Trexquant Investment LP Acquires New Stake in Alkermes PLC (ALKS)
Trexquant Investment LP acquired a new stake in shares of Alkermes PLC (NASDAQ:ALKS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,291 shares of the company’s stock, valued at approximately $218,000.
Several other institutional investors have also added to or reduced their stakes in ALKS. Janus Henderson Group PLC boosted its position in Alkermes by 13,784.0% in the second quarter. Janus Henderson Group PLC now owns 2,330,992 shares of the company’s stock worth $135,128,000 after purchasing an additional 2,314,203 shares during the last quarter. Fiera Capital Corp purchased a new position in Alkermes in the second quarter worth about $37,717,000. Vanguard Group Inc. boosted its position in Alkermes by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,546,198 shares of the company’s stock worth $727,303,000 after purchasing an additional 449,563 shares during the last quarter. First Trust Advisors LP boosted its position in Alkermes by 37.6% in the second quarter. First Trust Advisors LP now owns 979,813 shares of the company’s stock worth $56,800,000 after purchasing an additional 267,742 shares during the last quarter. Finally, Woodford Investment Management Ltd boosted its position in Alkermes by 2.4% in the second quarter. Woodford Investment Management Ltd now owns 7,647,977 shares of the company’s stock worth $443,353,000 after purchasing an additional 177,449 shares during the last quarter. 99.69% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on ALKS shares. Mizuho set a $81.00 target price on Alkermes and gave the stock a “buy” rating in a research report on Saturday, October 21st. ValuEngine cut Alkermes from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. UBS set a $54.00 target price on Alkermes and gave the stock a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group decreased their price objective on Alkermes from $70.00 to $66.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Finally, Barclays set a $50.00 price objective on Alkermes and gave the stock a “hold” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Alkermes has a consensus rating of “Hold” and a consensus price target of $63.55.
In related news, Director Paul J. Mitchell sold 1,500 shares of Alkermes stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $50.64, for a total transaction of $75,960.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kathryn L. Biberstein sold 13,566 shares of Alkermes stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $51.29, for a total value of $695,800.14. Following the sale, the chief accounting officer now directly owns 70,455 shares in the company, valued at approximately $3,613,636.95. The disclosure for this sale can be found here. Insiders have sold a total of 122,930 shares of company stock worth $6,051,110 in the last three months. 5.34% of the stock is owned by corporate insiders.
Alkermes PLC (NASDAQ ALKS) opened at $52.88 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.72 and a debt-to-equity ratio of 0.23. Alkermes PLC has a 12 month low of $46.42 and a 12 month high of $63.40.
Alkermes (NASDAQ:ALKS) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Alkermes had a negative return on equity of 7.27% and a negative net margin of 20.12%. The firm had revenue of $217.40 million for the quarter, compared to the consensus estimate of $231.29 million. During the same quarter last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. analysts predict that Alkermes PLC will post -0.59 EPS for the current year.
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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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