Comerica Bank reduced its holdings in shares of Avid Bioservices, Inc. (NASDAQ:CDMO – Get Rating) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,382 shares of the biopharmaceutical company’s stock after selling 10,325 shares during the quarter. Comerica Bank owned 0.06% of Avid Bioservices worth $557,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE bought a new position in Avid Bioservices in the first quarter valued at about $76,000. Captrust Financial Advisors raised its position in Avid Bioservices by 170.6% in the second quarter. Captrust Financial Advisors now owns 7,629 shares of the biopharmaceutical company’s stock valued at $116,000 after purchasing an additional 4,810 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Avid Bioservices by 155.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,783 shares of the biopharmaceutical company’s stock valued at $148,000 after purchasing an additional 4,741 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Avid Bioservices by 28.6% in the third quarter. Ensign Peak Advisors Inc now owns 11,460 shares of the biopharmaceutical company’s stock valued at $219,000 after buying an additional 2,550 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Avid Bioservices in the fourth quarter valued at about $162,000. 98.95% of the stock is currently owned by institutional investors.
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