Natera Inc. (NTRA) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. increased its stake in Natera Inc. (NASDAQ:NTRA) by 246,355.4% during the second quarter, Holdings Channel reports. The institutional investor owned 276,030 shares of the company’s stock after buying an additional 275,918 shares during the period. JPMorgan Chase & Co. owned 0.54% of Natera worth $3,330,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Societe Generale acquired a new position in shares of Natera during the second quarter valued at about $139,000. SG Americas Securities LLC acquired a new position in shares of Natera during the second quarter valued at about $139,000. Alambic Investment Management L.P. increased its position in shares of Natera by 54.8% in the second quarter. Alambic Investment Management L.P. now owns 16,100 shares of the company’s stock valued at $194,000 after buying an additional 5,700 shares during the last quarter. Strs Ohio increased its position in shares of Natera by 10.8% in the second quarter. Strs Ohio now owns 25,600 shares of the company’s stock valued at $308,000 after buying an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Natera during the second quarter valued at about $330,000. Hedge funds and other institutional investors own 63.00% of the company’s stock.
Shares of Natera Inc. (NASDAQ:NTRA) traded down 1.42% during mid-day trading on Wednesday, hitting $10.09. 12,020 shares of the stock traded hands. Natera Inc. has a 12-month low of $6.52 and a 12-month high of $13.80. The stock’s market cap is $522.47 million. The firm’s 50 day moving average price is $10.65 and its 200-day moving average price is $11.21.
Natera (NASDAQ:NTRA) last issued its earnings results on Thursday, August 4th. The company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.02. The company had revenue of $52 million for the quarter, compared to analysts’ expectations of $50.64 million. Natera had a negative net margin of 34.23% and a negative return on equity of 39.38%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.40) earnings per share. Analysts predict that Natera Inc. will post ($1.73) earnings per share for the current year.
Several research analysts have issued reports on NTRA shares. TheStreet downgraded shares of Natera from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Morgan Stanley set a $20.00 price objective on shares of Natera and gave the stock a “buy” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Natera presently has a consensus rating of “Buy” and an average price target of $16.67.
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