New York State Common Retirement Fund lowered its position in Organovo Holdings, Inc. (NASDAQ:ONVO) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,900 shares of the medical research company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund’s holdings in Organovo Holdings were worth $226,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ONVO. Vanguard Group Inc. lifted its position in shares of Organovo Holdings by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 4,250,017 shares of the medical research company’s stock worth $13,515,000 after acquiring an additional 333,034 shares during the period. Geode Capital Management LLC lifted its position in shares of Organovo Holdings by 44.6% in the 1st quarter. Geode Capital Management LLC now owns 955,299 shares of the medical research company’s stock worth $3,037,000 after acquiring an additional 294,861 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Organovo Holdings by 32.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 385,659 shares of the medical research company’s stock worth $1,227,000 after acquiring an additional 95,177 shares during the period. Trent Capital Management Inc. NC bought a new stake in shares of Organovo Holdings in the 2nd quarter worth approximately $222,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Organovo Holdings in the 2nd quarter worth approximately $196,000. Institutional investors own 26.84% of the company’s stock.

A number of analysts have commented on ONVO shares. ValuEngine downgraded Organovo Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Organovo Holdings from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $4.00 price objective on shares of Organovo Holdings in a research report on Thursday, July 27th. Raymond James Financial, Inc. cut Organovo Holdings from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a report on Friday, November 10th. Finally, BTIG Research reissued a “buy” rating and issued a $3.00 target price on shares of Organovo Holdings in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $3.60.

Organovo Holdings, Inc. (NASDAQ ONVO) opened at $1.51 on Thursday. Organovo Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $4.08.

Organovo Holdings (NASDAQ:ONVO) last issued its earnings results on Thursday, November 9th. The medical research company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. Organovo Holdings had a negative return on equity of 65.63% and a negative net margin of 923.89%. The business had revenue of $1.36 million during the quarter, compared to analysts’ expectations of $1.38 million. The firm’s revenue was down 1.4% on a year-over-year basis. sell-side analysts predict that Organovo Holdings, Inc. will post -0.36 EPS for the current fiscal year.

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Organovo Holdings Company Profile

Institutional Ownership by Quarter for Organovo Holdings (NASDAQ:ONVO)

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