Park West Asset Management LLC Invests $15 Million in Azenta, Inc. (NASDAQ:AZTA)

Park West Asset Management LLC bought a new stake in shares of Azenta, Inc. (NASDAQ:AZTA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 300,000 shares of the company's stock, valued at approximately $15,000,000. Park West Asset Management LLC owned approximately 0.66% of Azenta at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AZTA. Picton Mahoney Asset Management grew its stake in Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after purchasing an additional 532 shares during the last quarter. Headlands Technologies LLC purchased a new position in Azenta during the 4th quarter worth approximately $40,000. Covestor Ltd boosted its holdings in shares of Azenta by 64.2% in the 4th quarter. Covestor Ltd now owns 2,043 shares of the company's stock valued at $102,000 after acquiring an additional 799 shares during the last quarter. KBC Group NV increased its stake in shares of Azenta by 48.5% in the fourth quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after acquiring an additional 698 shares during the period. Finally, Quarry LP purchased a new stake in Azenta in the fourth quarter valued at $110,000. Hedge funds and other institutional investors own 99.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AZTA. TD Cowen raised shares of Azenta to a "hold" rating in a research note on Thursday, February 27th. Evercore ISI lifted their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Finally, Needham & Company LLC increased their target price on shares of Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th.

Azenta Price Performance

NASDAQ AZTA traded up $0.73 on Friday, hitting $26.96. The company had a trading volume of 774,940 shares, compared to its average volume of 654,663. The company's fifty day moving average price is $33.14 and its 200-day moving average price is $42.62. Azenta, Inc. has a 12-month low of $24.06 and a 12-month high of $63.58. The company has a market capitalization of $1.23 billion, a PE ratio of -9.05 and a beta of 1.66.

Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. On average, sell-side analysts anticipate that Azenta, Inc. will post 0.53 EPS for the current year.

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.