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.82. Fresenius Medical Care AG & Co. KGaA has a 12 month minimum of $28.75 and a 12 month maximum of $42.45. The stock’s 50-day moving average is $32.90 and its 200-day moving average is $33.18. The company has a market capitalization of $19.70 billion, a price-to-earnings ratio of 16.94, a growth price-to-earnings ratio of 1.50 and a beta of 1.19.

Fresenius Medical Care AG & Co. KGaA (NYSE: FMS – Get a rating) last announced its results on Tuesday, February 22. The company reported earnings per share (EPS) of $0.51 for the quarter, beating consensus analyst estimates of $0.50 by $0.01. The company posted revenue of $5.31 billion for the quarter, versus analyst estimates of $5.38 billion. Fresenius Medical Care AG & Co. KGaA achieved a return on equity of 7.51% and a net margin of 5.51%. On average, research analysts expect Fresenius Medical Care AG & Co. KGaA to post earnings per share of 2.08 for the current fiscal year.

FMS has been the subject of a number of research reports. Zacks Investment Research upgraded Fresenius Medical Care AG & Co. KGaA from a “Strong Sell” rating to a “Hold” rating and set a target price of $35.00 for the company in a Tuesday, January 11 report. Berenberg Bank lowered its price target on shares of Fresenius Medical Care AG & Co. KGaA from €84.90 ($93.30) to €83.40 ($91.65) in a Thursday, March 17 report. Oddo Bhf has upgraded shares of Fresenius Medical Care AG & Co. KGaA from a “neutral” rating to an “outperforming” rating and has set a price target of €72.00 ($79.12) on the share in a research note from Tuesday, March 1. StockNews.com moved shares of Fresenius Medical Care AG & Co. KGaA from a “hold” rating to a “buy” rating in a Tuesday, March 1, report. Finally, Societe Generale reduced its price target on Fresenius Medical Care AG & Co. KGaA from €61.00 ($67.03) to €57.00 ($62.64) in a Friday, February 25 research report. . Two analysts have assigned the stock a sell rating, eight have assigned a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.71.

About Fresenius Medical Care AG & Co. KGaA (Get a rating)

Fresenius Medical Care AG & Co KgaA provides products and services for people with kidney disease. The company develops and manufactures healthcare products, including dialysis and non-dialysis products. It operates through the following segments: North America segment; EMEA Segment; Asia-Pacific segment; and Latin America segment.

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