Swiss National Bank Holds Stake in Organovo Holdings Inc. (ONVO)
Swiss National Bank continued to hold its position in Organovo Holdings Inc. (NASDAQ:ONVO) during the second quarter, Holdings Channel reports. The institutional investor owned 148,122 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.16% of Organovo Holdings worth $551,000 at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp increased its position in shares of Organovo Holdings by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 377,437 shares of the company’s stock valued at $1,404,000 after buying an additional 14,315 shares in the last quarter. Institutional investors and hedge funds own 19.11% of the company’s stock.
Shares of Organovo Holdings Inc. (NASDAQ:ONVO) traded down 0.53% during trading on Friday, reaching $3.76. 577,141 shares of the company’s stock traded hands. The company has a 50 day moving average price of $3.91 and a 200-day moving average price of $3.44. Organovo Holdings Inc. has a one year low of $1.60 and a one year high of $4.99.
Organovo Holdings (NASDAQ:ONVO) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Organovo Holdings had a negative net margin of 1,878.68% and a negative return on equity of 59.27%. Equities analysts anticipate that Organovo Holdings Inc. will post ($0.42) earnings per share for the current fiscal year.
ONVO has been the topic of several analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $4.50 price target (up previously from $4.00) on shares of Organovo Holdings in a report on Thursday, July 21st. Zacks Investment Research downgraded shares of Organovo Holdings from a “buy” rating to a “hold” rating in a report on Thursday, October 6th.
In other news, EVP Eric David sold 20,000 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $4.55, for a total transaction of $91,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.50% of the company’s stock.
About Organovo Holdings
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