Amalgamated Bank Raises Stake in Ultragenyx Pharmaceutical Inc. (RARE)
Amalgamated Bank lifted its stake in shares of Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,980 shares of the biopharmaceutical company’s stock after acquiring an additional 352 shares during the period. Amalgamated Bank’s holdings in Ultragenyx Pharmaceutical were worth $309,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Ultragenyx Pharmaceutical during the second quarter worth $125,000. Pacer Advisors Inc. increased its position in shares of Ultragenyx Pharmaceutical by 22.6% during the first quarter. Pacer Advisors Inc. now owns 3,037 shares of the biopharmaceutical company’s stock worth $206,000 after acquiring an additional 560 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Ultragenyx Pharmaceutical by 3.7% during the first quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the biopharmaceutical company’s stock worth $219,000 after acquiring an additional 115 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Ultragenyx Pharmaceutical by 8.0% during the second quarter. Tocqueville Asset Management L.P. now owns 3,375 shares of the biopharmaceutical company’s stock worth $210,000 after acquiring an additional 250 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Ultragenyx Pharmaceutical during the first quarter worth $241,000. 96.07% of the stock is owned by institutional investors.
RARE has been the subject of several research reports. Canaccord Genuity set a $98.00 price objective on shares of Ultragenyx Pharmaceutical and gave the stock a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of Ultragenyx Pharmaceutical in a research report on Friday, June 30th. BidaskClub raised shares of Ultragenyx Pharmaceutical from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co set a $76.00 price objective on shares of Ultragenyx Pharmaceutical and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Robert W. Baird reissued a “buy” rating on shares of Ultragenyx Pharmaceutical in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.94.
In other Ultragenyx Pharmaceutical news, CEO Emil D. Kakkis purchased 7,500 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $52.52 per share, for a total transaction of $393,900.00. Following the purchase, the chief executive officer now owns 430,569 shares of the company’s stock, valued at approximately $22,613,483.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.20% of the company’s stock.
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Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ RARE) opened at 54.01 on Wednesday. Ultragenyx Pharmaceutical Inc. has a 52 week low of $49.56 and a 52 week high of $91.35. The firm has a 50-day moving average of $53.50 and a 200-day moving average of $59.83. The firm’s market cap is $2.29 billion.
Ultragenyx Pharmaceutical (NASDAQ:RARE) last announced its quarterly earnings results on Thursday, July 27th. The biopharmaceutical company reported ($1.72) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.73) by $0.01. During the same quarter in the prior year, the business posted ($1.46) EPS. On average, analysts expect that Ultragenyx Pharmaceutical Inc. will post ($7.14) EPS for the current year.
Ultragenyx Pharmaceutical Company Profile
Ultragenyx Pharmaceutical Inc is a clinical-stage biopharmaceutical company. The Company is focused on the identification, acquisition, development, and commercialization of products for the treatment of genetic diseases. Its clinical-stage pipeline consists of two product categories: biologics (including a monoclonal antibody and an enzyme replacement therapy), and small-molecule substrate replacement therapies.
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