Jane Street Group LLC Lowers Stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Jane Street Group LLC lowered its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 54.5% during the third quarter, HoldingsChannel reports. The firm owned 21,557 shares of the company’s stock after selling 25,854 shares during the quarter. Jane Street Group LLC’s holdings in Tactile Systems Technology were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY lifted its position in Tactile Systems Technology by 90.1% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Tactile Systems Technology by 9.8% in the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock valued at $10,624,000 after buying an additional 64,684 shares during the period. Royce & Associates LP boosted its stake in shares of Tactile Systems Technology by 2.5% in the third quarter. Royce & Associates LP now owns 612,979 shares of the company’s stock valued at $8,956,000 after buying an additional 14,780 shares in the last quarter. Federated Hermes Inc. grew its holdings in Tactile Systems Technology by 26.5% during the second quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after acquiring an additional 90,960 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Tactile Systems Technology by 1.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,431 shares of the company’s stock worth $3,217,000 after purchasing an additional 4,961 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD opened at $17.57 on Friday. The company has a market cap of $421.63 million, a P/E ratio of 27.03 and a beta of 1.21. The business has a fifty day simple moving average of $17.14 and a 200-day simple moving average of $14.56. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

TCMD has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday. B. Riley started coverage on Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective for the company. Oppenheimer downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Finally, BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.