Royce & Associates LP Acquires 227,600 Shares of Correvio Pharma Corp (CORV)

Royce & Associates LP raised its holdings in Correvio Pharma Corp (NASDAQ:CORV) by 89.3% during the 4th quarter, Holdings Channel reports. The firm owned 482,500 shares of the company’s stock after acquiring an additional 227,600 shares during the period. Royce & Associates LP’s holdings in Correvio Pharma were worth $1,201,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in Correvio Pharma in the fourth quarter valued at $39,000. Worth Venture Partners LLC purchased a new stake in Correvio Pharma in the third quarter valued at $173,000. Tamarack Advisers LP boosted its holdings in Correvio Pharma by 3.2% in the fourth quarter. Tamarack Advisers LP now owns 2,125,000 shares of the company’s stock valued at $5,291,000 after purchasing an additional 65,000 shares during the last quarter. Columbia Pacific Advisors LLC purchased a new stake in shares of Correvio Pharma during the 4th quarter worth about $251,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Correvio Pharma by 22.1% during the 3rd quarter. Renaissance Technologies LLC now owns 739,248 shares of the company’s stock worth $2,972,000 after acquiring an additional 133,825 shares in the last quarter. 41.88% of the stock is currently owned by institutional investors.

CORV stock opened at $3.91 on Friday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 3.46 and a current ratio of 4.05. Correvio Pharma Corp has a 52-week low of $1.48 and a 52-week high of $5.24. The stock has a market cap of $152.88 million, a PE ratio of -4.34 and a beta of 0.67.

Correvio Pharma (NASDAQ:CORV) last posted its earnings results on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.01. Correvio Pharma had a negative net margin of 68.98% and a negative return on equity of 294.35%. The business had revenue of $8.95 million for the quarter, compared to analyst estimates of $8.40 million.

CORV has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and set a $10.50 target price on shares of Correvio Pharma in a research note on Monday, January 14th. B. Riley initiated coverage on shares of Correvio Pharma in a research note on Tuesday, December 4th. They set a “buy” rating and a $7.00 target price on the stock.

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Correvio Pharma Company Profile

Correvio Pharma Corp., a specialty pharmaceutical company, provides various products to meet the needs of acute care physicians and patients worldwide. It develops, acquires, and commercializes various brands for the in-hospital acute care market segment. The company's portfolio of marketed brands include Xydalba (dalbavancin hydrochloride) for the treatment of acute bacterial skin and skin structure infections; Zevtera/Mabelio (ceftobiprole medocaril sodium), a cephalosporin antibiotic for the treatment of community and hospital-acquired pneumonia; and Brinavess (vernakalant IV) for the rapid conversion of recent onset atrial fibrillation to sinus rhythm.

Further Reading: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Correvio Pharma (NASDAQ:CORV)

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