Cortina Asset Management LLC Has $9.44 Million Holdings in AxoGen, Inc. (AXGN)

Cortina Asset Management LLC trimmed its holdings in shares of AxoGen, Inc. (NASDAQ:AXGN) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 487,740 shares of the medical equipment provider’s stock after selling 4,368 shares during the period. Cortina Asset Management LLC owned about 1.46% of AxoGen worth $9,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its position in AxoGen by 575.0% during the second quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the medical equipment provider’s stock valued at $113,000 after buying an additional 5,750 shares during the period. Bank of America Corp DE boosted its position in AxoGen by 8.7% during the first quarter. Bank of America Corp DE now owns 10,183 shares of the medical equipment provider’s stock valued at $106,000 after buying an additional 814 shares during the period. Parametric Portfolio Associates LLC boosted its position in AxoGen by 0.9% during the first quarter. Parametric Portfolio Associates LLC now owns 10,843 shares of the medical equipment provider’s stock valued at $113,000 after buying an additional 93 shares during the period. Neuberger Berman Group LLC purchased a new stake in AxoGen during the second quarter valued at about $201,000. Finally, Nationwide Fund Advisors boosted its position in AxoGen by 5.5% during the second quarter. Nationwide Fund Advisors now owns 14,874 shares of the medical equipment provider’s stock valued at $249,000 after buying an additional 774 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

Several research firms have issued reports on AXGN. Lake Street Capital upped their price target on shares of AxoGen from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush restated an “outperform” rating and set a $27.00 price target (up from $22.00) on shares of AxoGen in a research report on Tuesday. Leerink Swann upped their price target on shares of AxoGen from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Roth Capital restated a “buy” rating and set a $21.00 price target (up from $18.00) on shares of AxoGen in a research report on Tuesday, September 12th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $18.00 price target on shares of AxoGen in a research report on Monday, August 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.60.

TRADEMARK VIOLATION WARNING: “Cortina Asset Management LLC Has $9.44 Million Holdings in AxoGen, Inc. (AXGN)” was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.truebluetribune.com/2017/11/21/cortina-asset-management-llc-has-9-44-million-holdings-in-axogen-inc-axgn.html.

AxoGen, Inc. (AXGN) traded up $0.70 during trading on Tuesday, hitting $24.30. 322,000 shares of the stock were exchanged, compared to its average volume of 208,513. The company has a quick ratio of 2.95, a current ratio of 3.55 and a debt-to-equity ratio of 1.93. AxoGen, Inc. has a one year low of $8.05 and a one year high of $25.15.

AxoGen (NASDAQ:AXGN) last posted its earnings results on Wednesday, November 1st. The medical equipment provider reported ($0.06) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The company had revenue of $16.05 million during the quarter, compared to analyst estimates of $15.55 million. AxoGen had a negative net margin of 24.74% and a negative return on equity of 91.00%. The firm’s quarterly revenue was up 43.2% on a year-over-year basis. sell-side analysts predict that AxoGen, Inc. will post -0.31 earnings per share for the current year.

In other news, Director Robert James Rudelius sold 16,143 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $18.00, for a total transaction of $290,574.00. Following the completion of the sale, the director now directly owns 43,273 shares in the company, valued at $778,914. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.33% of the company’s stock.

AxoGen Profile

AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The company’s surgical nerve repair solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.

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

Institutional Ownership by Quarter for AxoGen (NASDAQ:AXGN)

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

Latest News

Leave a Reply