STAAR Surgical (STAA) Upgraded at Zacks Investment Research

Quantum Capital Management grew its stake in STAAR Surgical by 45.8% during the first quarter. Quantum Capital Management now owns 72,655 …

STAAR Surgical logoZacks Investment Research upgraded shares of STAAR Surgical (NASDAQ:STAA) from a hold rating to a strong-buy rating in a research note published on Tuesday morning, Zacks.com reports. The brokerage currently has $29.00 price target on the medical instruments supplier’s stock.

According to Zacks, “Staar Surgical Company has evolved to become a developer, manufacturer and global distributor of products used by ophthalmologists and other eye care professionals to improve or correct vision in patients suffering from refractive conditions, cataracts and glaucoma. “

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of STAAR Surgical from a hold rating to a buy rating in a research note on Wednesday, February 20th. Canaccord Genuity restated a buy rating and issued a $38.00 price target (down from $43.00) on shares of STAAR Surgical in a research note on Monday. Finally, ValuEngine upgraded shares of STAAR Surgical from a hold rating to a buy rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. STAAR Surgical has a consensus rating of Buy and an average price target of $40.33.

Shares of STAA traded down $1.30 during trading hours on Tuesday, hitting $25.96. The company had a trading volume of 27,435 shares, compared to its average volume of 447,169. The firm has a market capitalization of $1.21 billion, a PE ratio of 91.82 and a beta of 2.02. STAAR Surgical has a 12 month low of $21.70 and a 12 month high of $54.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.83.

STAAR Surgical (NASDAQ:STAA) last issued its quarterly earnings data on Wednesday, May 1st. The medical instruments supplier reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The company had revenue of $32.58 million for the quarter, compared to analyst estimates of $32.40 million. STAAR Surgical had a net margin of 4.44% and a return on equity of 13.22%. During the same period in the prior year, the firm earned $0.01 earnings per share. Analysts predict that STAAR Surgical will post 0.33 earnings per share for the current fiscal year.

In other STAAR Surgical news, CTO Keith Holliday sold 2,084 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $36.22, for a total transaction of $75,482.48. Following the sale, the chief technology officer now directly owns 40,239 shares in the company, valued at $1,457,456.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Broadwood Partners, L.P. acquired 100,000 shares of STAAR Surgical stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $22.23 per share, for a total transaction of $2,223,000.00. The disclosure for this purchase can be found here. Insiders sold 17,730 shares of company stock worth $655,538 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its stake in STAAR Surgical by 46.8% during the first quarter. Great West Life Assurance Co. Can now owns 5,172 shares of the medical instruments supplier’s stock worth $176,000 after buying an additional 1,649 shares in the last quarter. Cadence Capital Management LLC grew its stake in STAAR Surgical by 66.7% during the first quarter. Cadence Capital Management LLC now owns 113,410 shares of the medical instruments supplier’s stock worth $3,877,000 after buying an additional 45,387 shares in the last quarter. Quantum Capital Management grew its stake in STAAR Surgical by 45.8% during the first quarter. Quantum Capital Management now owns 72,655 shares of the medical instruments supplier’s stock worth $2,484,000 after buying an additional 22,809 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in STAAR Surgical during the first quarter worth about $186,000. Finally, Comerica Bank grew its stake in STAAR Surgical by 7.5% during the first quarter. Comerica Bank now owns 37,197 shares of the medical instruments supplier’s stock worth $1,377,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.

STAAR Surgical Company Profile

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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STAAR Surgical (NASDAQ:STAA) Posts Earnings Results, Beats Estimates By $0.06 EPS

Quantum Capital Management increased its position in STAAR Surgical by 45.8% during the 1st quarter. Quantum Capital Management now owns …

STAAR Surgical logoSTAAR Surgical (NASDAQ:STAA) announced its quarterly earnings data on Wednesday, May 1st. The medical instruments supplier reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06, RTT News reports. The company had revenue of $32.58 million for the quarter, compared to analysts’ expectations of $32.40 million. STAAR Surgical had a net margin of 4.44% and a return on equity of 13.22%. During the same quarter in the previous year, the company posted $0.01 EPS.

