Two Sigma Advisers LP grew its stake in AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) by 214.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 290,738 shares of the biopharmaceutical company’s stock after buying an additional 198,338 shares during the quarter. Two Sigma Advisers LP owned 0.25% of AVEO Pharmaceuticals worth $811,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Emory University acquired a new position in shares of AVEO Pharmaceuticals in the 4th quarter valued at about $1,682,000. California Public Employees Retirement System lifted its holdings in shares of AVEO Pharmaceuticals by 360.6% in the 4th quarter. California Public Employees Retirement System now owns 153,845 shares of the biopharmaceutical company’s stock valued at $429,000 after buying an additional 120,445 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of AVEO Pharmaceuticals by 34.1% in the 4th quarter. Essex Investment Management Co. LLC now owns 202,004 shares of the biopharmaceutical company’s stock valued at $564,000 after purchasing an additional 51,384 shares in the last quarter. X Square Capital LLC purchased a new position in shares of AVEO Pharmaceuticals in the 4th quarter valued at about $557,000. Finally, Prosight Management LP purchased a new position in shares of AVEO Pharmaceuticals in the 4th quarter valued at about $2,951,000. 51.58% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Peter J. Barris acquired 920,976 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was bought at an average cost of $2.30 per share, for a total transaction of $2,118,244.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Ravi Viswanathan acquired 685,676 shares of the business’s stock in a transaction on Friday, April 6th. The shares were purchased at an average price of $2.24 per share, with a total value of $1,535,914.24. The disclosure for this purchase can be found here. 4.70% of the stock is currently owned by insiders.
Several equities analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $5.00 price target on shares of AVEO Pharmaceuticals in a research note on Tuesday, January 16th. BidaskClub upgraded AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research upgraded AVEO Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. AVEO Pharmaceuticals presently has an average rating of “Hold” and an average price target of $4.05.
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AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc, a biopharmaceutical company, develops targeted therapies for cancer and related diseases. The company's pipeline of product candidates include Tivozanib, a vascular endothelial growth factor (VEGF) to optimize VEGF blockade; Ficlatuzumab, a hepatocyte growth factor (HGF) inhibitory antibody, which has completed Phase II trial that inhibits the activity of the HGF/c-Met pathway; and AV-203, an anti-ErbB3 specific monoclonal antibody that has completed a Phase I dose escalation study.
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