Northern Trust Corp boosted its holdings in Organovo Holdings, Inc. (NASDAQ:ONVO) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,199,998 shares of the medical research company’s stock after acquiring an additional 24,408 shares during the quarter. Northern Trust Corp’s holdings in Organovo Holdings were worth $3,156,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Organovo Holdings by 8.5% in the first quarter. Vanguard Group Inc. now owns 4,250,017 shares of the medical research company’s stock valued at $13,515,000 after buying an additional 333,034 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Organovo Holdings by 15.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 68,487 shares of the medical research company’s stock valued at $218,000 after buying an additional 8,958 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Organovo Holdings by 40.9% in the second quarter. Teachers Advisors LLC now owns 235,489 shares of the medical research company’s stock valued at $619,000 after buying an additional 68,412 shares in the last quarter. American International Group Inc. increased its position in shares of Organovo Holdings by 7.9% in the first quarter. American International Group Inc. now owns 53,431 shares of the medical research company’s stock valued at $170,000 after buying an additional 3,920 shares in the last quarter. Finally, State of Wisconsin Investment Board purchased a new position in shares of Organovo Holdings in the second quarter valued at $196,000. Hedge funds and other institutional investors own 26.84% of the company’s stock.

Shares of Organovo Holdings, Inc. (NASDAQ:ONVO) opened at $1.52 on Friday. Organovo Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $4.08.

Organovo Holdings (NASDAQ:ONVO) last posted its quarterly earnings data on Thursday, November 9th. The medical research company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.36 million for the quarter, compared to analyst estimates of $1.38 million. Organovo Holdings had a negative return on equity of 65.63% and a negative net margin of 923.89%. The company’s revenue was down 1.4% on a year-over-year basis. equities research analysts forecast that Organovo Holdings, Inc. will post -0.36 EPS for the current year.

A number of research analysts have recently weighed in on the company. Citigroup Inc. cut Organovo Holdings to a “market perform” rating in a research report on Friday, November 10th. BTIG Research restated a “buy” rating and issued a $3.00 price target on shares of Organovo Holdings in a research report on Thursday, November 16th. Jefferies Group LLC restated a “buy” rating and issued a $4.00 price target on shares of Organovo Holdings in a research report on Thursday, September 14th. Raymond James Financial, Inc. cut Organovo Holdings from an “outperform” rating to a “market perform” rating and set a $5.00 price target for the company. in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Organovo Holdings from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.60.

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About Organovo Holdings

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Institutional Ownership by Quarter for Organovo Holdings (NASDAQ:ONVO)

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