Levin Capital Strategies L.P. Purchases 24,000 Shares of T2 Biosystems Inc (TTOO)

Levin Capital Strategies L.P. increased its position in T2 Biosystems Inc (NASDAQ:TTOO) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the medical equipment provider’s stock after purchasing an additional 24,000 shares during the period. Levin Capital Strategies L.P.’s holdings in T2 Biosystems were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Senvest Management LLC grew its stake in T2 Biosystems by 4.0% in the third quarter. Senvest Management LLC now owns 2,769,931 shares of the medical equipment provider’s stock worth $20,636,000 after purchasing an additional 105,800 shares during the period. BlackRock Inc. grew its stake in T2 Biosystems by 5.9% in the third quarter. BlackRock Inc. now owns 1,934,386 shares of the medical equipment provider’s stock worth $14,411,000 after purchasing an additional 108,575 shares during the period. Vanguard Group Inc grew its stake in T2 Biosystems by 8.6% in the third quarter. Vanguard Group Inc now owns 1,621,740 shares of the medical equipment provider’s stock worth $12,082,000 after purchasing an additional 128,724 shares during the period. Vanguard Group Inc. grew its stake in T2 Biosystems by 8.6% in the third quarter. Vanguard Group Inc. now owns 1,621,740 shares of the medical equipment provider’s stock worth $12,082,000 after purchasing an additional 128,724 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in T2 Biosystems by 35.1% in the third quarter. Allianz Asset Management GmbH now owns 508,865 shares of the medical equipment provider’s stock worth $3,791,000 after purchasing an additional 132,227 shares during the period. 54.74% of the stock is currently owned by institutional investors.

In other news, CEO John Mcdonough sold 8,134 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $3.36, for a total value of $27,330.24. Following the sale, the chief executive officer now directly owns 456,354 shares of the company’s stock, valued at $1,533,349.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 34,587 shares of company stock worth $117,854. Insiders own 31.50% of the company’s stock.

Several equities research analysts recently weighed in on TTOO shares. Cantor Fitzgerald set a $11.00 price target on T2 Biosystems and gave the stock a “buy” rating in a research note on Friday, November 2nd. HC Wainwright set a $14.00 price target on T2 Biosystems and gave the stock a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research raised T2 Biosystems from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Thursday, November 8th. Goldman Sachs Group set a $5.00 target price on T2 Biosystems and gave the stock a “hold” rating in a research note on Friday, November 30th. Finally, ValuEngine cut T2 Biosystems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $8.94.

NASDAQ TTOO opened at $3.45 on Wednesday. T2 Biosystems Inc has a 12 month low of $2.94 and a 12 month high of $9.98. The company has a debt-to-equity ratio of 1.66, a current ratio of 7.16 and a quick ratio of 6.81.

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T2 Biosystems Profile

T2 Biosystems, Inc, an in vitro diagnostics company, develops diagnostic products and product candidates in the United States. It provides T2 Magnetic Resonance platform that enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, and urine.

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Institutional Ownership by Quarter for T2 Biosystems (NASDAQ:TTOO)

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