Renaissance Technologies LLC Sells 630,800 Shares of BioTime, Inc. (BTX)
Renaissance Technologies LLC decreased its stake in BioTime, Inc. (NYSEAMERICAN:BTX) by 81.2% during the second quarter, Holdings Channel reports. The institutional investor owned 145,600 shares of the biotechnology company’s stock after selling 630,800 shares during the quarter. Renaissance Technologies LLC’s holdings in BioTime were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Bank of New York Mellon Corp boosted its position in BioTime by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 744,554 shares of the biotechnology company’s stock worth $1,534,000 after purchasing an additional 33,350 shares in the last quarter.
Separately, Zacks Investment Research upgraded BioTime from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, August 8th.
BioTime (NYSEAMERICAN:BTX) last issued its quarterly earnings results on Thursday, November 8th. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $0.98 million during the quarter, compared to the consensus estimate of $0.75 million.
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BioTime, Inc, a clinical-stage biotechnology company, focuses on developing and commercializing products addressing degenerative diseases based on pluripotent stem cells and HyStem cell/drug delivery platform technologies primarily in the United States and Israel. The company's lead product candidates include OpRegen, a retinal pigment epithelium cell replacement therapy, which is in Phase I/IIa multicenter trial for the treatment of the dry age-related macular degeneration; and Renevia, a facial aesthetics product that is in pivotal clinical trial for the treatment of HIV-associated facial lipoatrophy.
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