BlackRock Fund Advisors recently announced the acquisition of new stake in Bluebird bio Inc (NASDAQ:BLUE). The institutional investor has increased its shareholding in the Healthcare company by 0.89% to 7.81 million shares with purchase of 69040.0 shares. This fresh investment now brings its stake to 7.14% valued currently at $10.78 million. In addition, The Vanguard Group, Inc. raised its holdings by 46776.0 to 5.45 million shares.
Currently, there are 192.74M common shares owned by the public and among those 187.49M shares have been available to trade.
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Insiders at the company have transacted a total of 19 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 297,003 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 29,964 shares.
The top 3 mutual fund holders in Bluebird bio Inc are SPDR S&P Biotech ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. SPDR S&P Biotech ETF owns 11.57 million shares of the company’s stock, all valued at over $15.97 million. The company sold -0.11 million shares recently to bring their total holdings to about 10.58% of the shares outstanding. Vanguard Total Stock Market ETF bought 2.66 million shares to see its total holdings expand to 6.05 million shares valued at over $8.35 million and representing 5.53% of the shares outstanding. iShares Russell 2000 ETF sold 7560.0 shares to bring its total holdings to over 2.85 million shares at a value of $3.94 million. iShares Russell 2000 ETF now owns shares totaling to 2.61% of the shares outstanding.
However, the script later moved the day high at 1.3800, down -8.99%. The company’s stock has a 5-day price change of -8.33% and -55.92% over the past three months. BLUE shares are trading -8.33% year to date (YTD), with the 12-month market performance down to -79.00% lower. It has a 12-month low price of $1.26 and touched a high of $6.82 over the same period. BLUE has an average intraday trading volume of 11.16 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 -13.09%, -53.45%, and -61.50% respectively.
Institutional ownership of Bluebird bio Inc (NASDAQ: BLUE) shares accounts for 45.90% of the company’s 192.74M shares outstanding. Mutual fund holders own 40.84%, while other institutional holders and individual stakeholders account for 6.34% and 40.17% respectively.
It has a market capitalization of $243.82M and a beta (3y monthly) value of 0.70. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.99% over the week and 8.75% over the month.
Analysts forecast that Bluebird bio Inc (BLUE) will achieve an EPS of -$0.65 for the current quarter, -$0.51 for the next quarter and -$1.77 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.75 while analysts give the company a high EPS estimate of -$0.38. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 43.96%, and 10.77% over the next financial year. EPS should grow at an annualized rate of 45.80% over the next five years, compared to 15.14% over the past 5-year period.
