Harbor Capital Advisors Inc. Reduces Position in Schrödinger, Inc. (NASDAQ:SDGR)

Harbor Capital Advisors Inc. decreased its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,329 shares of the company’s stock after selling 1,730 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Schrödinger were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. KBC Group NV increased its position in shares of Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares during the period. Quarry LP grew its stake in Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,599 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares during the period. Quest Partners LLC raised its stake in shares of Schrödinger by 1,005.6% in the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock worth $88,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Schrödinger during the third quarter worth about $102,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price target on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Schrödinger has an average rating of “Moderate Buy” and a consensus price target of $32.90.

Schrödinger Price Performance

NASDAQ:SDGR opened at $19.07 on Wednesday. The company has a 50 day moving average price of $20.46 and a 200-day moving average price of $20.02. Schrödinger, Inc. has a 1-year low of $16.67 and a 1-year high of $33.63. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -8.15 and a beta of 1.59.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.86) EPS. On average, sell-side analysts anticipate that Schrödinger, Inc. will post -2.29 earnings per share for the current fiscal year.

Schrödinger Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.