BlackRock Fund Advisors recently announced the acquisition of new stake in Cosmos Health Inc. (NASDAQ:COSM). The institutional investor has increased its shareholding in the Healthcare company by 8.33% to 0.29 million shares with purchase of 22300.0 shares. This fresh investment now brings its stake to 2.22% valued currently at $0.35 million. In addition, Geode Capital Management LLC raised its holdings by 2793.0 to 95111.0 shares.
With over 6.12 million Cosmos Health Inc. (COSM) shares trading Monday and a closing price of $1.63 on the day, the dollar volume was approximately $9.97 million. The shares have shown a negative half year performance of -52.89% and its price on 09/18/23 gained nearly 17.27%. Currently, there are 13.07M common shares owned by the public and among those 10.98M shares have been available to trade.
Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 15,777,289 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Cosmos Health Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and iShares Tr. – Micro Cap ETF. Vanguard Extended Market Index Fu owns 0.13 million shares of the company’s stock, all valued at over $0.16 million. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.16% of the shares outstanding.
Shares of Cosmos Health Inc. (NASDAQ: COSM) opened at $1.47, up $0.08 from a prior closing price of $1.39. However, the script later moved the day high at 1.8594, up 17.27%. The company’s stock has a 5-day price change of 64.65% and -48.25% over the past three months. COSM shares are trading -64.25% year to date (YTD), with the 12-month market performance down to -83.33% lower. It has a 12-month low price of $0.99 and touched a high of $23.84 over the same period. COSM has an average intraday trading volume of 1.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 31.88%, -1.11%, and -58.81% respectively.
Institutional ownership of Cosmos Health Inc. (NASDAQ: COSM) shares accounts for 0.20% of the company’s 13.07M shares outstanding. Mutual fund holders own 10.28%, while other institutional holders and individual stakeholders account for 3.74% and 1.88% respectively.
It has a market capitalization of $19.82M and a beta (3y monthly) value of 2.98. The earnings-per-share (ttm) stands at -$9.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.94% over the week and 10.63% over the month.