As of the second quarter, DnB Asset Management AS has increased its holdings in Cryoport, Inc. by 17.9%. According to their recent 13F filing with the Securities and Exchange Commission (SEC), the fund now owns 66,353 shares of Cryoport stock after acquiring an additional 10,064 shares during the period. At the end of this reporting period, DnB Asset Management AS owned approximately 0.15% of Cryoport, with a total worth of $1,144,000.
Cryoport is a company listed on NASDAQ under the ticker symbol CYRX. On August 9th, the company released its quarterly earnings data for the same period. Unfortunately, Cryoport reported an EPS (earnings per share) of ($0.42) for the quarter which fell short of analysts’ consensus estimates by ($0.17). The company’s revenue reached $57.02 million during this period, slightly surpassing analyst forecasts for revenue at $56.94 million.
With regards to profitability indicators, Cryoport had a negative return on equity (ROE) of 7.23% as well as a negative net margin of 16.07%. These figures suggest that Cryoport faced challenges in generating positive returns and maintaining healthy profit margins during this quarter.
Equities analysts are currently predicting that Cryoport will report earnings per share (EPS) of -1.07 for the current fiscal year.
Investors and market participants interested in obtaining more detailed information about Cryoport can access our latest research report on CYRX.”
(Note: This article has been written using only provided text as reference material and does not represent financial advice or an endorsement towards investing in any specific assets or companies mentioned.)
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Cryoport Sees Changes in Investor Landscape as Large Investors Adjust Positions
September 20, 2023 – Cryoport, Inc., a leading provider of temperature-controlled logistics solutions for the life sciences industry, has seen changes in its investor landscape as several large investors recently made adjustments to their positions in the company.
One notable investor, Brown Capital Management LLC, increased its stake in Cryoport by 7.6% during the first quarter. The firm now holds a total of 7,489,089 shares of the company’s stock valued at $179,738,000. Vanguard Group Inc. also raised its position in Cryoport by 4.7% during the same period and currently owns 3,515,305 shares worth $122,720,000.
Another institutional investor, Invesco Ltd., reported an increase of 17.7% in its holdings of Cryoport. Invesco now possesses 3,228,313 shares valued at $112,700,000. BlackRock Inc., one of the world’s largest asset management companies and a major shareholder in Cryoport, grew its position by 0.8% during the first quarter to own a total of 3,169,335 shares worth $76,064,000.
Impax Asset Management Group plc also made adjustments to its holdings in Cryoport during this period with an increase of 1.5%. The firm currently owns 2
