AIGH Capital Management LLC grew its holdings in Elutia Inc. (NASDAQ:ELUT - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,381,415 shares of the company's stock after buying an additional 306,740 shares during the quarter. Elutia makes up about 3.5% of AIGH Capital Management LLC's investment portfolio, making the stock its 8th largest holding. AIGH Capital Management LLC owned approximately 8.30% of Elutia worth $8,555,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Silverarc Capital Management LLC boosted its stake in shares of Elutia by 8.3% in the 4th quarter. Silverarc Capital Management LLC now owns 1,782,271 shares of the company's stock worth $6,666,000 after buying an additional 136,463 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of Elutia in the fourth quarter valued at about $302,000. Citadel Advisors LLC bought a new stake in shares of Elutia in the fourth quarter worth about $84,000. Arcus Capital Partners LLC bought a new stake in Elutia during the first quarter worth approximately $51,000. Finally, Millennium Management LLC increased its stake in Elutia by 16.4% during the fourth quarter. Millennium Management LLC now owns 45,217 shares of the company's stock worth $169,000 after acquiring an additional 6,386 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.
Analyst Ratings Changes
Separately, Lake Street Capital dropped their target price on Elutia from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, May 9th.
View Our Latest Stock Analysis on ELUT
Elutia Stock Up 1.0%
Shares of ELUT stock traded up $0.02 during mid-day trading on Friday, hitting $1.92. 5,183 shares of the stock were exchanged, compared to its average volume of 36,140. The firm has a fifty day moving average of $1.93 and a 200 day moving average of $2.45. Elutia Inc. has a 52-week low of $1.61 and a 52-week high of $5.12. The company has a market cap of $78.90 million, a PE ratio of -0.99 and a beta of 0.88.
Elutia (NASDAQ:ELUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The company had revenue of $6.03 million for the quarter, compared to analysts' expectations of $6.65 million. Equities analysts predict that Elutia Inc. will post -1.74 EPS for the current year.
Elutia Profile
(
Free Report)
Elutia Inc, a commercial-stage company, develops and commercializes drug-eluting biologics products for neurostimulation, wound care, and breast reconstruction in the United States. The company operates in three segments: Device Protection; Women's Health; and Cardiovascular. It offers CanGaroo Envelope, which is used to accommodate cardiac implantable electronic devices, such as pacemakers and internal defibrillators.
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