AXA reduced its stake in BioTime, Inc. (NYSEAMERICAN:BTX) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,101,975 shares of the biotechnology company’s stock after selling 199,682 shares during the period. AXA owned 1.66% of BioTime worth $4,940,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Destination Wealth Management bought a new position in BioTime during the third quarter worth about $1,237,000. Bank of New York Mellon Corp lifted its holdings in BioTime by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 744,554 shares of the biotechnology company’s stock worth $1,534,000 after acquiring an additional 33,350 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in BioTime by 5.2% during the second quarter. Northern Trust Corp now owns 1,016,226 shares of the biotechnology company’s stock worth $2,094,000 after acquiring an additional 49,778 shares in the last quarter.
Separately, Zacks Investment Research downgraded BioTime from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd.
BioTime stock opened at $1.34 on Friday. BioTime, Inc. has a 52 week low of $1.28 and a 52 week high of $3.16.
BioTime (NYSEAMERICAN:BTX) last posted its quarterly earnings results on Thursday, November 8th. The biotechnology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The company had revenue of $0.98 million during the quarter, compared to analyst estimates of $0.75 million.
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BioTime, Inc, a clinical-stage biotechnology company, focuses on developing and commercializing products addressing degenerative diseases based on pluripotent stem cells and HyStem cell/drug delivery platform technologies primarily in the United States and Israel. The company’s lead product candidates include OpRegen, a retinal pigment epithelium cell replacement therapy, which is in Phase I/IIa multicenter trial for the treatment of the dry age-related macular degeneration; and Renevia, a facial aesthetics product that is in pivotal clinical trial for the treatment of HIV-associated facial lipoatrophy.
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