BlackRock Inc. Grows Holdings in Abeona Therapeutics Inc (ABEO)

BlackRock Inc. raised its holdings in shares of Abeona Therapeutics Inc (NASDAQ:ABEO) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,222,300 shares of the biopharmaceutical company’s stock after purchasing an additional 2,184 shares during the quarter. BlackRock Inc. owned 4.64% of Abeona Therapeutics worth $15,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ABEO. Parkside Advisors LLC increased its position in Abeona Therapeutics by 16.0% in the 4th quarter. Parkside Advisors LLC now owns 14,530 shares of the biopharmaceutical company’s stock valued at $104,000 after acquiring an additional 2,000 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Abeona Therapeutics by 178.9% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,237 shares of the biopharmaceutical company’s stock valued at $121,000 after purchasing an additional 11,698 shares during the period. SG Americas Securities LLC acquired a new position in shares of Abeona Therapeutics during the 3rd quarter valued at $235,000. Man Group plc acquired a new position in shares of Abeona Therapeutics during the 3rd quarter valued at $267,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Abeona Therapeutics during the 4th quarter valued at $198,000. Hedge funds and other institutional investors own 67.72% of the company’s stock.

ABEO traded down $0.10 during trading on Thursday, reaching $7.77. 297,430 shares of the stock traded hands, compared to its average volume of 387,752. The stock has a market cap of $373.68 million, a price-to-earnings ratio of -6.53 and a beta of 1.92. Abeona Therapeutics Inc has a fifty-two week low of $6.26 and a fifty-two week high of $21.45.

Abeona Therapeutics (NASDAQ:ABEO) last released its quarterly earnings data on Monday, March 18th. The biopharmaceutical company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.06. Abeona Therapeutics had a negative return on equity of 35.20% and a negative net margin of 960.91%. The firm had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $1.66 million. As a group, research analysts forecast that Abeona Therapeutics Inc will post -1.47 earnings per share for the current year.

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald set a $29.00 price target on Abeona Therapeutics and gave the company a “buy” rating in a research report on Tuesday, March 19th. ValuEngine upgraded Abeona Therapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. BidaskClub upgraded Abeona Therapeutics from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded Abeona Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Abeona Therapeutics in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.00.

In related news, Director Stephen B. Howell purchased 4,000 shares of Abeona Therapeutics stock in a transaction on Monday, April 8th. The stock was bought at an average price of $7.77 per share, with a total value of $31,080.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $46,620. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stefano Buono acquired 70,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was acquired at an average price of $7.80 per share, for a total transaction of $546,000.00. Following the completion of the purchase, the director now directly owns 20,980 shares of the company’s stock, valued at approximately $163,644. The disclosure for this purchase can be found here. 33.60% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/09/blackrock-inc-boosts-holdings-in-abeona-therapeutics-inc-abeo.html.

Abeona Therapeutics Profile

Abeona Therapeutics Inc, a clinical-stage biopharmaceutical company, focuses on developing and delivering gene therapy products for severe and life-threatening rare diseases. The company's lead programs are EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB); ABO-102, which are AAV based gene therapies for Sanfilippo syndrome type A; and ABO-101, an adeno-associated virus (AAV) based gene therapies for Sanfilippo syndrome type B.

Featured Article: Quiet Period Expirations Explained

Institutional Ownership by Quarter for Abeona Therapeutics (NASDAQ:ABEO)

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