Parametric Portfolio Associates LLC Increases Stake in AveXis, Inc. (AVXS)
Parametric Portfolio Associates LLC lifted its holdings in AveXis, Inc. (NASDAQ:AVXS) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,943 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Parametric Portfolio Associates LLC owned 0.08% of AveXis worth $1,721,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in AVXS. UBS Asset Management Americas Inc. bought a new stake in shares of AveXis in the first quarter worth $297,000. American International Group Inc. lifted its position in shares of AveXis by 26.7% in the first quarter. American International Group Inc. now owns 3,521 shares of the company’s stock worth $268,000 after purchasing an additional 742 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of AveXis by 2.6% in the first quarter. Teachers Advisors LLC now owns 54,217 shares of the company’s stock worth $4,122,000 after purchasing an additional 1,387 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of AveXis by 11.7% in the first quarter. Vanguard Group Inc. now owns 1,194,809 shares of the company’s stock worth $90,841,000 after purchasing an additional 124,750 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AveXis by 2.9% in the first quarter. Geode Capital Management LLC now owns 127,512 shares of the company’s stock worth $9,694,000 after purchasing an additional 3,575 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
In other AveXis news, insider Brian K. Kaspar sold 15,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $101.46, for a total value of $1,521,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $97.25, for a total transaction of $173,105.00. Following the completion of the transaction, the vice president now owns 1,780 shares in the company, valued at $173,105. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,340 shares of company stock worth $3,559,683. Corporate insiders own 18.60% of the company’s stock.
AveXis, Inc. (NASDAQ:AVXS) opened at $95.79 on Friday. AveXis, Inc. has a fifty-two week low of $44.68 and a fifty-two week high of $108.27.
AveXis (NASDAQ:AVXS) last released its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.48) by ($0.04). During the same quarter in the previous year, the business posted ($0.87) EPS. equities research analysts expect that AveXis, Inc. will post -5.55 earnings per share for the current fiscal year.
A number of analysts have recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of AveXis in a research report on Thursday, July 27th. They issued an “outperform” rating and a $108.00 price objective on the stock. Royal Bank Of Canada restated a “hold” rating and set a $92.00 target price on shares of AveXis in a report on Thursday, November 2nd. Bank of America Corporation lowered their target price on shares of AveXis from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Friday. Evercore ISI assumed coverage on shares of AveXis in a report on Wednesday, August 16th. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Chardan Capital restated a “buy” rating and set a $130.00 target price (up from $102.50) on shares of AveXis in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. AveXis currently has an average rating of “Buy” and an average price target of $108.26.
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AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.
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