Barclays PLC raised its stake in Anavex Life Sciences Corp. (NASDAQ:AVXL – Get Rating) by 1,792.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,290 shares of the biotechnology company's stock after acquiring an additional 179,290 shares during the period. Barclays PLC owned 0.24% of Anavex Life Sciences worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of AVXL. Lazard Asset Management LLC acquired a new position in Anavex Life Sciences in the second quarter valued at $26,000. SeaCrest Wealth Management LLC acquired a new position in Anavex Life Sciences in the second quarter valued at $44,000. Quantbot Technologies LP acquired a new position in Anavex Life Sciences in the second quarter valued at $64,000. Janney Montgomery Scott LLC acquired a new position in Anavex Life Sciences in the third quarter valued at $108,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Anavex Life Sciences during the first quarter worth about $136,000. Institutional investors and hedge funds own 31.22% of the company's stock.
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Shares of NASDAQ:AVXL opened at $11.26 on Friday. The company has a market cap of $878.62 million, a P/E ratio of -18.16 and a beta of 0.77. Anavex Life Sciences Corp. has a 52 week low of $7.13 and a 52 week high of $15.24. The company has a 50-day moving average price of $9.60 and a 200 day moving average price of $10.46.
Anavex Life Sciences (NASDAQ:AVXL – Get Rating) last announced its quarterly earnings data on Monday, November 28th. The biotechnology company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.02). Analysts expect that Anavex Life Sciences Corp. will post -0.81 EPS for the current year.Analysts Set New Price Targets
Several brokerages have recently weighed in on AVXL. StockNews.com began coverage on shares of Anavex Life Sciences in a research note on Wednesday, October 12th. They set a "sell" rating for the company. Jonestrading increased their target price on shares of Anavex Life Sciences from $40.00 to $80.00 in a research note on Friday, December 2nd. HC Wainwright increased their target price on shares of Anavex Life Sciences from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, January 3rd. Finally, Cantor Fitzgerald downgraded shares of Anavex Life Sciences from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $16.00 to $11.00 in a research note on Tuesday, December 6th.
About Anavex Life Sciences
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Anavex Life Sciences Corp. is a clinical stage biopharmaceutical company, which engages in the development of different therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases. Its lead compound, ANAVEX2-73, is being developed to treat Alzheimer's and Parkinson's disease and central nervous system diseases, including Rett syndrome.
Further Reading
- Get a free copy of the StockNews.com research report on Anavex Life Sciences (AVXL)
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