RTW Investments LP Acquires New Position in Polarityte Inc (COOL)

RTW Investments LP acquired a new stake in shares of Polarityte Inc (NASDAQ:COOL) during the second quarter, HoldingsChannel reports. The fund acquired 426,670 shares of the company’s stock, valued at approximately $10,044,000. Polarityte comprises about 0.7% of RTW Investments LP’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COOL. DSAM Partners London Ltd bought a new position in Polarityte during the 2nd quarter valued at $19,178,000. FMR LLC acquired a new stake in shares of Polarityte during the second quarter worth $17,202,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Polarityte by 483.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 859,354 shares of the company’s stock worth $20,229,000 after purchasing an additional 712,151 shares during the period. BlackRock Inc. raised its holdings in shares of Polarityte by 3,211.3% during the second quarter. BlackRock Inc. now owns 714,059 shares of the company’s stock worth $16,809,000 after purchasing an additional 692,495 shares during the period. Finally, Kavi Asset Management LP acquired a new stake in shares of Polarityte during the second quarter worth $683,000. Hedge funds and other institutional investors own 43.14% of the company’s stock.

Shares of NASDAQ:COOL opened at $24.46 on Friday. The firm has a market cap of $535.87 million, a price-to-earnings ratio of -0.92 and a beta of 1.11. Polarityte Inc has a 1-year low of $15.21 and a 1-year high of $41.22.

Polarityte (NASDAQ:COOL) last issued its earnings results on Thursday, June 14th. The company reported ($1.47) earnings per share for the quarter. sell-side analysts anticipate that Polarityte Inc will post -3.84 EPS for the current fiscal year.

In other Polarityte news, Director Peter A. Cohen bought 6,000 shares of the company’s stock in a transaction on Wednesday, July 25th. The shares were bought at an average cost of $23.20 per share, with a total value of $139,200.00. Following the completion of the acquisition, the director now owns 45,000 shares of the company’s stock, valued at $1,044,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 43.30% of the stock is currently owned by corporate insiders.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Polarityte from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. Zacks Investment Research raised shares of Polarityte from a “sell” rating to a “hold” rating in a report on Monday, August 27th. ValuEngine cut shares of Polarityte from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Cantor Fitzgerald dropped their target price on shares of Polarityte from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, June 12th.

Polarityte Profile

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

Featured Story: Google Finance Portfolio Tips and Tricks

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

Institutional Ownership by Quarter for Polarityte (NASDAQ:COOL)

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

Leave a Reply