Clarus Wealth Advisors Acquires New Position in Alkermes Plc (ALKS)
Clarus Wealth Advisors acquired a new position in shares of Alkermes Plc (NASDAQ:ALKS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,700 shares of the company’s stock, valued at approximately $257,000.
A number of other institutional investors have also recently modified their holdings of the business. Thornburg Investment Management Inc. grew its stake in shares of Alkermes by 39.8% during the third quarter. Thornburg Investment Management Inc. now owns 2,779,364 shares of the company’s stock valued at $141,303,000 after purchasing an additional 790,692 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Alkermes by 13.7% during the third quarter. Janus Henderson Group PLC now owns 2,650,006 shares of the company’s stock valued at $134,726,000 after purchasing an additional 319,014 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Alkermes by 2.0% during the third quarter. Legal & General Group Plc now owns 668,021 shares of the company’s stock valued at $33,962,000 after purchasing an additional 13,277 shares during the last quarter. Swiss National Bank grew its stake in shares of Alkermes by 1.3% during the third quarter. Swiss National Bank now owns 563,800 shares of the company’s stock valued at $28,664,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Alkermes by 8.8% during the third quarter. Ameriprise Financial Inc. now owns 543,486 shares of the company’s stock valued at $27,631,000 after purchasing an additional 44,173 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.
Alkermes Plc (NASDAQ ALKS) opened at $56.00 on Thursday. Alkermes Plc has a 52 week low of $46.42 and a 52 week high of $64.04. The company has a quick ratio of 2.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.23.
In other Alkermes news, CAO Iain Michael Brown sold 10,652 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $54.81, for a total value of $583,836.12. Following the sale, the chief accounting officer now directly owns 16,943 shares in the company, valued at $928,645.83. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane Cooke sold 72,793 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $60.55, for a total transaction of $4,407,616.15. Following the completion of the sale, the insider now owns 147,501 shares in the company, valued at $8,931,185.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,485 shares of company stock worth $8,227,502. Insiders own 5.34% of the company’s stock.
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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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