Shares of STAA stock traded down $0.04 during trading on Thursday, hitting $27.26. 264,231 shares of the company were exchanged, compared to its average volume of 447,169. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.83 and a current ratio of 5.41. The stock has a market cap of $1.11 billion, a P/E ratio of 97.36 and a beta of 2.02. STAAR Surgical has a twelve month low of $21.70 and a twelve month high of $54.00.

In related news, CTO Keith Holliday sold 2,084 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $36.22, for a total transaction of $75,482.48. Following the completion of the sale, the chief technology officer now directly owns 40,239 shares in the company, valued at $1,457,456.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Samuel J. Gesten sold 1,500 shares of STAAR Surgical stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $36.20, for a total transaction of $54,300.00. Following the completion of the sale, the insider now owns 36,816 shares of the company’s stock, valued at $1,332,739.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,730 shares of company stock valued at $655,538. 3.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of STAA. Great West Life Assurance Co. Can increased its position in STAAR Surgical by 46.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,172 shares of the medical instruments supplier’s stock worth $176,000 after buying an additional 1,649 shares during the period. Cadence Capital Management LLC increased its position in STAAR Surgical by 66.7% during the 1st quarter. Cadence Capital Management LLC now owns 113,410 shares of the medical instruments supplier’s stock worth $3,877,000 after buying an additional 45,387 shares during the period. Quantum Capital Management increased its position in STAAR Surgical by 45.8% during the 1st quarter. Quantum Capital Management now owns 72,655 shares of the medical instruments supplier’s stock worth $2,484,000 after buying an additional 22,809 shares during the period. Victory Capital Management Inc. bought a new position in STAAR Surgical during the 1st quarter worth $186,000. Finally, Comerica Bank increased its position in shares of STAAR Surgical by 7.5% in the first quarter. Comerica Bank now owns 37,197 shares of the medical instruments supplier’s stock worth $1,377,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 90.99% of the company’s stock.

STAA has been the topic of several recent research reports. BidaskClub raised shares of STAAR Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Zacks Investment Research cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. ValuEngine cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of STAAR Surgical in a report on Monday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. STAAR Surgical presently has an average rating of “Buy” and a consensus price target of $40.33.

TRADEMARK VIOLATION NOTICE: This piece was first published by Tech Know Bits and is the sole property of of Tech Know Bits. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://techknowbits.com/2019/05/09/staar-surgical-staa-releases-quarterly-earnings-results-beats-expectations-by-0-06-eps.html.

About STAAR Surgical

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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Earnings History for STAAR Surgical (NASDAQ:STAA)

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STAAR Surgical (NASDAQ:STAA) Releases Earnings Results, Beats Expectations By $0.06 EPS

Quantum Capital Management lifted its position in shares of STAAR Surgical by 45.8% during the first quarter. Quantum Capital Management now …

STAAR Surgical logoSTAAR Surgical (NASDAQ:STAA) announced its quarterly earnings data on Wednesday, May 1st. The medical instruments supplier reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06, RTT News reports. The company had revenue of $32.58 million during the quarter, compared to analysts’ expectations of $32.40 million. STAAR Surgical had a net margin of 4.44% and a return on equity of 13.22%. During the same quarter in the prior year, the company earned $0.01 EPS.

Shares of STAAR Surgical stock traded down $0.04 on Thursday, hitting $27.26. 281,505 shares of the company traded hands, compared to its average volume of 447,169. STAAR Surgical has a 52 week low of $21.70 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.83. The stock has a market cap of $1.11 billion, a P/E ratio of 97.21 and a beta of 2.02.

A number of brokerages have recently issued reports on STAA. Zacks Investment Research downgraded shares of STAAR Surgical from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. BidaskClub upgraded shares of STAAR Surgical from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. ValuEngine cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $38.00 price objective (down previously from $43.00) on shares of STAAR Surgical in a research note on Monday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. STAAR Surgical presently has a consensus rating of “Buy” and a consensus price target of $40.33.

