Vanguard Group Inc. Buys 74,037 Shares of Cryoport, Inc. (NASDAQ:CYRX)

Vanguard Group Inc. increased its position in shares of Cryoport, Inc. (NASDAQ:CYRX - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,559,092 shares of the company's stock after buying an additional 74,037 shares during the quarter. Vanguard Group Inc. owned 7.27% of Cryoport worth $48,795,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Cryoport by 72.2% during the third quarter. American Century Companies Inc. now owns 27,018 shares of the company's stock worth $370,000 after buying an additional 11,324 shares in the last quarter. Deutsche Bank AG lifted its stake in Cryoport by 22.5% during the third quarter. Deutsche Bank AG now owns 24,430 shares of the company's stock worth $335,000 after purchasing an additional 4,492 shares during the period. Connors Investor Services Inc. lifted its stake in Cryoport by 32.2% during the third quarter. Connors Investor Services Inc. now owns 172,867 shares of the company's stock worth $2,364,000 after purchasing an additional 42,117 shares during the period. Comerica Bank bought a new position in Cryoport during the third quarter worth about $53,000. Finally, Advisors Capital Management LLC lifted its stake in Cryoport by 2.5% during the third quarter. Advisors Capital Management LLC now owns 78,993 shares of the company's stock worth $1,083,000 after purchasing an additional 1,947 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stephens restated an "equal weight" rating and set a $17.00 price target on shares of Cryoport in a research note on Wednesday, March 13th. Needham & Company LLC cut their price target on shares of Cryoport from $19.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Jefferies Financial Group began coverage on shares of Cryoport in a research note on Thursday, April 4th. They set a "buy" rating and a $21.00 price target for the company. Finally, UBS Group lifted their target price on shares of Cryoport from $14.50 to $17.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.63.

Cryoport Trading Up 1.1 %

CYRX stock traded up $0.21 during trading on Tuesday, hitting $18.83. The company had a trading volume of 264,050 shares, compared to its average volume of 458,151. The company has a quick ratio of 11.16, a current ratio of 11.73 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $16.54 and a 200-day moving average price of $14.64. Cryoport, Inc. has a 12 month low of $9.00 and a 12 month high of $24.17. The stock has a market cap of $925.68 million, a price-to-earnings ratio of -8.56 and a beta of 1.60.

Cryoport (NASDAQ:CYRX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.19). Cryoport had a negative return on equity of 11.86% and a negative net margin of 42.69%. The company had revenue of $57.26 million during the quarter, compared to the consensus estimate of $58.27 million. As a group, analysts predict that Cryoport, Inc. will post -1.31 earnings per share for the current year.

Insider Buying and Selling

In other Cryoport news, Director Ramkumar Mandalam sold 3,217 shares of Cryoport stock in a transaction on Friday, March 15th. The shares were sold at an average price of $14.68, for a total transaction of $47,225.56. Following the completion of the sale, the director now owns 43,187 shares of the company's stock, valued at approximately $633,985.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Cryoport news, Director Ramkumar Mandalam sold 3,217 shares of Cryoport stock in a transaction on Friday, March 15th. The shares were sold at an average price of $14.68, for a total transaction of $47,225.56. Following the completion of the sale, the director now owns 43,187 shares of the company's stock, valued at approximately $633,985.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jerrell Shelton sold 3,723 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.35, for a total transaction of $60,871.05. Following the completion of the transaction, the chief executive officer now directly owns 636,951 shares of the company's stock, valued at approximately $10,414,148.85. The disclosure for this sale can be found here. Insiders sold 73,940 shares of company stock worth $1,147,538 in the last quarter. Insiders own 10.50% of the company's stock.

Cryoport Profile

Cryoport, Inc provides temperature-controlled supply chain solutions in biopharma/pharma, animal health, and human reproductive medicine markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoport Express Shippers; Cryoport ELITE -80°C Gene Therapy Shipper; Cryoport ELITE Cryosphere Shipper; Cryoport consulting services, including physical, thermal, and shipping qualifications of shipping systems and/or packaging to developing custom packaging solutions; and Cryoport bioservices, such as controlled temperature storage, fulfilment, kit production, secondary packaging, labelling of therapeutic products, and GMP raw materials storage services.