Insider Selling: Alkermes PLC (ALKS) Director Sells $51,980.00 in Stock

Alkermes PLC (NASDAQ:ALKS) Director Paul J. Mitchell sold 1,000 shares of the 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 in the company, valued at $467,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alkermes PLC (NASDAQ ALKS) opened at $53.70 on Monday. Alkermes PLC has a fifty-two week low of $46.42 and a fifty-two week high of $63.40. 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 (NASDAQ:ALKS) last released 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. The company had revenue of $217.40 million for 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 quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS. equities analysts predict that Alkermes PLC will post -0.59 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Alkermes by 0.4% during the 2nd quarter. FMR LLC now owns 22,978,575 shares of the company’s stock worth $1,332,068,000 after purchasing an additional 96,457 shares during the period. Vanguard Group Inc. increased its holdings in Alkermes by 3.7% during the 2nd 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 period. Woodford Investment Management Ltd increased its holdings in Alkermes by 2.4% during the 2nd 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 period. Thornburg Investment Management Inc. increased its holdings in shares of Alkermes by 39.8% in the 3rd quarter. Thornburg Investment Management Inc. now owns 2,779,364 shares of the company’s stock valued at $141,303,000 after acquiring an additional 790,692 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Alkermes by 13.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,650,006 shares of the company’s stock valued at $134,726,000 after acquiring an additional 319,014 shares during the period. Institutional investors own 99.69% of the company’s stock.

Several brokerages have recently weighed in on ALKS. ValuEngine upgraded Alkermes from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub downgraded Alkermes from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $66.00 price target on Alkermes and gave the stock a “buy” rating in a report on Tuesday, November 28th. Barclays downgraded Alkermes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $66.00 to $50.00 in a report on Monday, October 16th. Finally, J P Morgan Chase & Co set a $78.00 price target on Alkermes and gave the stock a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Alkermes currently has an average rating of “Hold” and a consensus price target of $63.55.

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About Alkermes

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).

Insider Buying and Selling by Quarter for Alkermes (NASDAQ:ALKS)

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