Landscape Capital Management L.L.C. Buys Shares of 175,844 Avantor Inc (NYSE:AVTR)

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Landscape Capital Management L.L.C. bought a new stake in shares of Avantor Inc (NYSE:AVTR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 175,844 shares of the company’s stock, valued at approximately $3,357,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zweig DiMenna Associates LLC purchased a new stake in Avantor during the 2nd quarter valued at $3,188,000. Quantitative Systematic Strategies LLC purchased a new stake in Avantor during the 2nd quarter valued at $698,000. Waratah Capital Advisors Ltd. purchased a new stake in Avantor during the 2nd quarter valued at $909,000. Carillon Tower Advisers Inc. purchased a new stake in Avantor during the 2nd quarter valued at $30,155,000. Finally, Asymmetry Capital Management L.P. purchased a new stake in Avantor during the 2nd quarter valued at $2,347,000. Institutional investors and hedge funds own 0.25% of the company’s stock.

NYSE AVTR traded up $0.26 on Thursday, hitting $15.99. 37,587 shares of the company traded hands, compared to its average volume of 1,759,912. The business has a 50 day simple moving average of $17.89. Avantor Inc has a 52-week low of $14.00 and a 52-week high of $19.58.

Avantor (NYSE:AVTR) last released its earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that Avantor Inc will post 0.57 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Avantor in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $20.00 price target on the stock. Goldman Sachs Group assumed coverage on Avantor in a research note on Tuesday, June 11th. They issued a “buy” rating and a $20.00 price target on the stock. Janney Montgomery Scott restated a “buy” rating and issued a $18.70 price target (down from $27.00) on shares of Avantor in a research note on Wednesday, June 26th. JPMorgan Chase & Co. assumed coverage on Avantor in a research note on Tuesday, June 11th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, William Blair assumed coverage on Avantor in a research note on Tuesday, June 11th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.81.

About Avantor

Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates in more than 30 countries and deliver an extensive portfolio of products and services.

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Institutional Ownership by Quarter for Avantor (NYSE:AVTR)

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