IMG Wealth Management Inc. purchased a new stake in shares of AbCellera Biologics Inc. (NASDAQ:ABCL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,000 shares of the company’s stock, valued at approximately $56,000.
Several other hedge funds have also modified their holdings of ABCL. Walleye Capital LLC acquired a new position in shares of AbCellera Biologics during the third quarter valued at about $668,000. GSA Capital Partners LLP increased its holdings in shares of AbCellera Biologics by 991.3% during the third quarter. GSA Capital Partners LLP now owns 241,866 shares of the company’s stock valued at $629,000 after acquiring an additional 219,703 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of AbCellera Biologics during the fourth quarter valued at about $265,000. Erste Asset Management GmbH acquired a new position in shares of AbCellera Biologics during the third quarter valued at about $162,000. Finally, HighTower Advisors LLC increased its holdings in shares of AbCellera Biologics by 577.9% during the fourth quarter. HighTower Advisors LLC now owns 71,086 shares of the company’s stock valued at $208,000 after acquiring an additional 60,600 shares in the last quarter. 61.42% of the stock is owned by hedge funds and other institutional investors.
AbCellera Biologics Trading Up 0.8 %
Shares of NASDAQ:ABCL opened at $2.54 on Tuesday. AbCellera Biologics Inc. has a twelve month low of $2.11 and a twelve month high of $4.83. The company’s 50 day moving average is $2.96 and its 200 day moving average is $2.83. The company has a market cap of $756.89 million, a PE ratio of -4.16 and a beta of 0.45.
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AbCellera Biologics Profile
AbCellera Biologics Inc builds an engine for antibody drug discovery and development. Its engine discovers antibodies from natural immune responses, which are pre-enriched for antibodies. The company’s preclinical products are ABCL635 for metabolic and endocrine conditions; and ABCL575 for atopic dermatitis.
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