Bollard Group LLC purchased a new position in shares of Magenta Therapeutics Inc (NASDAQ:MGTA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $360,000. Bollard Group LLC owned approximately 0.09% of Magenta Therapeutics as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MGTA. Dean Capital Investments Management LLC acquired a new stake in shares of Magenta Therapeutics in the 2nd quarter valued at approximately $558,000. BlackRock Inc. acquired a new stake in shares of Magenta Therapeutics in the 2nd quarter valued at approximately $1,350,000. Tiverton Asset Management LLC acquired a new stake in shares of Magenta Therapeutics in the 2nd quarter valued at approximately $125,000. Citadel Advisors LLC acquired a new stake in shares of Magenta Therapeutics in the 2nd quarter valued at approximately $1,172,000. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Magenta Therapeutics in the 2nd quarter valued at approximately $4,490,000. 30.31% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Magenta Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Magenta Therapeutics currently has a consensus rating of “Buy” and a consensus target price of $19.33.
Magenta Therapeutics (NASDAQ:MGTA) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.49) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.18. On average, equities research analysts predict that Magenta Therapeutics Inc will post -3.19 EPS for the current fiscal year.
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About Magenta Therapeutics
Magenta Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing medicines to bring the curative power of bone marrow transplant to patients. It is developing C100, C200, and C300 targeted antibody-drug conjugates for transplant conditioning; MGTA-145, a stem cell mobilization product candidate to control stem cell mobilization; MGTA-456, an allogeneic stem cell therapy to control stem cell growth; E478, a small molecule aryl hydrocarbon receptor antagonist for the expansion of gene-modified stem cells; and G100, an ADC program to prevent acute graft and host diseases.
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