In other STAAR Surgical news, CTO Keith Holliday sold 3,125 shares of STAAR Surgical stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $38.89, for a total transaction of $121,531.25. Following the completion of the transaction, the chief technology officer now directly owns 40,239 shares of the company’s stock, valued at $1,564,894.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Broadwood Partners, L.P. acquired 100,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $22.23 per share, with a total value of $2,223,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 17,730 shares of company stock valued at $655,538. 3.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its position in shares of STAAR Surgical by 46.8% during the first quarter. Great West Life Assurance Co. Can now owns 5,172 shares of the medical instruments supplier’s stock worth $176,000 after purchasing an additional 1,649 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of STAAR Surgical by 66.7% during the first quarter. Cadence Capital Management LLC now owns 113,410 shares of the medical instruments supplier’s stock worth $3,877,000 after purchasing an additional 45,387 shares during the last quarter. Quantum Capital Management lifted its position in shares of STAAR Surgical by 45.8% during the first quarter. Quantum Capital Management now owns 72,655 shares of the medical instruments supplier’s stock worth $2,484,000 after purchasing an additional 22,809 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of STAAR Surgical during the first quarter worth $186,000. Finally, Comerica Bank lifted its position in shares of STAAR Surgical by 7.5% during the first quarter. Comerica Bank now owns 37,197 shares of the medical instruments supplier’s stock worth $1,377,000 after purchasing an additional 2,600 shares during the last quarter. 90.99% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “STAAR Surgical (NASDAQ:STAA) Releases Earnings Results, Beats Expectations By $0.06 EPS” was originally reported by Mayfield Recorder and is owned by of Mayfield Recorder. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://mayfieldrecorder.com/2019/05/09/staar-surgical-staa-announces-earnings-results.html.

STAAR Surgical Company Profile

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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Earnings History for STAAR Surgical (NASDAQ:STAA)

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Legal & General Group Plc Has $243000 Position in STAAR Surgical (STAA)

Man Group plc bought a new stake in shares of STAAR Surgical in the third quarter valued at about $2,150,000. MetLife Investment Advisors LLC lifted …

STAAR Surgical logoLegal & General Group Plc increased its position in STAAR Surgical (NASDAQ:STAA) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,616 shares of the medical instruments supplier’s stock after acquiring an additional 857 shares during the quarter. Legal & General Group Plc’s holdings in STAAR Surgical were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Credit Suisse AG lifted its stake in shares of STAAR Surgical by 6.7% in the third quarter. Credit Suisse AG now owns 31,222 shares of the medical instruments supplier’s stock valued at $1,499,000 after buying an additional 1,959 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of STAAR Surgical in the third quarter valued at about $2,776,000. Man Group plc bought a new stake in shares of STAAR Surgical in the third quarter valued at about $2,150,000. MetLife Investment Advisors LLC lifted its stake in shares of STAAR Surgical by 57.5% in the third quarter. MetLife Investment Advisors LLC now owns 30,586 shares of the medical instruments supplier’s stock valued at $1,468,000 after buying an additional 11,167 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in shares of STAAR Surgical in the third quarter valued at about $302,000. 89.87% of the stock is owned by institutional investors.

STAA has been the subject of several research reports. Zacks Investment Research cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. BidaskClub cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Finally, ValuEngine cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.25.

Shares of STAA opened at $33.01 on Tuesday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 117.89 and a beta of 2.10. STAAR Surgical has a 12 month low of $16.05 and a 12 month high of $54.00.

STAAR Surgical (NASDAQ:STAA) last announced its quarterly earnings results on Thursday, February 21st. The medical instruments supplier reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $31.19 million during the quarter, compared to analysts’ expectations of $31.20 million. STAAR Surgical had a net margin of 4.01% and a return on equity of 13.86%. On average, equities analysts expect that STAAR Surgical will post 0.3 EPS for the current year.

In other STAAR Surgical news, CTO Keith Holliday sold 2,084 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $36.22, for a total transaction of $75,482.48. Following the completion of the transaction, the chief technology officer now owns 40,239 shares in the company, valued at $1,457,456.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Deborah J. Andrews sold 833 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $38.88, for a total transaction of $32,387.04. Following the transaction, the chief financial officer now owns 37,268 shares of the company’s stock, valued at approximately $1,448,979.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,730 shares of company stock valued at $655,538. Corporate insiders own 3.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Legal & General Group Plc Has $243,000 Position in STAAR Surgical (STAA)” was reported by Finance Daily and is the property of of Finance Daily. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.fidaily.com/2019/04/30/legal-general-group-plc-has-243000-position-in-staar-surgical-staa.html.

