Alps Advisors Inc. lowered its stake in Aadi Bioscience, Inc. (NASDAQ:AADI – Get Rating) by 42.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,423 shares of the company’s stock after selling 9,046 shares during the period. Alps Advisors Inc.’s holdings in Aadi Bioscience were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in shares of Aadi Bioscience in the first quarter worth $294,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Aadi Bioscience in the second quarter worth $164,000. Eversept Partners LP purchased a new position in shares of Aadi Bioscience in the first quarter worth $2,559,000. Decheng Capital Management III Cayman LLC purchased a new position in shares of Aadi Bioscience in the first quarter worth $8,932,000. Finally, State Street Corp raised its holdings in shares of Aadi Bioscience by 72.0% in the first quarter. State Street Corp now owns 535,578 shares of the company’s stock worth $9,089,000 after buying an additional 224,178 shares during the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, LADENBURG THALM/SH SH decreased their price target on shares of Aadi Bioscience to $47.00 in a report on Tuesday, November 15th.
Aadi Bioscience Price Performance
Aadi Bioscience Profile
Aadi Bioscience, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing precision therapies for genetically defined cancers with alterations in mTOR pathway genes. Its lead drug candidate, FYARRO is a form of sirolimus bound to albumin. Aadi is evaluating FYARRO in cancers with known mTOR pathway activation, including tumor agnostic indications targeting specific genomic alterations that activate the mTOR pathway.
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