Hood River Capital Management LLC Boosted Its Nuvasive INC (NUVA) Holding by $32.59 Million as Shares Rose

NuVasive, Inc. (NASDAQ:NUVA) LogoInvestors sentiment decreased to 1.22 in 2018 Q2. Its down 0.12, from 1.34 in 2018Q1. It dropped, as 26 investors sold NUVA shares while 70 reduced holdings. 39 funds opened positions while 78 raised stakes. 54.26 million shares or 5.20% more from 51.57 million shares in 2018Q1 were reported. Price T Rowe Assocs Md, a Maryland-based fund reported 2.21 million shares. Elk Creek Ptnrs Lc reported 255,197 shares or 0.73% of all its holdings. Morgan Stanley has 0% invested in NuVasive, Inc. (NASDAQ:NUVA) for 191,323 shares. Spark Investment Lc invested in 22,000 shares or 0.07% of the stock. Susquehanna Intl Limited Liability Partnership holds 19,129 shares. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in NuVasive, Inc. (NASDAQ:NUVA). 6,130 were accumulated by Bankshares Of Montreal Can. Bnp Paribas Arbitrage owns 6,237 shares. Pdt Prtnrs Ltd Liability Company has 87,101 shares for 0.17% of their portfolio. Texas-based Serv Automobile Association has invested 0.02% in NuVasive, Inc. (NASDAQ:NUVA). Icon Advisers has invested 0.07% in NuVasive, Inc. (NASDAQ:NUVA). 181,303 are owned by Gamco Investors Inc Et Al. Pub Sector Pension Investment Board invested 0.01% of its portfolio in NuVasive, Inc. (NASDAQ:NUVA). Cornerstone Advsr reported 12 shares. 63,214 are owned by New York State Common Retirement Fund.

Since November 16, 2018, it had 0 insider purchases, and 2 sales for $464,318 activity.

Hood River Capital Management Llc increased its stake in Nuvasive Inc (NUVA) by 261.28% based on its latest 2018Q2 regulatory filing with the SEC. Hood River Capital Management Llc bought 626,770 shares as the company’s stock rose 33.26% with the market. The institutional investor held 866,653 shares of the health care company at the end of 2018Q2, valued at $45.17 million, up from 239,883 at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Nuvasive Inc for a number of months, seems to be bullish on the $3.01 billion market cap company. The stock decreased 1.42% or $0.84 during the last trading session, reaching $58.48. About 168,668 shares traded. NuVasive, Inc. (NASDAQ:NUVA) has risen 18.36% since December 6, 2017 and is uptrending. It has outperformed by 2.74% the S&P500.

Hood River Capital Management Llc, which manages about $698.72 million and $1.95 billion US Long portfolio, decreased its stake in Beacon Roofing Supply Inc (NASDAQ:BECN) by 120,619 shares to 229,311 shares, valued at $9.77 million in 2018Q2, according to the filing. It also reduced its holding in Magellan Health Inc (NASDAQ:MGLN) by 298,432 shares in the quarter, leaving it with 207,346 shares, and cut its stake in Tabula Rasa Healthcare Inc.

More notable recent NuVasive, Inc. (NASDAQ:NUVA) news were published by: Seekingalpha.com which released: “NuVasive Boosted By Renewed Confidence, But Follow-Through Will Be Critical – Seeking Alpha” on August 21, 2018, also Seekingalpha.com with their article: “NuVasive (NUVA) Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on October 30, 2018, Seekingalpha.com published: “NuVasive launches TLX 20 degree implant – Seeking Alpha” on September 05, 2018. More interesting news about NuVasive, Inc. (NASDAQ:NUVA) were released by: Nasdaq.com and their article: “NuVasive (NUVA) Up 11% Since Last Earnings Report: Can It Continue? – Nasdaq” published on November 29, 2018 as well as Nasdaq.com‘s news article titled: “January 2019 Options Now Available For Nuvasive (NUVA) – Nasdaq” with publication date: November 15, 2018.

NuVasive, Inc. (NASDAQ:NUVA) Ratings Coverage

Among 8 analysts covering NuVasive (NASDAQ:NUVA), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. NuVasive had 10 analyst reports since June 21, 2018 according to SRatingsIntel. The company was downgraded on Wednesday, June 27 by Bank of America. Canaccord Genuity maintained it with “Buy” rating and $75 target in Wednesday, October 31 report. The firm earned “Outperform” rating on Thursday, September 27 by Robert W. Baird. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, October 31 report. Canaccord Genuity maintained the stock with “Buy” rating in Monday, September 17 report. The rating was downgraded by JP Morgan to “Neutral” on Thursday, June 21. The stock has “Hold” rating by J.P. Morgan on Thursday, June 21. The stock of NuVasive, Inc. (NASDAQ:NUVA) has “Equal-Weight” rating given on Tuesday, September 25 by Morgan Stanley. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, October 31.

NuVasive, Inc. (NASDAQ:NUVA) Institutional Positions Chart

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