STAAR Surgical Company Profile

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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Want to see what other hedge funds are holding STAA?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STAAR Surgical (NASDAQ:STAA).

Institutional Ownership by Quarter for STAAR Surgical (NASDAQ:STAA)

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STAAR Surgical (NASDAQ:STAA) Holdings Cut by Millennium Management LLC

Millennium Management LLC decreased its stake in STAAR Surgical (NASDAQ:STAA) by 49.7% during the 4th quarter, according to the company in …

STAAR Surgical logoMillennium Management LLC decreased its stake in STAAR Surgical (NASDAQ:STAA) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 494,011 shares of the medical instruments supplier’s stock after selling 488,482 shares during the quarter. Millennium Management LLC owned approximately 1.12% of STAAR Surgical worth $15,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in STAAR Surgical by 12.7% during the 4th quarter. Legal & General Group Plc now owns 7,616 shares of the medical instruments supplier’s stock valued at $243,000 after acquiring an additional 857 shares in the last quarter. Gotham Asset Management LLC increased its holdings in STAAR Surgical by 31.3% during the 4th quarter. Gotham Asset Management LLC now owns 31,755 shares of the medical instruments supplier’s stock valued at $1,013,000 after acquiring an additional 7,568 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in STAAR Surgical by 343.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,415 shares of the medical instruments supplier’s stock valued at $460,000 after acquiring an additional 11,167 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in STAAR Surgical by 20.0% during the 4th quarter. Nuveen Asset Management LLC now owns 29,220 shares of the medical instruments supplier’s stock valued at $932,000 after acquiring an additional 4,878 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in STAAR Surgical by 27.6% during the 4th quarter. Squarepoint Ops LLC now owns 34,458 shares of the medical instruments supplier’s stock valued at $1,100,000 after acquiring an additional 7,458 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

In other STAAR Surgical news, CEO Caren L. Mason sold 7,500 shares of STAAR Surgical stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $36.25, for a total value of $271,875.00. Following the completion of the transaction, the chief executive officer now owns 44,013 shares of the company’s stock, valued at $1,595,471.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Samuel J. Gesten sold 1,500 shares of STAAR Surgical stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $36.20, for a total transaction of $54,300.00. Following the completion of the transaction, the insider now directly owns 36,816 shares of the company’s stock, valued at approximately $1,332,739.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,730 shares of company stock valued at $655,538. Insiders own 3.90% of the company’s stock.

Several research firms have weighed in on STAA. BidaskClub upgraded shares of STAAR Surgical from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. ValuEngine cut shares of STAAR Surgical from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 21st. Zacks Investment Research cut shares of STAAR Surgical from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, TheStreet cut shares of STAAR Surgical from a “b-” rating to a “c” rating in a research report on Friday, December 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. STAAR Surgical presently has a consensus rating of “Buy” and a consensus target price of $45.25.

Shares of STAA stock opened at $37.01 on Thursday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 132.18 and a beta of 2.10. STAAR Surgical has a fifty-two week low of $13.60 and a fifty-two week high of $54.00.

STAAR Surgical (NASDAQ:STAA) last posted its quarterly earnings data on Thursday, February 21st. The medical instruments supplier reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $31.19 million for the quarter, compared to analyst estimates of $31.20 million. STAAR Surgical had a net margin of 4.01% and a return on equity of 13.86%. Equities research analysts predict that STAAR Surgical will post 0.3 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.fairfieldcurrent.com/news/2019/04/11/millennium-management-llc-sells-488482-shares-of-staar-surgical-staa.html.

STAAR Surgical Profile

STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and delivery systems to deliver the lenses into the eye. The company provides Visian implantable collamer lenses (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia; and Hyperopic ICL, which treats far-sightedness.

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Institutional Ownership by Quarter for STAAR Surgical (NASDAQ:STAA)

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