Swiss National Bank Sells 100 Shares of Spark Therapeutics, Inc. (ONCE)
Swiss National Bank cut its stake in Spark Therapeutics, Inc. (NASDAQ:ONCE) by 0.3% during the third quarter, Holdings Channel reports. The fund owned 36,500 shares of the company’s stock after selling 100 shares during the period. Swiss National Bank owned about 0.12% of Spark Therapeutics worth $2,192,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of ONCE. UBS Asset Management Americas Inc. boosted its stake in shares of Spark Therapeutics by 18.2% in the third quarter. UBS Asset Management Americas Inc. now owns 174,420 shares of the company’s stock valued at $10,476,000 after buying an additional 26,909 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Spark Therapeutics by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 94,284 shares of the company’s stock valued at $5,662,000 after buying an additional 11,061 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Spark Therapeutics during the third quarter valued at $28,290,000. Alps Advisors Inc. boosted its stake in shares of Spark Therapeutics by 1.4% in the third quarter. Alps Advisors Inc. now owns 39,036 shares of the company’s stock valued at $2,345,000 after buying an additional 547 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Spark Therapeutics by 38.9% in the third quarter. Neuberger Berman Group LLC now owns 12,500 shares of the company’s stock valued at $751,000 after buying an additional 3,500 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.
Spark Therapeutics, Inc. (NASDAQ:ONCE) opened at 57.13 on Friday. The company’s market capitalization is $1.76 billion. Spark Therapeutics, Inc. has a one year low of $21.20 and a one year high of $65.99. The stock’s 50 day moving average price is $53.39 and its 200-day moving average price is $55.20.
Spark Therapeutics (NASDAQ:ONCE) last issued its earnings results on Thursday, November 3rd. The company reported ($1.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.01) by $0.06. The firm had revenue of $1.30 million for the quarter, compared to the consensus estimate of $1.26 million. Spark Therapeutics had a negative net margin of 441.05% and a negative return on equity of 28.28%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned ($0.70) earnings per share. Equities analysts forecast that Spark Therapeutics, Inc. will post ($4.13) EPS for the current year.
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Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Spark Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Group reaffirmed a “hold” rating and issued a $57.00 price target on shares of Spark Therapeutics in a research note on Tuesday. Vetr cut Spark Therapeutics from a “buy” rating to a “hold” rating and set a $62.50 target price on the stock. in a research note on Tuesday. BMO Capital Markets assumed coverage on Spark Therapeutics in a research note on Tuesday, December 20th. They issued an “outperform” rating and a $69.00 target price on the stock. Finally, Chardan Capital reissued a “neutral” rating on shares of Spark Therapeutics in a research note on Tuesday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Spark Therapeutics currently has a consensus rating of “Hold” and a consensus target price of $60.69.
In other Spark Therapeutics news, CEO Jeffrey D. Marrazzo sold 5,000 shares of Spark Therapeutics stock in a transaction on Monday, October 17th. The stock was sold at an average price of $54.66, for a total transaction of $273,300.00. Following the completion of the sale, the chief executive officer now directly owns 235,000 shares of the company’s stock, valued at approximately $12,845,100. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Katherine A. High sold 10,000 shares of Spark Therapeutics stock in a transaction on Monday, November 14th. The shares were sold at an average price of $60.30, for a total value of $603,000.00. Following the sale, the insider now directly owns 210,000 shares of the company’s stock, valued at $12,663,000. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
About Spark Therapeutics
Spark Therapeutics, Inc (Spark) is engaged in developing products in the field of gene therapy. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its SPK-RPE65 (voretigene neparvovec) targets genetic blinding conditions known as inherited retinal dystrophies (IRDs).
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