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Clear Creek Financial Management LLC Acquires 51,390 Shares of Cassava Sciences, Inc. (NASDAQ:SAVA)

Clear Creek Financial Management LLC Acquires 51,390 Shares of Cassava Sciences, Inc. (NASDAQ:SAVA)

Clear Creek Financial Management LLC raised its holdings in shares of Cassava Sciences, Inc. (NASDAQ:SAVA – Get Rating) by 323.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,270 shares of the company’s stock after purchasing an additional 51,390 shares during the quarter. Clear Creek Financial Management LLC owned 0.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of Cassava Sciences worth $1,987,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other institutional investors have also bought and sold shares of the business. IVC Wealth Advisors LLC raised its stake in shares of Cassava Sciences by 2.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. IVC Wealth Advisors LLC now owns 14,815 shares of the company’s stock valued at $620,000 after acquiring an additional 400 shares during the period. Virtus ETF Advisers LLC raised its stake in shares of Cassava Sciences by 28.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Virtus ETF Advisers LLC now owns 4,241 shares of the company’s stock valued at $119,000 after acquiring an additional 942 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Cassava Sciences by 679.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. SOA Wealth Advisors LLC. now owns 608 shares of the company’s stock valued at $25,000 after acquiring an additional 530 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Cassava Sciences in the third quarter valued at $205,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Cassava Sciences by 5.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,608 shares of the company’s stock valued at $611,000 after acquiring an additional 806 shares during the period. Institutional investors own 25.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Barry purchased 11,565 shares of Cassava Sciences stock in a transaction that occurred on Monday, March 6th. The shares were bought at an average price of $26.13 per share, with a total value of $302,193.45. Following the purchase, the director now directly owns 197,724 shares of the company’s stock, valued at approximately $5,166,528.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

Cassava Sciences Trading Up 0.7 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

SAVA stock traded up $0.16 during trading on Friday, hitting $24.17. The company had a trading volume of 353,874 shares, compared to its average volume of 1,248,024. Cassava Sciences, Inc. has a 52-week low of $13.84 and a 52-week high of $51.59. The company has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $32.59.

Cassava Sciences (NASDAQ:SAVA – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.11. On average, research analysts anticipate that Cassava Sciences, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAVA. HC Wainwright reissued a “buy” rating and issued a $124.00 target price on shares of Cassava Sciences in a research note on Monday, March 6th. B. Riley reduced their target price on shares of Cassava Sciences from $44.00 to $28.00 in a research note on Wednesday, January 25th.

Cassava Sciences Company Profile

(Get Rating)

Cassava Sciences, Inc engages in the development of novel drugs and diagnostics. It focuses on developing product candidates intended for the treatment of Alzheimer’s disease, including PTI-125 and PTI-125Dx. The company was founded by Remi Barbier in May 1998 and is headquartered in Austin, TX.

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Want to see what other hedge funds are holding SAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cassava Sciences, Inc. (NASDAQ:SAVA – Get Rating).

Institutional Ownership by Quarter for Cassava Sciences (NASDAQ:SAVA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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DeSantis denies report of ‘U-Turn’ on Disney’s Reedy Creek

DeSantis denies report of ‘U-Turn’ on Disney’s Reedy Creek

Florida Gov. Ron DeSantis denied a report Friday that the point out was considering reversing its final decision to dissolve Disney’s unique governing district in close proximity to Orlando.

In a assertion, a spokesperson for DeSantis stated the governor “does not make U-turns.”

“The governor was correct to winner eliminating the extraordinary profit supplied to one firm by way of the Reedy Creek Advancement District,” the governor’s place of work said. “We will have an even actively playing field for corporations in Florida, and the point out definitely owes no specific favors to one particular organization. Disney’s debts will not fall on the taxpayers of Florida. A plan is in the will work and will be released shortly.”

Before Friday, the Financial Situations reported Florida lawmakers viewed as trying to keep in area the exclusive governing district that encompasses Disney Globe as Disney CEO Bob Iger returned to direct the firm.

In April, Tallahassee legislators voted to dissolve Disney’s 55-yr-outdated specific tax district just after Disney and former CEO Bob Chapek objected to DeSantis’ go to prohibit training about sexual orientation or gender identity to college students in kindergarten by 3rd quality.

But in accordance to the FT report, state lawmakers are now working on a compromise that would allow for Disney to hold the exclusive district in area, with a couple of modifications.

Iger’s return as Disney CEO final thirty day period would aid pave the way for a resolution, the FT reported.

“It’s simpler to shift policy when you do not have to protect the old policy,” Florida State Rep. Randy Great, who drafted the monthly bill to dissolve the district, explained to the FT. “Chapek screwed up, but Bob Iger does not have to individual that screw-up.” 

Fantastic could not promptly be arrived at for comment.

The 25,000-acre Reedy Creek home is a de facto metropolis-within just-a-metropolis operate by Disney. It makes it possible for the firm to sustain its own infrastructure, streets, fireplace department, and water district so that Disney Globe is not reliant on state and area municipal companies. It can also develop or make variations to its physical properties with out owning to be responsive to a local organizing board. And it can challenge bonds to raise revenue for advancements.

Disney however pays residence taxes and other levies to the jurisdictions in which it sits, together with Orange and Osceola counties.

The FT report states Iger advised Disney workforce Monday that he was “sorry to see us get dragged into [the] battle” around Reedy Creek and wanted time to “get up to speed” on the problem.

“What I can say [is] the point out of Florida has been important to us for a extensive time and we have been very significant to the condition of Florida,” Iger extra. “That is anything I’m really mindful of and will articulate if I get the possibility.” 

A representative for Disney did not immediately reply to a ask for for remark.

Rob Wile is a breaking business enterprise news reporter for NBC Information Digital.