Clear Harbor Asset Management LLC purchased a new stake in AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the biopharmaceutical company’s stock, valued at approximately $289,000. Clear Harbor Asset Management LLC owned approximately 0.09% of AVEO Pharmaceuticals as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Paloma Partners Management Co acquired a new position in shares of AVEO Pharmaceuticals during the first quarter valued at $184,000. UBS Oconnor LLC purchased a new position in AVEO Pharmaceuticals during the first quarter valued at $291,000. Sabby Management LLC purchased a new position in AVEO Pharmaceuticals during the first quarter valued at $513,000. Renaissance Technologies LLC boosted its position in AVEO Pharmaceuticals by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,900 shares of the biopharmaceutical company’s stock valued at $1,482,000 after buying an additional 148,500 shares in the last quarter. Finally, Sphera Funds Management LTD. purchased a new position in AVEO Pharmaceuticals during the first quarter valued at $1,711,000. 51.03% of the stock is owned by institutional investors.
AVEO Pharmaceuticals, Inc. (AVEO) opened at 3.03 on Friday. AVEO Pharmaceuticals, Inc. has a 52-week low of $0.50 and a 52-week high of $3.30. The company’s market capitalization is $358.47 million. The firm’s 50-day moving average is $2.63 and its 200-day moving average is $1.22.
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Several research firms recently weighed in on AVEO. Piper Jaffray Companies set a $2.00 target price on shares of AVEO Pharmaceuticals and gave the company a “buy” rating in a research note on Saturday, June 24th. BidaskClub raised shares of AVEO Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. FBR & Co reissued an “outperform” rating and issued a $3.00 target price on shares of AVEO Pharmaceuticals in a research note on Monday, May 22nd. Zacks Investment Research raised shares of AVEO Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, ValuEngine raised shares of AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $3.08.
AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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