OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Paragon 28, Inc. (NYSE:FNA)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Paragon 28, Inc. (NYSE:FNA) by 7.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 138,854 shares of the company’s stock after selling 11,964 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Paragon 28 were worth $1,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Paragon 28 by 2,141.7% in the third quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after purchasing an additional 749,865 shares during the last quarter. Barclays PLC boosted its stake in shares of Paragon 28 by 180.6% during the third quarter. Barclays PLC now owns 84,812 shares of the company’s stock valued at $567,000 after purchasing an additional 54,591 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Paragon 28 by 374.6% during the fourth quarter. New York State Common Retirement Fund now owns 14,570 shares of the company’s stock valued at $151,000 after purchasing an additional 11,500 shares during the period. Rhumbline Advisers lifted its stake in Paragon 28 by 1.7% in the fourth quarter. Rhumbline Advisers now owns 62,861 shares of the company’s stock worth $649,000 after acquiring an additional 1,024 shares during the period. Finally, Ballentine Partners LLC lifted its stake in Paragon 28 by 15.0% in the fourth quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after acquiring an additional 2,043 shares during the period. Institutional investors own 63.57% of the company’s stock.

Insider Activity

In other news, major shareholder Mvm Partners, Llc sold 619,747 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $12.99, for a total transaction of $8,050,513.53. Following the transaction, the insider now owns 9,609,771 shares in the company, valued at $124,830,925.29. This trade represents a 6.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,828,706 shares of company stock worth $23,810,399 in the last quarter. Corporate insiders own 15.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.75.

Paragon 28 Price Performance

Shares of NYSE FNA opened at $13.11 on Wednesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13. The firm’s 50 day simple moving average is $13.06 and its 200-day simple moving average is $11.49. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60.

Paragon 28 (NYSE:FNA) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $71.75 million for the quarter, compared to analyst estimates of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. Analysts expect that Paragon 28, Inc. will post -0.64 EPS for the current year.

About Paragon 28

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.