31,950 Shares in Azenta, Inc. (NASDAQ:AZTA) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new stake in Azenta, Inc. (NASDAQ:AZTA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,950 shares of the company's stock, valued at approximately $1,598,000. Caxton Associates LP owned approximately 0.07% of Azenta as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AZTA. Picton Mahoney Asset Management grew its position in Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock worth $35,000 after purchasing an additional 532 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Azenta in the 4th quarter valued at approximately $40,000. Covestor Ltd increased its stake in shares of Azenta by 64.2% during the 4th quarter. Covestor Ltd now owns 2,043 shares of the company's stock worth $102,000 after purchasing an additional 799 shares during the last quarter. KBC Group NV raised its holdings in Azenta by 48.5% during the fourth quarter. KBC Group NV now owns 2,137 shares of the company's stock valued at $107,000 after buying an additional 698 shares in the last quarter. Finally, Quarry LP acquired a new stake in Azenta in the 4th quarter worth approximately $110,000. 99.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen raised Azenta to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC dropped their price objective on Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Evercore ISI lifted their price objective on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th.

Azenta Price Performance

AZTA traded down $0.89 during trading on Friday, reaching $26.82. The company had a trading volume of 1,033,874 shares, compared to its average volume of 668,011. The company has a market cap of $1.23 billion, a P/E ratio of -9.00 and a beta of 1.64. The business's fifty day moving average price is $31.45 and its 200 day moving average price is $42.03. Azenta, Inc. has a 12 month low of $23.91 and a 12 month high of $63.58.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, sell-side analysts predict that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Azenta Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.