195,746 Shares in Schrodinger, Inc. $SDGR Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Schrodinger, Inc. (NASDAQ:SDGR) in the second quarter, Holdings Channel reports. The fund acquired 195,746 shares of the company’s stock, valued at approximately $3,181,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDGR. EverSource Wealth Advisors LLC lifted its position in shares of Schrodinger by 722.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after buying an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Schrodinger in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. grew its holdings in shares of Schrodinger by 5,025.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after acquiring an additional 1,558 shares in the last quarter. State of Wyoming purchased a new stake in shares of Schrodinger during the second quarter valued at approximately $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Schrodinger during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Stock Down 3.5%

Shares of SDGR stock opened at $19.70 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of -26.62 and a beta of 1.63. The company has a 50 day moving average of $16.89 and a 200-day moving average of $14.15. Schrodinger, Inc. has a 12-month low of $10.94 and a 12-month high of $23.02.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.49. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The business had revenue of $58.89 million for the quarter, compared to the consensus estimate of $47.19 million. During the same quarter in the prior year, the business earned ($0.65) earnings per share. Schrodinger’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Schrodinger, Inc. will post -1.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley cut their price objective on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. UBS Group started coverage on Schrodinger in a research report on Friday, August 14th. They set a “neutral” rating and a $19.00 target price for the company. Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

Schrodinger Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.