C WorldWide Group Holding A S Has $4.10 Million Position in Sarepta Therapeutics, Inc. (NASDAQ:SRPT)
C WorldWide Group Holding A S raised its position in shares of Sarepta Therapeutics, Inc. (NASDAQ:SRPT) by 46.9% during the second quarter, Holdings Channel reports. The fund owned 121,528 shares of the biotechnology company’s stock after buying an additional 38,793 shares during the period. C WorldWide Group Holding A S’s holdings in Sarepta Therapeutics were worth $4,097,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SRPT. BlackRock Inc. boosted its stake in shares of Sarepta Therapeutics by 4,403.1% in the first quarter. BlackRock Inc. now owns 5,292,729 shares of the biotechnology company’s stock worth $156,664,000 after buying an additional 5,175,193 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sarepta Therapeutics by 4.5% in the first quarter. Vanguard Group Inc. now owns 4,096,486 shares of the biotechnology company’s stock worth $121,256,000 after buying an additional 176,966 shares during the last quarter. State Street Corp boosted its stake in shares of Sarepta Therapeutics by 21.2% in the first quarter. State Street Corp now owns 3,197,127 shares of the biotechnology company’s stock worth $94,641,000 after buying an additional 559,342 shares during the last quarter. Camber Capital Management LLC acquired a new stake in shares of Sarepta Therapeutics during the first quarter worth about $39,960,000. Finally, Emerald Advisers Inc. PA boosted its stake in shares of Sarepta Therapeutics by 6.9% in the second quarter. Emerald Advisers Inc. PA now owns 875,407 shares of the biotechnology company’s stock worth $29,510,000 after buying an additional 56,702 shares during the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sarepta Therapeutics, Inc. (NASDAQ SRPT) opened at 37.02 on Friday. The firm’s 50-day moving average is $36.95 and its 200 day moving average is $32.78. Sarepta Therapeutics, Inc. has a 52-week low of $24.31 and a 52-week high of $63.73. The stock’s market capitalization is $2.38 billion.
Sarepta Therapeutics (NASDAQ:SRPT) last announced its quarterly earnings results on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.46. The company had revenue of $35.01 million during the quarter, compared to the consensus estimate of $22.52 million. The business’s revenue was up 350000.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.19) earnings per share. Equities analysts expect that Sarepta Therapeutics, Inc. will post ($1.16) EPS for the current year.
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A number of equities research analysts have issued reports on SRPT shares. Cowen and Company reissued a “buy” rating on shares of Sarepta Therapeutics in a report on Friday, April 28th. William Blair reissued an “outperform” rating on shares of Sarepta Therapeutics in a report on Thursday, July 27th. BidaskClub cut shares of Sarepta Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Robert W. Baird reissued an “outperform” rating and set a $102.00 target price on shares of Sarepta Therapeutics in a report on Sunday, April 23rd. Finally, Leerink Swann reissued an “outperform” rating and set a $52.00 target price (up previously from $47.00) on shares of Sarepta Therapeutics in a report on Saturday, April 29th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Sarepta Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $61.28.
In other Sarepta Therapeutics news, SVP Alexander Cumbo sold 5,918 shares of Sarepta Therapeutics stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $41.00, for a total value of $242,638.00. Following the sale, the senior vice president now directly owns 22,793 shares in the company, valued at approximately $934,513. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas S. Ingram purchased 47,058 shares of Sarepta Therapeutics stock in a transaction on Thursday, July 27th. The stock was bought at an average price of $42.50 per share, for a total transaction of $1,999,965.00. Following the completion of the acquisition, the chief executive officer now owns 382,058 shares in the company, valued at approximately $16,237,465. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 78,056 shares of company stock worth $3,224,208. 9.60% of the stock is currently owned by insiders.
About Sarepta Therapeutics
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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