Why Coherus Biosciences, Hortonworks and 3 Other Stocks Are Posting Big Gains Today

Organovo Holdings Demonstrates Effectiveness of its 3D bioprinted Human Liver Tissues

Organovo Holdings Inc (NYSEMKT:ONVO)’s stock has jumped by more than 5% today after the company demonstrated the superiority of its 3D bioprinted human liver tissues to effectively model drug-induced liver injury and distinguish between highly-related compounds with different toxicity profiles according to research published in the scientific journal PLOS One. According to the publication, researchers at Organovo and Roche Pharmaceutical Research were able to detect dose-dependent toxicity of trovafloxacin compared to levofloxacin, a structurally related but non-toxic compound using Organovo’s 3D bioprinted human liver tissues.

D E Shaw is one of the notable hedge funds that we track which had shares of Organovo Holdings Inc (NYSEMKT:ONVO) in its portfolio at the end of the first quarter.

Jefferies Upgrades Hi-Crush Partners

Hi-Crush Partners LP (NYSE:HCLP) has surged by 5% today after financial services firm Jefferies Group upgraded the company to ‘Buy’ from ‘Hold’ in a report published on Monday. The firm has also upped its price target on the Houston-based producer and supplier of monocrystalline sand to $20 from $6. Phil Frohlich’s Prescott Group Capital Management is one of eight hedge funds in our database that was long Hi-Crush Partners LP (NYSE:HCLP) at the end of March.

Kratos Defense Wins $40.8 Million Contract

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)’s stock has soared by more than 13% today after it announced that it has been awarded a $40.8 million contract for the low-cost attritable strike unmanned aerial system demonstration. The contract from the Air Force Research Laboratory also outlines additional government-funded spirals of approximately $100 million to continue to upgrade and evolve the technology. Initially, Kratos will receive $7.3 million in government funding, with an investment of up to $33.5 million over the approximate 30-month period of performance.

Chuck Royce’s Royce & Associates is one of nine hedge funds in our database that owned shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) at the conclusion of the first quarter.

Disclosure: None