Clarus Wealth Advisors acquired a new position in shares of Alkermes Plc (NASDAQ:ALKS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,700 shares of the company’s stock, valued at approximately $257,000.
Several other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of Alkermes by 13.7% in the third quarter. Janus Henderson Group PLC now owns 2,650,006 shares of the company’s stock valued at $134,726,000 after buying an additional 319,014 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Alkermes by 11.0% in the third quarter. AMP Capital Investors Ltd now owns 53,745 shares of the company’s stock valued at $2,732,000 after buying an additional 5,306 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Alkermes in the third quarter valued at approximately $284,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Alkermes by 206.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 261,977 shares of the company’s stock valued at $13,319,000 after buying an additional 176,442 shares during the period. Finally, AXA bought a new stake in shares of Alkermes in the third quarter valued at approximately $8,487,000. Institutional investors own 98.89% of the company’s stock.
Several equities research analysts recently issued reports on the company. Citigroup set a $62.00 price target on Alkermes and gave the company a “hold” rating in a research note on Thursday. Credit Suisse Group set a $66.00 price target on Alkermes and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Alkermes from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. set a $78.00 price target on Alkermes and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, BidaskClub upgraded shares of Alkermes from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Alkermes has a consensus rating of “Hold” and a consensus target price of $64.17.
Alkermes (NASDAQ:ALKS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.32. The business had revenue of $275.37 million during the quarter, compared to the consensus estimate of $251.23 million. Alkermes had a negative net margin of 20.12% and a negative return on equity of 7.27%. The company’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. equities research analysts anticipate that Alkermes Plc will post -0.59 EPS for the current year.
In other news, SVP Iain Michael Brown sold 10,652 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $54.81, for a total transaction of $583,836.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James M. Frates sold 20,932 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.51, for a total transaction of $1,057,275.32. Following the transaction, the senior vice president now owns 164,971 shares of the company’s stock, valued at $8,332,685.21. The disclosure for this sale can be found here. Insiders have sold 135,485 shares of company stock valued at $8,227,502 over the last quarter. Company insiders own 5.34% of the company’s stock.
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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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