Deutsche Bank AG boosted its stake in shares of Beyond Air, Inc. (NASDAQ:XAIR – Free Report) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 407,565 shares of the company’s stock after purchasing an additional 7,565 shares during the quarter. Deutsche Bank AG’s holdings in Beyond Air were worth $941,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Beyond Air by 497.6% in the second quarter. BlackRock Inc. now owns 1,728,410 shares of the company’s stock valued at $7,363,000 after buying an additional 1,439,168 shares during the last quarter. State Street Corp raised its stake in Beyond Air by 259.5% in the second quarter. State Street Corp now owns 368,154 shares of the company’s stock valued at $1,568,000 after buying an additional 265,747 shares during the last quarter. Geode Capital Management LLC raised its stake in Beyond Air by 93.1% in the second quarter. Geode Capital Management LLC now owns 501,409 shares of the company’s stock valued at $2,136,000 after buying an additional 241,688 shares during the last quarter. Northern Trust Corp raised its stake in Beyond Air by 202.3% in the second quarter. Northern Trust Corp now owns 250,245 shares of the company’s stock valued at $1,066,000 after buying an additional 167,458 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Beyond Air by 1,353.9% in the first quarter. Jane Street Group LLC now owns 132,915 shares of the company’s stock valued at $897,000 after buying an additional 143,515 shares during the last quarter. Institutional investors own 30.60% of the company’s stock.
Analyst Ratings Changes
Separately, Truist Financial reduced their price objective on Beyond Air from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th.
Get Our Latest Stock Report on XAIR
Beyond Air Trading Down 3.4 %
Shares of NASDAQ:XAIR opened at $1.98 on Friday. The business has a 50-day moving average price of $1.78 and a 200-day moving average price of $2.10. The company has a quick ratio of 3.26, a current ratio of 3.39 and a debt-to-equity ratio of 0.61. The stock has a market cap of $71.36 million, a price-to-earnings ratio of -0.93 and a beta of -0.23. Beyond Air, Inc. has a 52-week low of $1.17 and a 52-week high of $7.16.
Beyond Air (NASDAQ:XAIR – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.11. The company had revenue of $0.39 million for the quarter, compared to analysts’ expectations of $0.49 million. During the same quarter in the prior year, the business posted ($0.43) earnings per share. Equities analysts predict that Beyond Air, Inc. will post -1.93 EPS for the current year.
Insider Buying and Selling at Beyond Air
In other Beyond Air news, CEO Steven A. Lisi acquired 77,775 shares of the company’s stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $1.63 per share, with a total value of $126,773.25. Following the completion of the acquisition, the chief executive officer now owns 1,536,471 shares in the company, valued at $2,504,447.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert Carey purchased 1,200,000 shares of the stock in a transaction dated Monday, December 18th. The shares were purchased at an average cost of $1.64 per share, with a total value of $1,968,000.00. Following the completion of the purchase, the director now directly owns 2,374,454 shares of the company’s stock, valued at approximately $3,894,104.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Steven A. Lisi acquired 77,775 shares of the stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $1.63 per share, for a total transaction of $126,773.25. Following the purchase, the chief executive officer now directly owns 1,536,471 shares of the company’s stock, valued at approximately $2,504,447.73. The disclosure for this purchase can be found here. 19.00% of the stock is owned by corporate insiders.
Beyond Air Profile
Beyond Air, Inc operates as a commercial-stage medical device and biopharmaceutical company in the United States. The company engages in the development of LungFit platform, a nitric oxide generator and delivery system. It offers LungFit PH for the treatment of persistent pulmonary hypertension of the newborn.
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