Fintel reports that Millennium Management Llc has filed a 13G/A with the SEC disclosing its ownership of 771,957 shares of Tactile Systems Technology Inc (TCMD). This represents 3.8% of the industry.
In their previous filings of June 23, 2022 they reported 1,268,853 shares and 6.40% of the company,
a decrease in shares of 39.16% and a decrease in total ownership of 2.60% (counted as current – previous ownership).
Tactile Medical is a leader in the development and marketing of home remedies for chronic inflammation such as lymphedema and venous insufficiency. Tactile Medical’s mission is to help people with chronic diseases live a better life and take care of themselves at home. The Company’s unique offerings include advanced, clinically proven equipment, and a continuum of support provided by an international team of pharmacists and educators, reimbursement experts, patient advocates and clinicians. The combination of these products and services ensures that thousands of patients each year receive the home care needed to manage their chronic illness. Tactile Medical is proud that its solutions help increase clinical efficiency, reduce overall healthcare costs and improve the quality of life of patients with chronic diseases.
What are the major stocks doing?
DE Shaw & Co., Inc. has 844,963 shares representing 4.19% ownership of the company. In the previous election, the company said it has 835,343 shares, which represent
increase
and 1.14 %. The company
decrease
its stake in TCMD is 20.88% in the last quarter.
Deutsche Bank Ag owns 691,718 shares representing 3.43% ownership of the company. In the previous election, the company said it has 74,451 shares, which represent
increase
and 89.24 %. The company
increase
its stake in TCMD is 28.88% in the last quarter.
Aqr Capital Management Llc owns 506,204 shares representing 2.51% of the company’s ownership. In the previous election, the company said it has 82,465 shares, representing
increase
and 83.71 %. The company
increase
its stake in TCMD is 417.91% in the last quarter.
Acadian Asset Management Llc has 451,893 shares representing 2.24% of the company’s ownership. In the previous election, the company said it has 316,998 shares, representing
increase
and 29.85 %. The company
increase
its stake in TCMD is 62.67% in the last quarter.
Royce & Associates Lp owns 435,156 shares representing 2.16% of the company’s ownership. In the previous poll, the company said it has 0 shares, representing
increase
about 100.00%.
Fund Recommendations
There are 295 funds or organizations reporting in Tactile Systems Technology Inc. This is a decrease of 59 owners or 16.67%.
Average weight of all the money devoted to Tactile Systems Technology Inc is 0.0423%, a decrease of 0.7708%. Total institutional shares have decreased over the past three months by 2.18% to 18,967,788.
Analyst Comments
As of January 23, 2023, the one-year average price for Tactile Systems Technology is $23.80. The forecast ranges from $18.18 to a high of $28.35. The stock price represents a 92.71% increase from its recent price of $12.35.
Tactile Systems Technology’s projected annual revenue is $278MM, an increase of 18.56%. The expected EPS for the year is $-0.10.
This article first appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
