Beyond Air, Inc. (NASDAQ:XAIR) Director Robert Carey Buys 1,000,000 Shares

Beyond Air, Inc. (NASDAQ:XAIR) Director Robert Carey bought 1,000,000 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $0.25 per share, for a total transaction of $250,000.00. Following the purchase, the director now owns 4,076,864 shares in the company, valued at approximately $1,019,216. This represents a 32.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Beyond Air Price Performance

NASDAQ:XAIR opened at $0.30 on Tuesday. Beyond Air, Inc. has a fifty-two week low of $0.24 and a fifty-two week high of $1.78. The stock’s 50-day moving average is $0.35 and its two-hundred day moving average is $0.41. The stock has a market cap of $20.75 million, a PE ratio of -0.28 and a beta of 0.16.

Beyond Air (NASDAQ:XAIR) last released its earnings results on Monday, February 10th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.09. Beyond Air had a negative return on equity of 226.01% and a negative net margin of 1,730.00%. During the same quarter in the previous year, the firm posted ($0.50) EPS. On average, equities research analysts anticipate that Beyond Air, Inc. will post -0.79 earnings per share for the current year.

Hedge Funds Weigh In On Beyond Air

Several institutional investors and hedge funds have recently bought and sold shares of XAIR. Alyeska Investment Group L.P. acquired a new stake in shares of Beyond Air during the 4th quarter valued at about $2,560,000. Balyasny Asset Management L.P. acquired a new stake in shares of Beyond Air during the 4th quarter valued at about $1,195,000. Soros Fund Management LLC acquired a new stake in shares of Beyond Air during the 3rd quarter valued at about $573,000. Baldwin Wealth Partners LLC MA lifted its holdings in shares of Beyond Air by 721.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 308,000 shares of the company’s stock valued at $110,000 after buying an additional 270,500 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Beyond Air by 81.0% during the 4th quarter. Geode Capital Management LLC now owns 562,713 shares of the company’s stock valued at $202,000 after buying an additional 251,823 shares during the last quarter. Hedge funds and other institutional investors own 31.50% of the company’s stock.

Beyond Air Company Profile

Beyond Air, Inc operates as a commercial-stage medical device and biopharmaceutical company in the United States. The company engages in the development of LungFit platform, a nitric oxide generator and delivery system. It offers LungFit PH for the treatment of persistent pulmonary hypertension of the newborn.