Fintel reports that CHI Advisors has filed a 13G/A form with the SEC disclosing ownership of 2.37MM shares of Oncorus Inc (ONCR). This represents 9.11% of the company.
In their previous filing dated February 11, 2022 they reported 2.11MM shares and 8.16% of the company, an increase in shares of 12.37% and an increase in total ownership of 0.95% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 767.56% Upside
As of February 13, 2023, the average one-year price target for Oncorus is $3.57. The forecasts range from a low of $2.02 to a high of $5.25. The average price target represents an increase of 767.56% from its latest reported closing price of $0.41.
The projected annual revenue for Oncorus is $0MM. The projected annual EPS is -$1.63.
What is the Fund Sentiment?
There are 56 funds or institutions reporting positions in Oncorus. This is a decrease of 57 owner(s) or 50.44% in the last quarter. Average portfolio weight of all funds dedicated to ONCR is 0.04%, an increase of 22.26%. Total shares owned by institutions decreased in the last three months by 3.83% to 16,565K shares. The put/call ratio of ONCR is 0.00, indicating a bullish outlook.
What are large shareholders doing?
Deerfield Management Company, L.p. holds 3,149K shares representing 12.12% ownership of the company. No change in the last quarter.
Mpm Asset Management holds 2,849K shares representing 10.97% ownership of the company. No change in the last quarter.
MPM Oncology Impact Management holds 2,377K shares representing 9.15% ownership of the company. No change in the last quarter.
Citadel Advisors holds 1,915K shares representing 7.37% ownership of the company. In it's prior filing, the firm reported owning 1,892K shares, representing an increase of 1.20%. The firm decreased its portfolio allocation in ONCR by 39.32% over the last quarter.
Fosun International holds 962K shares representing 3.71% ownership of the company. No change in the last quarter.
Oncorus Background Information
(This description is provided by the company.)
At Oncorus, the company is focused on driving innovation to deliver next-generation viral immunotherapies to transform outcomes for cancer patients. Oncorus is advancing a portfolio of intratumorally and intravenously administered viral immunotherapies for multiple indications with significant unmet needs based on our oncolytic Herpes Simplex Virus (oHSV) Platform and Synthetic Virus Platform. Designed to deliver next-generation viral immunotherapy impact, our oHSV platform improves upon key characteristics of this therapeutic class to enhance potency without sacrificing safety, including greater capacity to encode transgenes to drive systemic immunostimulatory activity, retention of full replication competency to enable high tumor-killing potency, and orthogonal safety strategies to restrict viral activity to tumor cells. Its lead program, ONCR-177, is designed to be directly administered into a tumor, resulting in high local concentrations of the therapeutic agent, as well as low systemic exposure to the therapy, which we believe could potentially limit systemic toxicities.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
