Dimensional Fund Advisors LP Increases Position in Regenxbio Inc (RGNX)

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Dimensional Fund Advisors LP boosted its position in shares of Regenxbio Inc (NASDAQ:RGNX) by 157.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,713 shares of the biotechnology company’s stock after buying an additional 196,944 shares during the period. Dimensional Fund Advisors LP owned approximately 0.90% of Regenxbio worth $13,496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RGNX. NumerixS Investment Technologies Inc bought a new stake in shares of Regenxbio in the 4th quarter valued at approximately $50,000. Riverhead Capital Management LLC lifted its stake in shares of Regenxbio by 137.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 1,900 shares of the biotechnology company’s stock valued at $143,000 after purchasing an additional 1,100 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Regenxbio by 63.1% in the 4th quarter. LS Investment Advisors LLC now owns 2,260 shares of the biotechnology company’s stock valued at $95,000 after purchasing an additional 874 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Regenxbio by 31.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,578 shares of the biotechnology company’s stock valued at $109,000 after purchasing an additional 621 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Regenxbio in the 3rd quarter valued at approximately $227,000. 82.18% of the stock is owned by institutional investors.

Several research firms have recently issued reports on RGNX. BidaskClub lowered Regenxbio from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised Regenxbio from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 5th. Evercore ISI raised Regenxbio from an “in-line” rating to an “outperform” rating and set a $51.25 price objective for the company in a research note on Monday, February 25th. Zacks Investment Research lowered Regenxbio from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, Raymond James raised Regenxbio from an “outperform” rating to a “strong-buy” rating and set a $94.00 price objective for the company in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.97.

In related news, SVP Curran Simpson sold 43,832 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $50.08, for a total transaction of $2,195,106.56. Following the completion of the sale, the senior vice president now directly owns 47,950 shares of the company’s stock, valued at approximately $2,401,336. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vittal Vasista sold 3,068 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $60.01, for a total value of $184,110.68. Following the sale, the chief financial officer now directly owns 239,215 shares of the company’s stock, valued at $14,355,292.15. The disclosure for this sale can be found here. Insiders have sold a total of 94,200 shares of company stock valued at $4,965,802 over the last three months. 16.90% of the stock is owned by corporate insiders.

Shares of RGNX stock opened at $54.65 on Friday. Regenxbio Inc has a 52-week low of $35.65 and a 52-week high of $85.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.24 and a quick ratio of 15.24. The company has a market cap of $2.00 billion, a P/E ratio of 22.96 and a beta of 0.47.

Regenxbio (NASDAQ:RGNX) last issued its quarterly earnings results on Wednesday, February 27th. The biotechnology company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.43. Regenxbio had a return on equity of 22.33% and a net margin of 45.74%. Research analysts expect that Regenxbio Inc will post -3.22 EPS for the current year.

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Regenxbio Company Profile

REGENXBIO Inc, a clinical-stage biotechnology company, provides gene therapy product candidates to deliver genes to cells to address genetic defects or to enable cells in the body to produce therapeutic proteins or antibodies that are intended to impact disease. Its gene therapy product candidates are based on NAV Technology Platform, a proprietary adeno-associated virus (AAV) gene delivery platform.

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Institutional Ownership by Quarter for Regenxbio (NASDAQ:RGNX)

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