Belpointe Asset Management LLC bought a new position in iBio, Inc. (NYSEAMERICAN:IBIO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 117,750 shares of the biotechnology company’s stock, valued at approximately $178,000. Belpointe Asset Management LLC owned about 0.05% of iBio as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. First Manhattan Co. purchased a new position in iBio in the first quarter worth about $32,000. InterOcean Capital Group LLC lifted its position in shares of iBio by 133.3% during the 1st quarter. InterOcean Capital Group LLC now owns 35,000 shares of the biotechnology company’s stock valued at $54,000 after buying an additional 20,000 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of iBio during the 1st quarter valued at about $55,000. Cubist Systematic Strategies LLC purchased a new position in shares of iBio during the 1st quarter valued at about $60,000. Finally, SG Americas Securities LLC lifted its position in shares of iBio by 266.9% during the 1st quarter. SG Americas Securities LLC now owns 48,413 shares of the biotechnology company’s stock valued at $75,000 after buying an additional 35,217 shares in the last quarter. 19.96% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut iBio from a “buy” rating to a “hold” rating in a research report on Tuesday, July 20th.
iBio, Inc is a biotechnology company, which engages in the development and manufacture of biotherapeutics. Its pipeline include idiopathic pulmonary fibrosis, systemic sclerosis, and scleroderma. The firm operates through the iBio, Inc and iBio CDMO business segments. The company was founded by Robert B.
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