Two Sigma Advisers LP lowered its stake in Ignyta Inc (NASDAQ:RXDX) by 26.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,400 shares of the biopharmaceutical company’s stock after selling 6,500 shares during the period. Two Sigma Advisers LP’s holdings in Ignyta were worth $491,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QS Investors LLC bought a new stake in shares of Ignyta in the 4th quarter worth about $117,000. Amalgamated Bank acquired a new position in shares of Ignyta in the 4th quarter valued at about $213,000. IFP Advisors Inc boosted its holdings in shares of Ignyta by 62.4% in the 4th quarter. IFP Advisors Inc now owns 12,743 shares of the biopharmaceutical company’s stock valued at $340,000 after buying an additional 4,898 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Ignyta in the 4th quarter valued at about $357,000. Finally, DLD Asset Management LP acquired a new position in shares of Ignyta in the 4th quarter valued at about $374,000. 72.28% of the stock is owned by institutional investors.
Ignyta stock opened at $26.98 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.07 and a quick ratio of 6.07. Ignyta Inc has a 52-week low of $5.80 and a 52-week high of $27.10.
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Ignyta, Inc is a biotechnology company. The Company is focused on precision medicine in oncology. The Company is pursuing an integrated therapeutic (Rx) and companion diagnostic (Dx) strategy for treating cancer patients. The Company’s pipeline includes various compounds, such as entrectinib, RXDX-105, taladegib and RXDX-106.
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