Alkermes PLC (ALKS) Position Lessened by Keybank National Association OH
Keybank National Association OH lowered its position in shares of Alkermes PLC (NASDAQ:ALKS) by 51.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,700 shares of the company’s stock after selling 6,032 shares during the quarter. Keybank National Association OH’s holdings in Alkermes PLC were worth $330,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Daiwa SB Investments Ltd. acquired a new stake in shares of Alkermes PLC during the 2nd quarter worth about $166,000. Greenwood Capital Associates LLC increased its position in shares of Alkermes PLC by 2.4% during the 1st quarter. Greenwood Capital Associates LLC now owns 3,729 shares of the company’s stock worth $218,000 after purchasing an additional 89 shares in the last quarter. US Bancorp DE increased its position in shares of Alkermes PLC by 366.4% during the 2nd quarter. US Bancorp DE now owns 3,974 shares of the company’s stock worth $231,000 after purchasing an additional 3,122 shares in the last quarter. Insight Capital Research & Management Inc. acquired a new stake in shares of Alkermes PLC during the 2nd quarter worth about $232,000. Finally, Aviance Capital Partners LLC acquired a new stake in shares of Alkermes PLC during the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 99.06% of the company’s stock.
In related news, Director Paul J. Mitchell sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $54.91, for a total transaction of $82,365.00. Following the completion of the sale, the director now owns 9,500 shares of the company’s stock, valued at $521,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kathryn L. Biberstein sold 13,566 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $51.29, for a total value of $695,800.14. Following the transaction, the chief accounting officer now directly owns 70,455 shares of the company’s stock, valued at approximately $3,613,636.95. The disclosure for this sale can be found here. Insiders have sold 18,066 shares of company stock valued at $941,485 in the last ninety days. 5.34% of the stock is currently owned by company insiders.
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A number of equities research analysts recently issued reports on ALKS shares. Credit Suisse Group set a $70.00 target price on shares of Alkermes PLC and gave the stock a “buy” rating in a research report on Friday, May 19th. ValuEngine upgraded shares of Alkermes PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Leerink Swann cut shares of Alkermes PLC from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $68.00 to $61.00 in a research report on Tuesday, June 13th. J P Morgan Chase & Co set a $78.00 target price on shares of Alkermes PLC and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, BidaskClub cut shares of Alkermes PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.89.
Shares of Alkermes PLC (ALKS) opened at 52.29 on Thursday. The firm has a 50-day moving average of $52.09 and a 200 day moving average of $56.69. The firm’s market cap is $8.03 billion. Alkermes PLC has a 52-week low of $41.93 and a 52-week high of $63.40.
Alkermes PLC (NASDAQ:ALKS) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Alkermes PLC had a negative net margin of 24.33% and a negative return on equity of 9.12%. The business had revenue of $218.80 million during the quarter, compared to analysts’ expectations of $216.54 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Alkermes PLC’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Alkermes PLC will post ($0.04) earnings per share for the current year.
Alkermes PLC Profile
Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).
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