Taylor Wealth Management Partners Has $3.32 Million Stake in CryoPort Inc (CYRX)

Taylor Wealth Management Partners reduced its holdings in shares of CryoPort Inc (NASDAQ:CYRX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,845 shares of the consumer goods maker’s stock after selling 2,810 shares during the quarter. CryoPort accounts for about 1.9% of Taylor Wealth Management Partners’ holdings, making the stock its 18th biggest position. Taylor Wealth Management Partners’ holdings in CryoPort were worth $3,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CYRX. BlackRock Inc. boosted its holdings in CryoPort by 507.7% during the second quarter. BlackRock Inc. now owns 1,745,626 shares of the consumer goods maker’s stock worth $27,545,000 after purchasing an additional 1,458,357 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in CryoPort by 30.8% during the third quarter. Allianz Asset Management GmbH now owns 494,574 shares of the consumer goods maker’s stock worth $6,335,000 after purchasing an additional 116,329 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in CryoPort by 4.1% during the second quarter. OppenheimerFunds Inc. now owns 426,735 shares of the consumer goods maker’s stock worth $6,734,000 after purchasing an additional 16,904 shares during the last quarter. Northern Trust Corp boosted its holdings in CryoPort by 434.5% during the second quarter. Northern Trust Corp now owns 325,678 shares of the consumer goods maker’s stock worth $5,140,000 after purchasing an additional 264,743 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in CryoPort by 35.9% during the third quarter. JPMorgan Chase & Co. now owns 216,523 shares of the consumer goods maker’s stock worth $2,774,000 after purchasing an additional 57,154 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

CryoPort stock traded up $0.21 during midday trading on Monday, hitting $9.11. 479,769 shares of the stock were exchanged, compared to its average volume of 263,071. CryoPort Inc has a 52-week low of $6.66 and a 52-week high of $16.88. The stock has a market cap of $266.67 million, a PE ratio of -26.79 and a beta of 1.28.

CryoPort (NASDAQ:CYRX) last released its quarterly earnings results on Thursday, November 8th. The consumer goods maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $5.30 million for the quarter, compared to analysts’ expectations of $5.06 million. CryoPort had a negative net margin of 55.44% and a negative return on equity of 40.81%. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. On average, equities analysts predict that CryoPort Inc will post -0.33 EPS for the current fiscal year.

CYRX has been the topic of several analyst reports. BidaskClub cut shares of CryoPort from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. B. Riley initiated coverage on shares of CryoPort in a report on Wednesday, October 10th. They set a “buy” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.75.

In other CryoPort news, Director Richard J. Berman sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $10.06, for a total value of $301,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.60% of the stock is owned by insiders.

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CryoPort Company Profile

Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.

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Institutional Ownership by Quarter for CryoPort (NASDAQ:CYRX)

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