Ion Asset Management Ltd. buys $3,636,722 stake in Senomyx (SNMX)

Senomyx (SNMX) : Ion Asset Management Ltd. scooped up 647,160 additional shares in Senomyx during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 957,032 shares of Senomyx which is valued at $3,636,722.Senomyx makes up approximately 1.66% of Ion Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp added SNMX to its portfolio by purchasing 117,700 company shares during the most recent quarter which is valued at $447,260. Senomyx makes up approx 0.03% of Laurion Capital Management Lp’s portfolio. Teachers Advisors Inc sold out all of its stake in SNMX during the most recent quarter. The investment firm sold 63,013 shares of SNMX which is valued $239,449. Rhumbline Advisers sold out all of its stake in SNMX during the most recent quarter. The investment firm sold 43,053 shares of SNMX which is valued $163,601.Vnbtrust National Association reduced its stake in SNMX by selling 1,975 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 54,125 shares of SNMX which is valued at $138,019. Senomyx makes up approx 0.08% of Vnbtrust National Association’s portfolio.

Senomyx closed down -0.2 points or -4.57% at $4.18 with 2,05,637 shares getting traded on Thursday. Post opening the session at $4.24, the shares hit an intraday low of $4.11 and an intraday high of $4.3799 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Senomyx reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.06. The company had revenue of $6.60 million for the quarter, compared to analysts expectations of $6.18 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Senomyx Inc. is focused on using taste receptor technologies to discover develop and commercialize flavor ingredients for the packaged food beverage and ingredient supply industries to improve the nutritional profile of their products and generate cost of goods savings while maintaining or improving taste. The Company is engaged in the discovery development and/or commercialization of flavor ingredients through five programs focused on sweet savory bitter cooling and salt taste areas. It has developed taste receptor-based assays for use in its screening systems and to screen its compound libraries and identify potential flavor ingredients. It has identified S2383 a modifier of the sweetener sucralose; S6973 and S9632 two modifiers of sucrose or common table sugar and S617 a modifier of sucrose and high fructose corn syrup. It has also identified several sample classes of new cooling agents that demonstrate a taste proof-of-concept and display cooling properties.

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