American Century Companies Inc. Acquires New Stake in Intellia Therapeutics, Inc. (NTLA)
American Century Companies Inc. acquired a new position in Intellia Therapeutics, Inc. (NASDAQ:NTLA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,423 shares of the company’s stock, valued at approximately $583,000. American Century Companies Inc. owned 0.10% of Intellia Therapeutics as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its position in shares of Intellia Therapeutics by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 26,903 shares of the company’s stock worth $380,000 after acquiring an additional 1,539 shares during the period. Bank of New York Mellon Corp raised its position in shares of Intellia Therapeutics by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 31,676 shares of the company’s stock worth $446,000 after acquiring an additional 1,682 shares during the period. Geode Capital Management LLC raised its position in shares of Intellia Therapeutics by 6.0% in the first quarter. Geode Capital Management LLC now owns 76,095 shares of the company’s stock worth $1,072,000 after acquiring an additional 4,291 shares during the period. SG Americas Securities LLC acquired a new position in shares of Intellia Therapeutics in the second quarter worth about $101,000. Finally, Bank of Montreal Can raised its position in shares of Intellia Therapeutics by 1,031.7% in the second quarter. Bank of Montreal Can now owns 7,922 shares of the company’s stock worth $127,000 after acquiring an additional 7,222 shares during the period. Institutional investors and hedge funds own 46.52% of the company’s stock.
A number of brokerages have weighed in on NTLA. Barclays PLC began coverage on shares of Intellia Therapeutics in a research report on Wednesday, September 6th. They issued an “overweight” rating and a $29.00 price objective for the company. Chardan Capital downgraded shares of Intellia Therapeutics from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Tuesday, August 29th. Cann reiterated a “hold” rating on shares of Intellia Therapeutics in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. began coverage on shares of Intellia Therapeutics in a research report on Tuesday, July 18th. They issued a “market perform” rating for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Intellia Therapeutics in a research report on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.43.
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In other Intellia Therapeutics news, major shareholder Venture Fund Ix L.P. Atlas sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $16.24, for a total value of $2,436,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.80% of the company’s stock.
Shares of Intellia Therapeutics, Inc. (NASDAQ:NTLA) opened at 22.81 on Tuesday. Intellia Therapeutics, Inc. has a 1-year low of $10.83 and a 1-year high of $23.58. The stock’s market cap is $823.71 million. The stock’s 50 day moving average is $22.13 and its 200-day moving average is $20.95.
Intellia Therapeutics (NASDAQ:NTLA) last released its earnings results on Thursday, August 3rd. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.03). The firm had revenue of $5.90 million during the quarter, compared to the consensus estimate of $5.83 million. Intellia Therapeutics had a negative net margin of 204.48% and a negative return on equity of 22.70%. The business’s revenue for the quarter was up 40.5% on a year-over-year basis. On average, analysts predict that Intellia Therapeutics, Inc. will post ($1.78) EPS for the current fiscal year.
About Intellia Therapeutics
Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.
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