Mackenzie Financial Corp Acquires Shares of 42,160 Intersect ENT Inc (XENT)

Mackenzie Financial Corp acquired a new stake in Intersect ENT Inc (NASDAQ:XENT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 42,160 shares of the medical equipment provider’s stock, valued at approximately $1,313,000. Mackenzie Financial Corp owned approximately 0.14% of Intersect ENT at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new position in shares of Intersect ENT during the 3rd quarter worth about $116,000. Legal & General Group Plc increased its stake in shares of Intersect ENT by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock worth $193,000 after purchasing an additional 255 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Intersect ENT during the 2nd quarter worth about $205,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Intersect ENT during the 3rd quarter worth about $228,000. Finally, Prudential Financial Inc. acquired a new position in shares of Intersect ENT during the 2nd quarter worth about $229,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intersect ENT Inc (NASDAQ:XENT) traded up $2.40 during trading on Tuesday, hitting $34.80. 835,979 shares of the stock were exchanged, compared to its average volume of 526,150. Intersect ENT Inc has a 12 month low of $11.55 and a 12 month high of $35.10. The company has a market cap of $1,030.00, a P/E ratio of -56.13 and a beta of 0.67.

Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. The company had revenue of $22.31 million during the quarter, compared to the consensus estimate of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) EPS. equities research analysts forecast that Intersect ENT Inc will post -0.63 EPS for the current year.

In related news, insider Lisa D. Earnhardt sold 20,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $28.37, for a total value of $567,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeryl L. Hilleman sold 12,833 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $29.96, for a total transaction of $384,476.68. The disclosure for this sale can be found here. In the last three months, insiders sold 126,884 shares of company stock valued at $3,838,019. 13.70% of the stock is owned by insiders.

XENT has been the topic of several recent analyst reports. Canaccord Genuity boosted their price objective on shares of Intersect ENT from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Northland Securities reiterated a “hold” rating and issued a $25.00 price target on shares of Intersect ENT in a research note on Friday, November 3rd. Bank of America upped their price target on shares of Intersect ENT from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, September 11th. JPMorgan Chase & Co. upgraded shares of Intersect ENT from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Finally, BidaskClub lowered shares of Intersect ENT from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Intersect ENT presently has a consensus rating of “Buy” and a consensus price target of $33.38.

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Intersect ENT Profile

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Institutional Ownership by Quarter for Intersect ENT (NASDAQ:XENT)

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