AveXis, Inc. (AVXS) Holdings Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its position in AveXis, Inc. (NASDAQ:AVXS) by 1,001.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,732 shares of the company’s stock after acquiring an additional 2,484 shares during the period. BNP Paribas Arbitrage SA’s holdings in AveXis were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in AveXis in the first quarter valued at approximately $117,000. Botty Investors LLC acquired a new stake in AveXis in the second quarter valued at approximately $123,000. Virginia Retirement Systems ET AL acquired a new stake in AveXis in the first quarter valued at approximately $205,000. Seven Bridges Advisors LLC boosted its stake in AveXis by 49.4% in the second quarter. Seven Bridges Advisors LLC now owns 2,557 shares of the company’s stock valued at $210,000 after acquiring an additional 846 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in AveXis by 9.0% in the first quarter. Nationwide Fund Advisors now owns 3,444 shares of the company’s stock valued at $262,000 after acquiring an additional 284 shares in the last quarter. Institutional investors own 94.71% of the company’s stock.
AveXis, Inc. (NASDAQ AVXS) opened at 92.11 on Friday. The firm has a 50 day moving average of $93.16 and a 200-day moving average of $80.70. AveXis, Inc. has a 12-month low of $38.46 and a 12-month high of $99.45. The stock’s market cap is $2.94 billion.
AveXis (NASDAQ:AVXS) last issued its earnings results on Thursday, August 10th. The company reported ($2.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.97) by ($1.10). During the same quarter last year, the business posted ($0.68) EPS. On average, analysts expect that AveXis, Inc. will post ($6.04) earnings per share for the current year.
Several brokerages have weighed in on AVXS. Jefferies Group LLC restated a “buy” rating and issued a $108.00 target price (up from $92.00) on shares of AveXis in a research note on Friday, August 11th. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of AveXis in a research note on Friday, August 11th. Morgan Stanley restated an “overweight” rating and issued a $118.00 target price on shares of AveXis in a research note on Wednesday, August 9th. Chardan Capital set a $103.00 target price on shares of AveXis and gave the company a “buy” rating in a research note on Sunday, June 18th. Finally, Evercore ISI began coverage on shares of AveXis in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $120.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.29.
In other news, VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $81.88, for a total value of $145,746.40. Following the completion of the transaction, the vice president now owns 1,780 shares in the company, valued at approximately $145,746.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 5,340 shares of company stock valued at $474,637. Company insiders own 18.60% of the company’s stock.
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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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