Hanseatic Management Services Inc. Invests $608,000 in Alnylam Pharmaceuticals, Inc. (ALNY) Stock
Hanseatic Management Services Inc. acquired a new stake in shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,620 shares of the biopharmaceutical company’s stock, valued at approximately $608,000.
Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Alnylam Pharmaceuticals by 22.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,610 shares of the biopharmaceutical company’s stock valued at $926,000 after acquiring an additional 2,093 shares in the last quarter. TLP Group LLC bought a new position in Alnylam Pharmaceuticals during the 1st quarter valued at $380,000. Wellington Management Group LLP lifted its stake in Alnylam Pharmaceuticals by 0.3% during the 1st quarter. Wellington Management Group LLP now owns 12,041,179 shares of the biopharmaceutical company’s stock valued at $617,111,000 after acquiring an additional 31,208 shares in the last quarter. Hemenway Trust Co LLC bought a new position in Alnylam Pharmaceuticals during the 2nd quarter valued at $235,000. Finally, BlackRock Inc. lifted its stake in Alnylam Pharmaceuticals by 34,755.2% during the 1st quarter. BlackRock Inc. now owns 4,746,234 shares of the biopharmaceutical company’s stock valued at $243,242,000 after acquiring an additional 4,732,617 shares in the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.
Several equities analysts have weighed in on ALNY shares. Zacks Investment Research upgraded Alnylam Pharmaceuticals from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Wednesday, July 12th. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective (down from $98.00) on shares of Alnylam Pharmaceuticals in a research note on Thursday, September 7th. BMO Capital Markets restated an “outperform” rating and set a $99.00 price objective (down from $105.00) on shares of Alnylam Pharmaceuticals in a research note on Wednesday, September 6th. ValuEngine cut Alnylam Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 27th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $110.00 price objective (down from $126.00) on shares of Alnylam Pharmaceuticals in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $93.11.
Shares of Alnylam Pharmaceuticals, Inc. (NASDAQ ALNY) opened at 113.80 on Friday. Alnylam Pharmaceuticals, Inc. has a 52 week low of $31.38 and a 52 week high of $118.40. The company has a 50-day moving average price of $81.14 and a 200-day moving average price of $69.12. The company’s market capitalization is $10.44 billion.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last posted its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.22) by ($0.12). Alnylam Pharmaceuticals had a negative net margin of 670.81% and a negative return on equity of 45.53%. The firm had revenue of $15.93 million during the quarter, compared to the consensus estimate of $23.86 million. During the same period in the prior year, the company posted ($1.05) EPS. The firm’s revenue was up 82.9% compared to the same quarter last year. Analysts predict that Alnylam Pharmaceuticals, Inc. will post ($5.19) earnings per share for the current year.
In other Alnylam Pharmaceuticals news, President Barry E. Greene sold 76,815 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $100.00, for a total value of $7,681,500.00. Following the transaction, the president now owns 165,399 shares of the company’s stock, valued at $16,539,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
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Alnylam Pharmaceuticals Profile
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).
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