Alkermes PLC (ALKS) Director Paul J. Mitchell Sells 1,000 Shares
Alkermes PLC (NASDAQ:ALKS) Director Paul J. Mitchell sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $51.98, for a total value of $51,980.00. Following the completion of the sale, the director now owns 9,000 shares of the company’s stock, valued at approximately $467,820. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Alkermes PLC (NASDAQ ALKS) traded up $1.41 during trading on Friday, hitting $53.70. The company had a trading volume of 1,692,614 shares, compared to its average volume of 839,906. The company has a quick ratio of 2.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.23. Alkermes PLC has a 1-year low of $46.42 and a 1-year high of $63.40.
Alkermes (NASDAQ:ALKS) last posted its earnings results on Thursday, October 26th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $217.40 million during the quarter, compared to the consensus estimate of $231.29 million. Alkermes had a negative return on equity of 7.27% and a negative net margin of 20.12%. Alkermes’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. equities research analysts forecast that Alkermes PLC will post -0.59 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its holdings in Alkermes by 12.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,875 shares of the company’s stock valued at $109,000 after purchasing an additional 212 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Alkermes during the 3rd quarter valued at $126,000. Greenwood Capital Associates LLC increased its holdings in Alkermes by 1.1% during the 2nd quarter. Greenwood Capital Associates LLC now owns 3,770 shares of the company’s stock valued at $219,000 after purchasing an additional 41 shares in the last quarter. Virtu Financial LLC acquired a new stake in Alkermes during the 3rd quarter valued at $201,000. Finally, US Bancorp DE increased its holdings in Alkermes by 366.4% during the 2nd quarter. US Bancorp DE now owns 3,974 shares of the company’s stock valued at $231,000 after purchasing an additional 3,122 shares in the last quarter. 99.75% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. Credit Suisse Group reduced their price objective on Alkermes from $70.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Barclays set a $50.00 target price on Alkermes and gave the stock a “hold” rating in a research report on Thursday, October 26th. Citigroup set a $62.00 target price on Alkermes and gave the stock a “hold” rating in a research report on Thursday, October 26th. BidaskClub downgraded Alkermes from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Mizuho set a $81.00 target price on Alkermes and gave the stock a “buy” rating in a research report on Saturday, October 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.55.
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Alkermes Company Profile
Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).
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