AE Wealth Management LLC Purchases 197,552 Shares of Kadmon Holdings Inc (NYSE:KDMN)

AE Wealth Management LLC lifted its holdings in shares of Kadmon Holdings Inc (NYSE:KDMN) by 61.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 520,713 shares of the company’s stock after buying an additional 197,552 shares during the period. AE Wealth Management LLC owned about 0.66% of Kadmon worth $1,885,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of KDMN. Susquehanna International Group LLP increased its holdings in Kadmon by 3,211.2% in the 3rd quarter. Susquehanna International Group LLP now owns 443,135 shares of the company’s stock worth $1,485,000 after purchasing an additional 429,752 shares in the last quarter. Crestline Management LP acquired a new position in Kadmon in the 3rd quarter worth about $2,011,000. Old West Investment Management LLC acquired a new position in Kadmon in the 3rd quarter worth about $169,000. Wells Fargo & Company MN increased its holdings in Kadmon by 23.2% in the 3rd quarter. Wells Fargo & Company MN now owns 73,956 shares of the company’s stock worth $247,000 after purchasing an additional 13,923 shares in the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Kadmon in the third quarter valued at about $3,685,000. 51.91% of the stock is owned by institutional investors.

Shares of Kadmon Holdings Inc (NYSE:KDMN) opened at $3.79 on Thursday. Kadmon Holdings Inc has a 52-week low of $2.05 and a 52-week high of $5.86.

Several equities research analysts have recently weighed in on KDMN shares. Jefferies Group increased their price target on Kadmon to $16.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Kadmon from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Friday, January 12th. HC Wainwright reissued a “buy” rating and issued a $25.00 price target on shares of Kadmon in a research note on Friday, December 15th. Finally, Piper Jaffray Companies reissued a “positive” rating and issued a $9.00 price target (up previously from $7.00) on shares of Kadmon in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Kadmon currently has an average rating of “Hold” and an average price target of $10.21.

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About Kadmon

Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.

Institutional Ownership by Quarter for Kadmon (NYSE:KDMN)

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