Nikko Asset Management Americas Inc. Takes Position in Arcturus Therapeutics Ltd (ARCT)

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Nikko Asset Management Americas Inc. acquired a new position in shares of Arcturus Therapeutics Ltd (NASDAQ:ARCT) in the first quarter, Holdings Channel reports. The institutional investor acquired 64,099 shares of the biotechnology company’s stock, valued at approximately $438,000.

Separately, JPMorgan Chase & Co. increased its holdings in Arcturus Therapeutics by 91.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,744 shares of the biotechnology company’s stock worth $148,000 after purchasing an additional 8,008 shares in the last quarter. 10.86% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on ARCT. HC Wainwright began coverage on Arcturus Therapeutics in a report on Friday, April 5th. They set a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research raised Arcturus Therapeutics from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, April 16th. ValuEngine raised Arcturus Therapeutics from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Chardan Capital reissued a “buy” rating and set a $18.00 price objective on shares of Arcturus Therapeutics in a report on Tuesday, March 19th. Finally, Roth Capital reissued a “buy” rating on shares of Arcturus Therapeutics in a report on Wednesday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.83.

Shares of ARCT stock traded down $0.02 during trading on Friday, hitting $7.30. The company’s stock had a trading volume of 6,454 shares, compared to its average volume of 49,043. The firm has a market cap of $78.12 million, a PE ratio of -3.38 and a beta of 2.19. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. Arcturus Therapeutics Ltd has a 52 week low of $4.11 and a 52 week high of $10.00.

Arcturus Therapeutics (NASDAQ:ARCT) last released its earnings results on Monday, March 18th. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.41. The business had revenue of $7.58 million during the quarter, compared to the consensus estimate of $3.59 million. On average, research analysts expect that Arcturus Therapeutics Ltd will post -2.11 earnings per share for the current year.

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Arcturus Therapeutics Profile

Arcturus Therapeutics Ltd., an RNA medicines company, focuses on treatment of liver and respiratory diseases. The company's pipeline of RNA therapeutics include programs pursuing rare diseases, hepatitis B, non-alcoholic steatohepatitis, cystic fibrosis, and vaccines. The company owns LUNAR lipid-mediated delivery and Unlocked Nucleomonomer Agent (UNA) technology, including UNA Oligomers, which are covered by its patent portfolio, including 152 patents and patent applications issued in the United States, Europe, Japan, China, and internationally.

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