Anavex Life Sciences Corp. (AVXL): A Detailed Look at its Institutional Ownership

Anavex Life Sciences Corp. (NASDAQ:AVXL) produced a 12.4% rally since recording the worst price of $3.01. Thanks to the latest -6.11% decrease, it now trades at $3.38. Throughout the trading on 12/27/2017, the share price floated between $3.31 and $3.64. This company shares are 328.99% off its target price of $14.5 and the current market capitalization stands at $151.15M. The recent change has given its price a -13.66% deficit over SMA 50 and -49.1% deficit over its 52-week high. The stock witnessed -10.58% declines, -22.48% declines and -39.1% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AVXL’s volatility during a week at 7.44% and during a month it has been found around 6.5%.

Anavex Life Sciences Corp. (AVXL) Top Holders

Institutional investors currently hold around $36 million or 22.9% in AVXL stock. Look at its top three institutional owners. Park West Asset Management Llc owns $10.35 million in Anavex Life Sciences Corp., which represents roughly 6.84% of the company’s market cap and approximately 28.74% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 1,791,639 shares of the stock are valued at $6.45 million. The third largest holder is Vanguard Group Inc, which currently holds $5.96 million worth of this stock and that ownership represents nearly 3.95% of its market capitalization.

Anavex Life Sciences Corp. 13F Filings

At the end of 09/30/2017 reporting period, 28 institutional holders increased their position in Anavex Life Sciences Corp. (NASDAQ:AVXL) by some 455,771 shares, 19 decreased positions by 712,581 and 20 held positions by 8,868,927. That puts total institutional holdings at 10,037,279 shares, according to SEC filings. The stock grabbed 6 new institutional investments totaling 129,748 shares while 5 institutional investors sold out their entire positions totaling 54,867 shares.

Anavex Life Sciences Corp. (NASDAQ:AVXL) Insider Trades

Multiple company employees have indulged in significant insider trading. Anavex Life Sciences Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Missling Christopher U has acquired 375 shares of Anavex Life Sciences Corp. (AVXL) in trading session dated Oct. 25, 2017. These shares are worth $1,646 and were traded at $4.39 each. The SEC filing shows that Missling Christopher U performed a purchase of 375 shares. The President and CEO added these shares by way of transaction on Oct. 24, 2017. The company’s shares were assimilated at $4.92 per share worth to an investment of some $1,845 on account of Missling Christopher U.

President and CEO, Missling Christopher U, purchased 375 common shares of Anavex Life Sciences Corp. (AVXL) in the open market. In a transaction dated Oct. 19, 2017, the shares were bought at an average price of $4.49, giving away a sum of $1,684. After this purchase, 1,011,500 common shares of AVXL are directly owned by the insider, with total stake valued at $3,418,870.

In the transaction dated Oct. 17, 2017, the great number of shares acquired came courtesy the President and CEO; Missling Christopher U added a total of 375 shares at an average price of $4.27, amounting to approximately $1,601. The insider now directly owns 1,011,125 shares worth $3,417,603.

Anavex Life Sciences Corp. (AVXL) Analyst Guide

Not many analysts have released their opinion on Anavex Life Sciences Corp. (NASDAQ:AVXL), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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