Bank of New York Mellon Corp raised its stake in Pernix Therapeutics Holdings, Inc. (NASDAQ:PTX) by 27.8% during the first quarter, Holdings Channel reports. The fund owned 31,710 shares of the specialty pharmaceutical company’s stock after buying an additional 6,907 shares during the period. Bank of New York Mellon Corp’s holdings in Pernix Therapeutics Holdings were worth $118,000 at the end of the most recent reporting period.

Pernix Therapeutics Holdings, Inc. (NASDAQ PTX) traded down 7.84% during midday trading on Friday, reaching $2.47. 304,343 shares of the company traded hands. The stock’s market capitalization is $27.46 million. The company has a 50 day moving average price of $3.69 and a 200-day moving average price of $3.81. Pernix Therapeutics Holdings, Inc. has a one year low of $0.40 and a one year high of $7.15.

Pernix Therapeutics Holdings (NASDAQ:PTX) last posted its quarterly earnings results on Thursday, July 27th. The specialty pharmaceutical company reported ($2.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($4.40) by $2.24. The company had revenue of $34.32 million during the quarter. Analysts forecast that Pernix Therapeutics Holdings, Inc. will post ($3.70) EPS for the current fiscal year.

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Separately, ValuEngine lowered shares of Pernix Therapeutics Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th.

About Pernix Therapeutics Holdings

Pernix Therapeutics Holdings, Inc is a specialty pharmaceutical company. The Company focuses on identifying, developing and commercializing differentiated products that address unmet medical needs. It focuses on underserved therapeutic areas, such as central nervous system (CNS), including neurology and psychiatry, as well as other specialty therapeutic areas.

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Institutional Ownership by Quarter for Pernix Therapeutics Holdings (NASDAQ:PTX)

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