How Did Michael Castor’s Picks Play Out in Q4?

#1 Quotient Ltd (NASDAQ:QTNT)

– Shares Owned by Sio Capital (as of September 30): 1.58 million

– Value of Holding (as of September 30): $16.67 million

The conviction that  Sio Capital  displayed in Quotient Ltd (NASDAQ:QTNT) by increasing its stake in the commercial-stage diagnostics company by 45% during the third quarter – when its stock fell 12% – paid off handsomely during the fourth quarter. On December 3, shares of the company spiked after it announced that it had entered into a design and build contract with MW High Tech Projects UK Limited for the construction of a new product development and manufacturing facility. The stock sustained most of the gains and ended the fourth quarter up by 23%.

Quotient Ltd (NASDAQ:QTNT) is expected to report its fourth quarter earnings early next month. The Street estimates a loss of $0.76 per share on revenue of $4.03 million. During the third quarter, the ownership of the company among the funds covered by us increased by two to nine. Bihua Chen‘s Cormorant Asset Management was one of the funds that initiated a stake in Quotient during the third quarter; it purchased 500,000 shares of the company.

Disclosure: None