Amneal Pharmaceuticals Inc (NYSE:AMRX) Major Shareholder International Ltd Fosun Purchases 1,642,300 Shares

Amneal Pharmaceuticals Inc (NYSE:AMRX) major shareholder International Ltd Fosun bought 1,642,300 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $3.04 per share, for a total transaction of $4,992,592.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of AMRX stock opened at $2.40 on Friday. The stock has a market cap of $852.41 million, a PE ratio of 2.53, a price-to-earnings-growth ratio of 0.35 and a beta of 1.41. The company’s fifty day moving average price is $4.30 and its 200-day moving average price is $9.69. Amneal Pharmaceuticals Inc has a 12 month low of $2.38 and a 12 month high of $24.48. The company has a current ratio of 2.17, a quick ratio of 1.41 and a debt-to-equity ratio of 3.66.

Amneal Pharmaceuticals (NYSE:AMRX) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $420.12 million. Amneal Pharmaceuticals had a positive return on equity of 28.20% and a negative net margin of 3.65%. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts forecast that Amneal Pharmaceuticals Inc will post 0.51 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in Amneal Pharmaceuticals by 13.9% during the fourth quarter. Geode Capital Management LLC now owns 889,980 shares of the company’s stock valued at $12,041,000 after purchasing an additional 108,455 shares during the last quarter. Principal Financial Group Inc. lifted its position in Amneal Pharmaceuticals by 30.4% during the fourth quarter. Principal Financial Group Inc. now owns 16,485 shares of the company’s stock valued at $223,000 after purchasing an additional 3,843 shares during the last quarter. Bank of America Corp DE lifted its position in Amneal Pharmaceuticals by 12.2% during the fourth quarter. Bank of America Corp DE now owns 304,324 shares of the company’s stock valued at $4,118,000 after purchasing an additional 33,136 shares during the last quarter. Legal & General Group Plc lifted its position in Amneal Pharmaceuticals by 5.5% during the fourth quarter. Legal & General Group Plc now owns 34,505 shares of the company’s stock valued at $467,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in Amneal Pharmaceuticals during the fourth quarter valued at approximately $174,000. 34.63% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Amneal Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. ValuEngine upgraded shares of Amneal Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 7th. Royal Bank of Canada cut shares of Amneal Pharmaceuticals from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $11.00 to $6.00 in a report on Thursday, July 11th. Piper Jaffray Companies upgraded shares of Amneal Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $11.00 price target on the stock in a report on Monday, July 8th. Finally, Svb Leerink upgraded shares of Amneal Pharmaceuticals from a “market perform” rating to an “outperform” rating and cut their price target for the company from $11.00 to $5.00 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.13.

Amneal Pharmaceuticals Company Profile

Amneal Pharmaceuticals, Inc, together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic and specialty pharmaceutical products for various dosage forms and therapeutic areas. It operates through two segments, Generics and Specialty. The Generics segment develops, manufactures, and commercializes complex oral solids, injectables, ophthalmics, liquids, topicals, softgels, inhalation products, and transdermals across a range of therapeutic categories.

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Insider Buying and Selling by Quarter for Amneal Pharmaceuticals (NYSE:AMRX)

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