As Axogen INC (AXGN) Share Value Declined, Opaleye Management INC Cut Stake

AxoGen, Inc. (NASDAQ:AXGN) Logo

Opaleye Management Inc decreased its stake in Axogen Inc (AXGN) by 18.18% based on its latest 2019Q2 regulatory filing with the SEC. Opaleye Management Inc sold 200,000 shares as the company’s stock declined 24.93% . The hedge fund held 900,000 shares of the health care company at the end of 2019Q2, valued at $17.82 million, down from 1.10 million at the end of the previous reported quarter. Opaleye Management Inc who had been investing in Axogen Inc for a number of months, seems to be less bullish one the $563.31M market cap company. The stock increased 0.42% or $0.06 during the last trading session, reaching $14.35. About 304,294 shares traded. AxoGen, Inc. (NASDAQ:AXGN) has declined 60.31% since September 13, 2018 and is downtrending. It has underperformed by 60.31% the S&P500.

Opaleye Management Inc, which manages about $151.96 million and $328.09 million US Long portfolio, upped its stake in Eidos Therapeutics Inc by 105,550 shares to 305,550 shares, valued at $9.50 million in 2019Q2, according to the filing.

Analysts await AxoGen, Inc. (NASDAQ:AXGN) to report earnings on November, 4. They expect $-0.17 earnings per share, down 54.55 % or $0.06 from last year’s $-0.11 per share. After $-0.16 actual earnings per share reported by AxoGen, Inc. for the previous quarter, Wall Street now forecasts 6.25 % negative EPS growth.

More notable recent AxoGen, Inc. (NASDAQ:AXGN) news were published by: Globenewswire.com which released: “AxoGen Appoints Eric Sandberg as Chief Commercial Officer – GlobeNewswire” on January 22, 2019, also Seekingalpha.com with their article: “Axogen to increase enrollment in late-stage nerve graft study; shares down 4% premarket – Seeking Alpha” published on April 22, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About AxoGen, Inc. (AXGN) – Yahoo Finance” on June 14, 2019. More interesting news about AxoGen, Inc. (NASDAQ:AXGN) were released by: Seekingalpha.com and their article: “AxoGen beats by $0.03, beats on revenue – Seeking Alpha” published on May 08, 2019 as well as Globenewswire.com‘s news article titled: “AxoGen to Participate at AAHS ASPN ASRM 2019 Annual Meetings – GlobeNewswire” with publication date: January 24, 2019.

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