WINTON GROUP Ltd acquired a new stake in shares of Trevi Therapeutics, Inc. (NASDAQ:TRVI – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 106,852 shares of the company’s stock, valued at approximately $1,993,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Trevi Therapeutics by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 27,720 shares of the company’s stock worth $174,000 after purchasing an additional 4,688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Trevi Therapeutics by 31.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,143 shares of the company’s stock valued at $278,000 after buying an additional 10,445 shares during the period. Millennium Management LLC lifted its holdings in shares of Trevi Therapeutics by 356.3% in the first quarter. Millennium Management LLC now owns 823,249 shares of the company’s stock worth $5,178,000 after buying an additional 642,830 shares in the last quarter. Strs Ohio purchased a new stake in shares of Trevi Therapeutics in the first quarter worth about $52,000. Finally, Creative Planning boosted its position in shares of Trevi Therapeutics by 17.5% in the second quarter. Creative Planning now owns 20,247 shares of the company’s stock valued at $111,000 after acquiring an additional 3,016 shares during the period. Hedge funds and other institutional investors own 95.76% of the company’s stock.
Trevi Therapeutics Trading Down 0.1%
Shares of NASDAQ TRVI opened at $15.90 on Friday. Trevi Therapeutics, Inc. has a 12 month low of $7.64 and a 12 month high of $20.22. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -46.76 and a beta of 1.04. The business has a 50-day moving average of $17.80 and a 200-day moving average of $15.19.
Wall Street Analysts Forecast Growth
TRVI has been the subject of several recent analyst reports. HC Wainwright boosted their price objective on shares of Trevi Therapeutics from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Wall Street Zen downgraded shares of Trevi Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Trevi Therapeutics in a research report on Friday, July 17th. B. Riley Financial upped their price target on shares of Trevi Therapeutics from $21.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Cantor Fitzgerald increased their price objective on Trevi Therapeutics from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trevi Therapeutics presently has an average rating of “Buy” and a consensus target price of $27.08.
Get Our Latest Research Report on TRVI
About Trevi Therapeutics
Trevi Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on developing medicines for chronic cough and other conditions involving dysregulated sensory nerve activity. The company’s lead product candidate is Haduvio, an oral extended-release formulation of nalbuphine designed to reduce chronic cough through activity at opioid receptors.
Trevi is studying Haduvio for chronic cough associated with idiopathic pulmonary fibrosis, a progressive lung disease, as well as refractory chronic cough, a condition in which coughing persists despite treatment of underlying causes.
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