Fintel reports that Ra Capital Management, L.p. has filed a 13G/A form with the SEC disclosing ownership of 0 shares of Orchard Therapeutics plc (ORTX), effectively closing their position in the company.
Orchard Therapeutics is a global gene therapy leader dedicated to transforming the lives of people affected by rare diseases through the development of innovative, potentially curative gene therapies. The company’s ex vivo autologous gene therapy approach harnesses the power of genetically modified blood stem cells and seeks to correct the underlying cause of disease in a single administration. In 2018, Orchard acquired GSK’s rare disease gene therapy portfolio, which originated from a pioneering collaboration between GSK and the San Raffaele Telethon Institute for Gene Therapy in Milan, Italy.
What are other large shareholders doing?
Federated Hermes, Inc. holds 8,401,687 shares representing 6.64% ownership of the company. In it’s prior filing, the firm reported owning 8,309,859 shares, representing an increase of 1.09%. The firm decreased its portfolio allocation in ORTX by 47.32% over the last quarter.
CHI Advisors LLC holds 7,987,396 shares representing 6.32% ownership of the company. In it’s prior filing, the firm reported owning 5,307,751 shares, representing an increase of 33.55%. The firm decreased its portfolio allocation in ORTX by 9.32% over the last quarter.
Deerfield Management Company, L.p. (series C) holds 6,949,416 shares representing 5.50% ownership of the company. No change in the last quarter.
Temasek Holdings (Private) Ltd holds 4,319,049 shares representing 3.42% ownership of the company. No change in the last quarter.
What is the overall institutional sentiment?
There are 62 funds or institutions reporting positions in Orchard Therapeutics plc. This is a decrease of 8 owner(s) or 11.43%.
Average portfolio weight of all funds dedicated to Orchard Therapeutics plc is 0.0305%, a decrease of 4.3707%. Total shares owned by institutions decreased in the last three months by 8.27% to 54,369,227 shares.
Based on this information, institutional sentiment is bearish.
This article originally appeared on Fintel
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
