New York State Common Retirement Fund Makes New Investment in Adicet Bio, Inc. (NASDAQ:ACET)

New York State Common Retirement Fund acquired a new position in shares of Adicet Bio, Inc. (NASDAQ:ACET) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,900 shares of the company’s stock, valued at approximately $184,000.

A number of other institutional investors have also recently modified their holdings of the business. Millennium Management LLC grew its stake in Adicet Bio by 715.5% during the first quarter. Millennium Management LLC now owns 180,041 shares of the company’s stock worth $2,355,000 after buying an additional 157,963 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Adicet Bio during the first quarter worth about $13,709,000. D. E. Shaw & Co. Inc. grew its stake in Adicet Bio by 32.5% during the first quarter. D. E. Shaw & Co. Inc. now owns 32,486 shares of the company’s stock worth $425,000 after buying an additional 7,969 shares during the last quarter. Orbimed Advisors LLC lifted its position in shares of Adicet Bio by 7.8% during the first quarter. Orbimed Advisors LLC now owns 7,232,856 shares of the company’s stock worth $94,606,000 after purchasing an additional 524,349 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Adicet Bio during the first quarter worth approximately $355,000. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ACET opened at $6.89 on Tuesday. Adicet Bio, Inc. has a 52 week low of $6.25 and a 52 week high of $18.89. The company has a market capitalization of $219.39 million, a PE ratio of -1.54 and a beta of 2.42. The company has a 50 day moving average price of $7.55 and a two-hundred day moving average price of $10.93.

Adicet Bio (NASDAQ:ACET) last issued its quarterly earnings data on Wednesday, August 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. As a group, equities analysts forecast that Adicet Bio, Inc. will post -1.89 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Adicet Bio from a “buy” rating to a “hold” rating in a research report on Friday. Jonestrading reiterated a “buy” rating and set a $33.00 target price on shares of Adicet Bio in a research report on Tuesday, August 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Adicet Bio currently has a consensus rating of “Buy” and an average target price of $26.39.

Adicet Bio Company Profile

Adicet Bio, Inc is a biotechnology company, which engages in the design and development of off-the-shelf allogeneic gamma delta T cell therapies for cancer and other diseases. The company was founded by Aya Jakobovits in November 2014 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for Adicet Bio (NASDAQ:ACET)

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