AxoGen, Inc. (AXGN) Shares Sold by Gilder Gagnon Howe & Co. LLC
Gilder Gagnon Howe & Co. LLC cut its holdings in shares of AxoGen, Inc. (NASDAQ:AXGN) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 564,038 shares of the medical equipment provider’s stock after selling 4,086 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 1.69% of AxoGen worth $10,914,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AXGN. Thompson Davis & CO. Inc. raised its stake in shares of AxoGen by 575.0% in the second quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the medical equipment provider’s stock valued at $113,000 after purchasing an additional 5,750 shares in the last quarter. Bank of America Corp DE raised its stake in shares of AxoGen by 8.7% in the first quarter. Bank of America Corp DE now owns 10,183 shares of the medical equipment provider’s stock valued at $106,000 after purchasing an additional 814 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of AxoGen by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 10,843 shares of the medical equipment provider’s stock valued at $113,000 after purchasing an additional 93 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of AxoGen in the second quarter valued at $201,000. Finally, Nationwide Fund Advisors raised its stake in shares of AxoGen by 5.5% in the second quarter. Nationwide Fund Advisors now owns 14,874 shares of the medical equipment provider’s stock valued at $249,000 after purchasing an additional 774 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.
AxoGen, Inc. (AXGN) remained flat at $$24.80 during trading on Wednesday. The company’s stock had a trading volume of 148,900 shares, compared to its average volume of 200,010. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.95 and a current ratio of 3.55. AxoGen, Inc. has a 52 week low of $8.05 and a 52 week high of $25.15.
AxoGen (NASDAQ:AXGN) last released its quarterly earnings data on Wednesday, November 1st. The medical equipment provider reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). AxoGen had a negative return on equity of 91.00% and a negative net margin of 24.74%. The firm had revenue of $16.05 million during the quarter, compared to analyst estimates of $15.55 million. AxoGen’s quarterly revenue was up 43.2% compared to the same quarter last year. equities analysts anticipate that AxoGen, Inc. will post -0.31 EPS for the current fiscal year.
In other AxoGen news, Director Robert James Rudelius sold 16,143 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $18.00, for a total transaction of $290,574.00. Following the completion of the transaction, the director now directly owns 43,273 shares in the company, valued at $778,914. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.33% of the company’s stock.
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A number of research analysts recently commented on AXGN shares. BidaskClub lowered AxoGen from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Roth Capital restated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of AxoGen in a research note on Tuesday, September 12th. Leerink Swann started coverage on AxoGen in a research note on Monday, July 31st. They issued an “outperform” rating and a $22.00 target price for the company. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $18.00 target price on shares of AxoGen in a research note on Monday, August 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.00.
AxoGen Company Profile
AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The companys surgical nerve repair solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.
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