CVI Holdings LLC Takes Position in Charles & Colvard, Ltd. (NASDAQ:CTHR)

CVI Holdings LLC bought a new stake in shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 285,854 shares of the company’s stock, valued at approximately $452,000. Charles & Colvard, Ltd. comprises approximately 0.4% of CVI Holdings LLC’s investment portfolio, making the stock its 28th biggest holding. CVI Holdings LLC owned 1.00% of Charles & Colvard, Ltd. at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AGF Investments Inc. purchased a new position in Charles & Colvard, Ltd. during the 2nd quarter valued at $2,884,000. Wells Fargo & Company MN boosted its holdings in Charles & Colvard, Ltd. by 164.8% during the 2nd quarter. Wells Fargo & Company MN now owns 709,015 shares of the company’s stock valued at $1,120,000 after acquiring an additional 441,221 shares during the period. Renaissance Technologies LLC boosted its holdings in Charles & Colvard, Ltd. by 145.6% during the 2nd quarter. Renaissance Technologies LLC now owns 595,071 shares of the company’s stock valued at $940,000 after acquiring an additional 352,800 shares during the period. Vanguard Group Inc. boosted its holdings in Charles & Colvard, Ltd. by 174.7% during the 2nd quarter. Vanguard Group Inc. now owns 511,494 shares of the company’s stock valued at $808,000 after acquiring an additional 325,304 shares during the period. Finally, BlackRock Inc. boosted its holdings in Charles & Colvard, Ltd. by 321.9% during the 2nd quarter. BlackRock Inc. now owns 73,205 shares of the company’s stock valued at $115,000 after acquiring an additional 55,852 shares during the period. 16.38% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Roth Capital began coverage on Charles & Colvard, Ltd. in a report on Wednesday, June 12th. They set a “buy” rating and a $2.50 price objective for the company.



Shares of CTHR stock opened at $1.32 on Thursday. Charles & Colvard, Ltd. has a twelve month low of $0.80 and a twelve month high of $2.48. The stock has a market capitalization of $38.97 million, a price-to-earnings ratio of 19.43 and a beta of -0.67. The stock has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.40.

Charles & Colvard, Ltd. Profile

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.

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Institutional Ownership by Quarter for Charles & Colvard, Ltd. (NASDAQ:CTHR)

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