Graham Capital Management L.P. Invests $1.82 Million in Azenta, Inc. $AZTA

Key Points

• Graham Capital Management L.P. invested $1.82 million in Azenta, Inc., acquiring 52,535 shares in the 1st quarter of the year, representing approximately 0.11% ownership.
• Several hedge funds, including Farther Finance Advisors LLC and Caitong International Asset Management, significantly increased their stakes in Azenta, illustrating growing institutional interest in the stock.
• Analysts have mixed opinions on Azenta, with a consensus rating of "Hold" and an average target price of $35.75, following a recent quarterly earnings report showing better-than-expected earnings per share.

Graham Capital Management L.P. bought a new stake in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 52,535 shares of the company's stock, valued at approximately $1,820,000. Graham Capital Management L.P. owned 0.11% of Azenta as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AZTA. Farther Finance Advisors LLC lifted its position in shares of Azenta by 788.1% during the 1st quarter. Farther Finance Advisors LLC now owns 968 shares of the company's stock valued at $33,000 after acquiring an additional 859 shares during the period. State of Wyoming lifted its position in shares of Azenta by 77.1% during the 1st quarter. State of Wyoming now owns 2,343 shares of the company's stock valued at $81,000 after acquiring an additional 1,020 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Azenta by 13,184.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,524 shares of the company's stock valued at $87,000 after acquiring an additional 2,505 shares during the period. Quarry LP lifted its position in shares of Azenta by 41.5% during the 1st quarter. Quarry LP now owns 3,120 shares of the company's stock valued at $108,000 after acquiring an additional 915 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Azenta by 8.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,842 shares of the company's stock valued at $168,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 99.08% of the company's stock.

Azenta Stock Performance

AZTA traded up $0.78 during mid-day trading on Friday, reaching $30.30. 525,644 shares of the stock were exchanged, compared to its average volume of 507,080. The stock has a market capitalization of $1.39 billion, a PE ratio of -12.52 and a beta of 1.65. The company has a 50 day moving average price of $31.34 and a two-hundred day moving average price of $31.45. Azenta, Inc. has a 1 year low of $23.91 and a 1 year high of $55.63.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The firm 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%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Sell-side analysts expect that Azenta, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AZTA. Stephens began coverage on shares of Azenta in a research report on Tuesday, July 22nd. They set an "equal weight" rating and a $35.00 target price on the stock. Raymond James Financial upgraded shares of Azenta from a "market perform" rating to an "outperform" rating and set a $35.00 price target for the company in a research note on Wednesday, August 6th. Finally, Evercore ISI set a $33.00 price target on shares of Azenta and gave the company an "in-line" rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $35.75.

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.