Exchange Traded Concepts LLC Sells 86,114 Shares of Azenta, Inc. (NASDAQ:AZTA)

Exchange Traded Concepts LLC trimmed its holdings in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,513 shares of the company's stock after selling 86,114 shares during the quarter. Exchange Traded Concepts LLC owned about 0.63% of Azenta worth $10,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in Azenta in the fourth quarter worth $293,000. Stephens Inc. AR bought a new position in Azenta in the 4th quarter worth about $313,000. Louisiana State Employees Retirement System grew its position in Azenta by 61.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the company's stock valued at $1,100,000 after purchasing an additional 8,400 shares during the last quarter. New York State Teachers Retirement System increased its stake in Azenta by 4.0% during the 4th quarter. New York State Teachers Retirement System now owns 70,915 shares of the company's stock valued at $3,546,000 after purchasing an additional 2,750 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Azenta by 28.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 51,312 shares of the company's stock worth $2,566,000 after buying an additional 11,304 shares during the last quarter. 99.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen raised shares of Azenta to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC reduced their target price on Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 7th.

Azenta Stock Down 4.5%

NASDAQ:AZTA traded down $1.38 on Tuesday, hitting $29.31. The stock had a trading volume of 608,303 shares, compared to its average volume of 701,575. The business's 50-day simple moving average is $27.41 and its two-hundred day simple moving average is $39.16. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 65.30 and a beta of 1.62. Azenta, Inc. has a 52-week low of $23.91 and a 52-week high of $63.58.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a positive return on equity of 1.30% and a negative net margin of 10.31%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, equities research analysts anticipate that Azenta, Inc. will post 0.53 EPS for the current year.

About Azenta

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.