California State Teachers Retirement System decreased its stake in shares of Organovo Holdings Inc. (NASDAQ:ONVO) by 6.3% during the second quarter, Holdings Channel reports. The institutional investor owned 180,536 shares of the company’s stock after selling 12,159 shares during the period. California State Teachers Retirement System owned 0.20% of Organovo Holdings worth $672,000 as of its most recent SEC filing.
Separately, Bank of New York Mellon Corp boosted its position in 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. 19.11% of the stock is owned by institutional investors.
Organovo Holdings Inc. (NASDAQ:ONVO) traded down 0.658% during midday trading on Tuesday, hitting $3.775. 267,775 shares of the stock traded hands. The company has a 50-day moving average of $3.99 and a 200-day moving average of $3.35. Organovo Holdings Inc. has a 12 month low of $1.60 and a 12 month high of $4.99.
Organovo Holdings (NASDAQ:ONVO) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Organovo Holdings had a negative return on equity of 59.27% and a negative net margin of 1,878.68%. Equities analysts anticipate that Organovo Holdings Inc. will post ($0.42) earnings per share for the current fiscal year.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Organovo Holdings from a “sell” rating to a “hold” rating and set a $5.25 target price on the stock in a research note on Wednesday, August 10th. Jefferies Group restated a “buy” rating and set a $4.50 target price (up previously from $4.00) on shares of Organovo Holdings in a research note on Thursday, July 21st.
In other news, EVP Eric David sold 20,000 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $4.55, for a total transaction of $91,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.50% of the company’s stock.
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