Massachusetts Financial Services Co. MA raised its position in shares of Burning Rock Biotech Limited (NASDAQ:BNR) by 0.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 450,430 shares of the company’s stock after purchasing an additional 1,127 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Burning Rock Biotech were worth $13,271,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in BNR. Citigroup Inc. acquired a new stake in Burning Rock Biotech during the 1st quarter valued at approximately $98,000. Asset Management One Co. Ltd. acquired a new stake in shares of Burning Rock Biotech during the 2nd quarter worth approximately $125,000. Shell Asset Management Co. acquired a new stake in shares of Burning Rock Biotech during the 2nd quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Burning Rock Biotech during the 2nd quarter worth approximately $200,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Burning Rock Biotech during the 2nd quarter worth approximately $215,000. 25.72% of the stock is owned by institutional investors and hedge funds.
NASDAQ BNR opened at $16.12 on Thursday. The company has a fifty day simple moving average of $19.41 and a 200 day simple moving average of $25.28. Burning Rock Biotech Limited has a 12-month low of $15.63 and a 12-month high of $39.75.
Several analysts have recently commented on the stock. CICC Research assumed coverage on shares of Burning Rock Biotech in a research report on Wednesday, July 14th. They set an “outperform” rating and a $39.94 price objective for the company. Zacks Investment Research raised shares of Burning Rock Biotech from a “sell” rating to a “hold” rating in a research report on Monday, August 9th.
Burning Rock Biotech Profile
Burning Rock Biotech Limited primarily develops and provides cancer therapy selection tests in the People's Republic of China. The company primarily offers 12 next-generation sequencing-based cancer therapy selection tests applicable to a range of cancer types, including lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, lymphomas, thyroid cancer, colorectal cancer, ovarian cancer, pancreatic cancer, and bladder cancer using tissue and liquid biopsy samples.
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