Avoro Capital Advisors Reduces $124M in Centessa Pharmaceuticals plc ($CNTA)
Key Points
- Avoro Capital Advisors changed its Centessa Pharmaceuticals plc ($CNTA) stake by 21.5% last quarter, cutting to 11,430,455 shares worth $454.02 million.
- Wall Street's consensus rating on $CNTA is Buy and an average price target of $44.17.
- $CNTA last traded around $39.72.
Avoro Capital Advisors reduced its position in Centessa Pharmaceuticals plc ($CNTA) by 21.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,430,455 shares of Centessa Pharmaceuticals plc after selling 3,125,100 shares during the quarter. Avoro Capital Advisors's holdings in Centessa Pharmaceuticals plc were worth $454.02 million as of its most recent filing.
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About Centessa Pharmaceuticals plc
Centessa Pharmaceuticals plc, together with its subsidiaries, discovers, develops, and delivers orexin-based neuroscience therapeutics in the United Kingdom and the United States. The company develops ORX750, an orexin receptor 2 agonist, which is in Phase IIa clinical trial for the treatment of central disorders of hypersomnolence, including narcolepsy type 1 and 2, as well as idiopathic hypersomnia. It also engages in the development of ORX142 which is in Phase I clinical trial for the treatment of neurological and neurodegenerative disorders; ORX489 which is in Phase I clinical trial for the treatment of neuropsychiatric disorders; and LockBody, an early-stage immuno-oncology program technology platform. The company was incorporated in 2020 and is headquartered in Altrincham, the United Kingdom.
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