Guidance Capital Inc. bought a new stake in Alkermes plc (NASDAQ:ALKS – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,826 shares of the company’s stock, valued at approximately $428,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in shares of Alkermes by 0.4% in the third quarter. Alps Advisors Inc. now owns 122,916 shares of the company’s stock valued at $3,443,000 after acquiring an additional 529 shares during the period. Fisher Asset Management LLC grew its position in Alkermes by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 59,942 shares of the company’s stock worth $1,663,000 after purchasing an additional 572 shares during the last quarter. Victory Capital Management Inc. increased its stake in Alkermes by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 76,718 shares of the company’s stock valued at $2,128,000 after purchasing an additional 675 shares during the period. CWM LLC raised its holdings in shares of Alkermes by 36.7% in the first quarter. CWM LLC now owns 2,732 shares of the company’s stock valued at $74,000 after buying an additional 733 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alkermes during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 95.21% of the company’s stock.
Alkermes Price Performance
Shares of NASDAQ ALKS traded down $0.19 during midday trading on Friday, hitting $24.10. The company had a trading volume of 3,405,843 shares, compared to its average volume of 2,020,961. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47. Alkermes plc has a twelve month low of $22.01 and a twelve month high of $32.89. The business has a 50-day simple moving average of $24.28 and a two-hundred day simple moving average of $26.57. The company has a quick ratio of 2.77, a current ratio of 3.20 and a debt-to-equity ratio of 0.23.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Jefferies Financial Group upped their price objective on Alkermes from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. TD Cowen assumed coverage on Alkermes in a report on Monday, June 17th. They set a “buy” rating and a $34.00 price target for the company. StockNews.com lowered shares of Alkermes from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Piper Sandler restated an “overweight” rating and set a $39.00 price objective on shares of Alkermes in a research report on Monday, April 1st. Finally, Robert W. Baird began coverage on shares of Alkermes in a report on Tuesday, March 19th. They issued an “outperform” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.50.
Read Our Latest Research Report on ALKS
Alkermes Profile
Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in therapeutic areas in the United States, Ireland, and internationally. It has a portfolio of proprietary commercial products for the treatment of alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder and a pipeline of clinical and preclinical product candidates in development for neurological disorders.
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