Highbridge Capital Management LLC Acquires New Position in ContraFect Co. (NASDAQ:CFRX)

Highbridge Capital Management LLC acquired a new stake in shares of ContraFect Co. (NASDAQ:CFRX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 178,861 shares of the biotechnology company’s stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFRX. HighTower Advisors LLC bought a new stake in ContraFect during the 4th quarter valued at about $61,000. Avantax Planning Partners Inc. bought a new stake in shares of ContraFect in the 1st quarter valued at about $72,000. WealthTrust Axiom LLC bought a new stake in shares of ContraFect in the 1st quarter valued at about $72,000. Rhumbline Advisers raised its holdings in shares of ContraFect by 58.4% in the 4th quarter. Rhumbline Advisers now owns 18,715 shares of the biotechnology company’s stock valued at $95,000 after purchasing an additional 6,901 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of ContraFect in the 1st quarter valued at about $96,000. Institutional investors own 66.03% of the company’s stock.

Several equities research analysts have recently commented on CFRX shares. Chardan Capital boosted their price target on shares of ContraFect from $15.00 to $17.50 and gave the company a “buy” rating in a report on Tuesday, March 16th. Mizuho reaffirmed a “buy” rating and issued a $10.00 price objective (down previously from $12.00) on shares of ContraFect in a research report on Wednesday, March 31st. Finally, WBB Securities assumed coverage on shares of ContraFect in a research report on Wednesday, March 31st. They issued a “speculative buy” rating and a $6.50 price objective on the stock.

Shares of ContraFect stock traded up $0.04 on Friday, reaching $4.29. The stock had a trading volume of 1,027 shares, compared to its average volume of 777,282. The firm’s 50 day moving average price is $4.06. ContraFect Co. has a 1 year low of $3.44 and a 1 year high of $8.00. The stock has a market cap of $168.74 million, a PE ratio of -2.87 and a beta of 0.93.

ContraFect (NASDAQ:CFRX) last released its earnings results on Monday, May 17th. The biotechnology company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.04. On average, sell-side analysts predict that ContraFect Co. will post -1.18 EPS for the current year.

ContraFect Company Profile

ContraFect Corporation, a clinical-stage biotechnology company, focuses on the discovery and development of therapeutic protein and antibody products for the treatment of life-threatening and drug-resistant infectious diseases in the United States. Its lead product candidates consist of CF-301, an investigational novel lysin, which is in Phase III clinical trials for the treatment of staphylococcus aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible.

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Institutional Ownership by Quarter for ContraFect (NASDAQ:CFRX)

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