Essex Investment Management Co. LLC Invests $304,000 in CryoPort Inc (CYRX) Stock

Essex Investment Management Co. LLC bought a new stake in CryoPort Inc (NASDAQ:CYRX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 35,399 shares of the consumer goods maker’s stock, valued at approximately $304,000.

Several other hedge funds have also modified their holdings of the business. Thompson Davis & CO. Inc. boosted its holdings in shares of CryoPort by 74.5% in the 4th quarter. Thompson Davis & CO. Inc. now owns 30,100 shares of the consumer goods maker’s stock valued at $259,000 after purchasing an additional 12,850 shares in the last quarter. US Bancorp DE boosted its holdings in shares of CryoPort by 100.9% in the 4th quarter. US Bancorp DE now owns 25,487 shares of the consumer goods maker’s stock valued at $219,000 after purchasing an additional 12,803 shares in the last quarter. Taylor Wealth Management Partners boosted its holdings in shares of CryoPort by 5.6% in the 4th quarter. Taylor Wealth Management Partners now owns 415,575 shares of the consumer goods maker’s stock valued at $3,570,000 after purchasing an additional 21,935 shares in the last quarter. Creative Planning acquired a new stake in shares of CryoPort in the 4th quarter valued at $5,176,000. Finally, Bank of Montreal Can acquired a new stake in shares of CryoPort in the 4th quarter valued at $142,000. 20.22% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Roth Capital assumed coverage on CryoPort in a report on Thursday, November 30th. They issued a “buy” rating and a $12.50 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. CryoPort currently has a consensus rating of “Buy” and an average price target of $33.50.

Shares of CryoPort Inc (NASDAQ CYRX) opened at $7.77 on Friday. CryoPort Inc has a twelve month low of $1.96 and a twelve month high of $10.40.

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CryoPort Company Profile

Cryoport, Inc (Cryoport) is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The Company provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.

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Institutional Ownership by Quarter for CryoPort (NASDAQ:CYRX)

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