Virginia Retirement Systems ET AL Buys Shares of 11,100 Sarepta Therapeutics Inc (SRPT)
Virginia Retirement Systems ET AL bought a new position in Sarepta Therapeutics Inc (NASDAQ:SRPT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,100 shares of the biotechnology company’s stock, valued at approximately $503,000.
Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its position in Sarepta Therapeutics by 6.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,561 shares of the biotechnology company’s stock worth $154,000 after purchasing an additional 271 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Sarepta Therapeutics by 116.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the biotechnology company’s stock worth $155,000 after purchasing an additional 2,474 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Sarepta Therapeutics in the 3rd quarter worth about $204,000. Bayesian Capital Management LP acquired a new position in Sarepta Therapeutics in the 2nd quarter worth about $206,000. Finally, Strs Ohio acquired a new position in Sarepta Therapeutics in the 3rd quarter worth about $208,000. 82.02% of the stock is currently owned by institutional investors.
In related news, Director Hans Lennart Rudolf Wigzell sold 6,667 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $55.89, for a total transaction of $372,618.63. Following the completion of the sale, the director now owns 13,333 shares in the company, valued at approximately $745,181.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas S. Ingram bought 38,138 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $52.44 per share, with a total value of $1,999,956.72. Following the purchase, the chief executive officer now owns 420,196 shares in the company, valued at $22,035,078.24. The disclosure for this purchase can be found here. In the last three months, insiders have sold 28,167 shares of company stock worth $1,497,619. 9.60% of the stock is currently owned by insiders.
SRPT has been the topic of several research reports. Goldman Sachs Group reaffirmed a “buy” rating and issued a $71.00 target price on shares of Sarepta Therapeutics in a research report on Friday, October 6th. ValuEngine lowered Sarepta Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Sarepta Therapeutics in a research report on Monday, September 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $56.00 target price on shares of Sarepta Therapeutics in a research report on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $101.00 target price on shares of Sarepta Therapeutics in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Sarepta Therapeutics currently has an average rating of “Buy” and a consensus target price of $64.14.
Sarepta Therapeutics Inc (NASDAQ SRPT) opened at $54.26 on Monday. The company has a current ratio of 10.44, a quick ratio of 9.52 and a debt-to-equity ratio of 0.04. Sarepta Therapeutics Inc has a fifty-two week low of $26.26 and a fifty-two week high of $57.57.
Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings data on Wednesday, October 25th. The biotechnology company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.86) by $0.66. The business had revenue of $45.95 million for the quarter, compared to analyst estimates of $41.29 million. Sarepta Therapeutics had a negative return on equity of 51.72% and a negative net margin of 112.08%. During the same quarter in the prior year, the firm posted ($0.95) EPS. equities analysts anticipate that Sarepta Therapeutics Inc will post -3.11 earnings per share for the current year.
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Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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