Sorrento Therapeutics Inc (SRNE)

[John-Knee]

Great West Life Assurance Co. Can Acquires New Stake in Sorrento Therapeutics Inc (NASDAQ:SRNE)
Posted by Ethan Ryder on Oct 6th, 2020

https://www.tickerreport.com/banking-finance/6432270/great-west-life-assurance-co-can-acquires-new-stake-in-sorrento-therapeutics-inc-nasdaqsrne.html

Sorrento Therapeutics logoGreat West Life Assurance Co. Can acquired a new stake in shares of Sorrento Therapeutics Inc (NASDAQ:SRNE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,183 shares of the biopharmaceutical company’s stock, valued at approximately $45,000.

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A number of other institutional investors and hedge funds have also bought and sold shares of SRNE. Vanguard Group Inc. boosted its holdings in Sorrento Therapeutics by 48.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,768,037 shares of the biopharmaceutical company’s stock valued at $61,344,000 after acquiring an additional 3,200,338 shares during the period. Cormorant Asset Management LP boosted its holdings in Sorrento Therapeutics by 30.0% during the 2nd quarter. Cormorant Asset Management LP now owns 6,500,000 shares of the biopharmaceutical company’s stock valued at $40,820,000 after acquiring an additional 1,500,000 shares during the period. Coatue Management LLC purchased a new position in Sorrento Therapeutics during the 2nd quarter valued at $8,478,000. Alliancebernstein L.P. lifted its holdings in shares of Sorrento Therapeutics by 146.3% in the 1st quarter. Alliancebernstein L.P. now owns 673,400 shares of the biopharmaceutical company’s stock worth $1,239,000 after buying an additional 400,000 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Sorrento Therapeutics in the 2nd quarter worth $2,038,000. Institutional investors own 24.09% of the company’s stock.