Eagle Asset Management Inc. Raises Stake in AveXis, Inc. (AVXS)
Eagle Asset Management Inc. increased its position in shares of AveXis, Inc. (NASDAQ:AVXS) by 41.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,528 shares of the company’s stock after acquiring an additional 46,835 shares during the quarter. Eagle Asset Management Inc. owned about 0.50% of AveXis worth $15,180,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in AveXis by 13.1% in the second quarter. FMR LLC now owns 4,705,433 shares of the company’s stock valued at $386,598,000 after purchasing an additional 544,475 shares during the last quarter. BlackRock Inc. increased its holdings in AveXis by 34.7% in the second quarter. BlackRock Inc. now owns 2,301,229 shares of the company’s stock valued at $189,069,000 after purchasing an additional 592,843 shares during the last quarter. Vanguard Group Inc. increased its holdings in AveXis by 31.8% in the second quarter. Vanguard Group Inc. now owns 1,575,205 shares of the company’s stock valued at $129,419,000 after purchasing an additional 380,396 shares during the last quarter. State Street Corp increased its holdings in AveXis by 104.2% in the second quarter. State Street Corp now owns 1,000,001 shares of the company’s stock valued at $82,163,000 after purchasing an additional 510,189 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in AveXis in the second quarter valued at about $55,439,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.
In other AveXis news, VP Sukumar Nagendran sold 1,780 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $101.26, for a total value of $180,242.80. Following the completion of the sale, the vice president now directly owns 1,780 shares in the company, valued at $180,242.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian K. Kaspar sold 15,000 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $101.46, for a total value of $1,521,900.00. The disclosure for this sale can be found here. Insiders sold 33,560 shares of company stock valued at $3,393,698 over the last 90 days. Corporate insiders own 18.60% of the company’s stock.
Shares of AveXis, Inc. (NASDAQ AVXS) opened at $94.81 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 announced its quarterly earnings results on Thursday, November 9th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same period in the prior year, the company posted ($0.87) earnings per share. analysts predict that AveXis, Inc. will post -6.23 EPS for the current fiscal year.
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AveXis Company Profile
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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