River & Mercantile Asset Management LLP Makes New Investment in Calyxt Inc (NASDAQ:CLXT)

River & Mercantile Asset Management LLP acquired a new stake in Calyxt Inc (NASDAQ:CLXT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,720 shares of the company’s stock, valued at approximately $146,000.

Several other large investors also recently modified their holdings of CLXT. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Calyxt by 55.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 527,782 shares of the company’s stock valued at $6,587,000 after acquiring an additional 188,749 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of Calyxt by 51.2% in the second quarter. Nikko Asset Management Americas Inc. now owns 527,782 shares of the company’s stock valued at $6,587,000 after acquiring an additional 178,610 shares in the last quarter. BlackRock Inc. lifted its position in shares of Calyxt by 33.2% in the second quarter. BlackRock Inc. now owns 619,801 shares of the company’s stock valued at $7,735,000 after acquiring an additional 154,598 shares in the last quarter. California Public Employees Retirement System increased its stake in Calyxt by 648.7% in the first quarter. California Public Employees Retirement System now owns 87,600 shares of the company’s stock valued at $1,541,000 after purchasing an additional 75,900 shares during the last quarter. Finally, Morgan Stanley increased its stake in Calyxt by 694.1% in the second quarter. Morgan Stanley now owns 44,120 shares of the company’s stock valued at $550,000 after purchasing an additional 38,564 shares during the last quarter. Institutional investors and hedge funds own 28.05% of the company’s stock.

Several research firms recently commented on CLXT. Zacks Investment Research lowered Calyxt from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. BidaskClub upgraded Calyxt from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Finally, National Securities reiterated a “buy” rating and issued a $28.00 target price (down from $35.00) on shares of Calyxt in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Calyxt has a consensus rating of “Hold” and an average price target of $20.00.

Calyxt stock opened at $4.50 on Friday. The firm has a market capitalization of $157.43 million, a P/E ratio of -4.95 and a beta of 2.47. The stock has a fifty day moving average price of $6.12 and a 200 day moving average price of $11.28. Calyxt Inc has a 52 week low of $4.32 and a 52 week high of $19.30. The company has a current ratio of 15.96, a quick ratio of 15.94 and a debt-to-equity ratio of 0.23.

Calyxt (NASDAQ:CLXT) last released its earnings results on Tuesday, August 6th. The company reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.03. The firm had revenue of $0.41 million during the quarter, compared to analyst estimates of $0.30 million. Calyxt had a negative return on equity of 36.21% and a negative net margin of 5,509.93%. As a group, equities analysts predict that Calyxt Inc will post -1.11 EPS for the current year.

Calyxt Company Profile

Calyxt, Inc, a consumer-centric food- and agriculture-focused company, develops healthier specialty food ingredients and food crops using gene-editing technology for agriculture in the United States. It engages in the development of high oleic and low linolenic soybean product candidates; high fiber wheat; improved quality alfalfa product candidates; and cold storable and reduced browning potatoes.

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Institutional Ownership by Quarter for Calyxt (NASDAQ:CLXT)

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