Fox Run Management L.L.C. Invests $652,000 in Azenta, Inc. $AZTA

Key Points

• Fox Run Management L.L.C. has acquired 18,821 shares of Azenta, Inc. valued at approximately $652,000 in the first quarter.
• A significant portion, 99.08%, of Azenta's stock is held by hedge funds and institutional investors, with notable stakes from companies like Lord Abbett & Co. LLC and Conestoga Capital Advisors LLC.
• Azenta stock is currently rated as a "Hold" with an average price target of $35.75 by analysts, reflecting cautious optimism following recent earnings that surpassed expectations.

Fox Run Management L.L.C. acquired a new position in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,821 shares of the company's stock, valued at approximately $652,000.

Several other large investors have also recently made changes to their positions in AZTA. Dimensional Fund Advisors LP increased its holdings in shares of Azenta by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,033,171 shares of the company's stock worth $151,659,000 after buying an additional 26,929 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in Azenta by 21.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,915,556 shares of the company's stock worth $66,355,000 after buying an additional 337,675 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Azenta by 6.3% during the first quarter. Lord Abbett & CO. LLC now owns 1,006,900 shares of the company's stock worth $34,879,000 after buying an additional 59,892 shares during the period. Palisade Capital Management LP increased its stake in shares of Azenta by 7.1% during the first quarter. Palisade Capital Management LP now owns 868,324 shares of the company's stock worth $30,079,000 after acquiring an additional 57,418 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Azenta by 15.6% during the first quarter. Stephens Investment Management Group LLC now owns 803,801 shares of the company's stock worth $27,844,000 after buying an additional 108,190 shares in the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Azenta Stock Performance

AZTA stock traded up $1.7950 during midday trading on Friday, reaching $31.6350. The stock had a trading volume of 148,027 shares, compared to its average volume of 764,961. Azenta, Inc. has a 52-week low of $23.91 and a 52-week high of $55.63. The stock has a market cap of $1.45 billion, a PE ratio of -13.07 and a beta of 1.59. The firm has a fifty day simple moving average of $31.30 and a two-hundred day simple moving average of $33.00.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $143.94 million for the quarter, compared to the consensus estimate of $149.64 million. Azenta had a negative net margin of 18.45% and a positive return on equity of 1.35%. Azenta's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, sell-side analysts predict that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AZTA has been the subject of several analyst reports. Stephens began coverage on Azenta in a research note on Tuesday, July 22nd. They issued an "equal weight" rating and a $35.00 target price for the company. Needham & Company LLC lowered their price objective on Azenta from $59.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Raymond James Financial raised Azenta from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a report on Wednesday, August 6th. Finally, Evercore ISI set a $33.00 price target on shares of Azenta and gave the stock an "in-line" rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Azenta currently has an average rating of "Hold" and an average target price of $35.75.

Azenta Company 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.