84,550 Shares in Organovo Holdings, Inc. (NASDAQ:ONVO) Acquired by Trent Capital Management Inc. NC

Trent Capital Management Inc. NC purchased a new stake in Organovo Holdings, Inc. (NASDAQ:ONVO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 84,550 shares of the company’s stock, valued at approximately $222,000. Organovo Holdings makes up about 0.3% of Trent Capital Management Inc. NC’s portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ONVO. American International Group Inc. boosted its position in Organovo Holdings by 7.9% in the first quarter. American International Group Inc. now owns 53,431 shares of the company’s stock valued at $170,000 after buying an additional 3,920 shares during the last quarter. Nationwide Fund Advisors boosted its position in Organovo Holdings by 12.7% in the first quarter. Nationwide Fund Advisors now owns 60,565 shares of the company’s stock valued at $193,000 after buying an additional 6,802 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Organovo Holdings by 15.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 68,487 shares of the company’s stock valued at $218,000 after buying an additional 8,958 shares during the last quarter. Bank of America Corp DE boosted its position in Organovo Holdings by 34.0% in the first quarter. Bank of America Corp DE now owns 35,311 shares of the company’s stock valued at $113,000 after buying an additional 8,967 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in Organovo Holdings by 25.5% in the first quarter. Sigma Planning Corp now owns 84,690 shares of the company’s stock valued at $269,000 after buying an additional 17,200 shares during the last quarter. 22.77% of the stock is currently owned by hedge funds and other institutional investors.

Organovo Holdings, Inc. (ONVO) opened at 2.08 on Thursday. Organovo Holdings, Inc. has a 12 month low of $2.04 and a 12 month high of $4.67. The company has a 50-day moving average of $2.48 and a 200 day moving average of $2.87.

Organovo Holdings (NASDAQ:ONVO) last announced its quarterly earnings data on Wednesday, June 7th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $0.80 million for the quarter, compared to the consensus estimate of $0.76 million. Organovo Holdings had a negative net margin of 908.91% and a negative return on equity of 63.92%. Organovo Holdings’s revenue was up 700.0% compared to the same quarter last year. Equities analysts expect that Organovo Holdings, Inc. will post ($0.39) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “84,550 Shares in Organovo Holdings, Inc. (NASDAQ:ONVO) Acquired by Trent Capital Management Inc. NC” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2796340/84550-shares-in-organovo-holdings-inc-nasdaqonvo-acquired-by-trent-capital-management-inc-nc.html.

Several research firms have recently weighed in on ONVO. Zacks Investment Research raised shares of Organovo Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $4.00 price target (down previously from $4.50) on shares of Organovo Holdings in a report on Thursday, June 8th. BidaskClub cut shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $3.75 price target (down previously from $4.00) on shares of Organovo Holdings in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $6.20.

About Organovo Holdings

Want to see what other hedge funds are holding ONVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Organovo Holdings, Inc. (NASDAQ:ONVO).

Institutional Ownership by Quarter for Organovo Holdings (NASDAQ:ONVO)

Receive News & Ratings for Organovo Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Organovo Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.