Columbus Circle Investors grew its position in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 57.7% during the 1st quarter, HoldingsChannel reports. The fund owned 392,243 shares of the biotechnology company’s stock after buying an additional 143,552 shares during the quarter. Sarepta Therapeutics comprises about 1.2% of Columbus Circle Investors’ holdings, making the stock its 24th biggest position. Columbus Circle Investors’ holdings in Sarepta Therapeutics were worth $46,751,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. purchased a new stake in shares of Sarepta Therapeutics in the third quarter valued at about $25,000. Quad Cities Investment Group LLC boosted its holdings in shares of Sarepta Therapeutics by 100.0% in the first quarter. Quad Cities Investment Group LLC now owns 400 shares of the biotechnology company’s stock valued at $48,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Sarepta Therapeutics in the fourth quarter valued at about $51,000. Larson Financial Group LLC purchased a new stake in shares of Sarepta Therapeutics in the fourth quarter valued at about $55,000. Finally, First Manhattan Co. purchased a new stake in shares of Sarepta Therapeutics in the first quarter valued at about $107,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.

SRPT stock traded down $2.85 during trading on Monday, reaching $113.79. 1,189,531 shares of the company were exchanged, compared to its average volume of 1,330,941. The company has a market cap of $8.33 billion, a P/E ratio of -20.84 and a beta of 2.04. Sarepta Therapeutics Inc has a 52-week low of $74.51 and a 52-week high of $176.50. The company has a current ratio of 8.21, a quick ratio of 7.49 and a debt-to-equity ratio of 0.41.

Sarepta Therapeutics (NASDAQ:SRPT) last announced its earnings results on Wednesday, February 27th. The biotechnology company reported ($2.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.97). The business had revenue of $84.40 million for the quarter, compared to analyst estimates of $84.83 million. Sarepta Therapeutics had a negative return on equity of 36.73% and a negative net margin of 120.22%. The business’s revenue was up 47.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) EPS. On average, equities research analysts expect that Sarepta Therapeutics Inc will post -4.71 earnings per share for the current year.

SRPT has been the topic of several analyst reports. BTIG Research set a $190.00 target price on shares of Sarepta Therapeutics and gave the company a “buy” rating in a report on Friday, December 28th. Zacks Investment Research raised shares of Sarepta Therapeutics from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Monday, December 31st. HC Wainwright set a $267.00 price objective on shares of Sarepta Therapeutics and gave the stock a “buy” rating in a report on Friday, January 4th. Janney Montgomery Scott set a $200.00 price objective on shares of Sarepta Therapeutics and gave the stock a “buy” rating in a report on Tuesday, January 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $164.00 price objective on shares of Sarepta Therapeutics in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $191.14.

In other Sarepta Therapeutics news, SVP David T. Howton sold 30,000 shares of Sarepta Therapeutics stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $140.00, for a total transaction of $4,200,000.00. Following the completion of the transaction, the senior vice president now owns 31,196 shares in the company, valued at $4,367,440. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandesh Mahatme sold 65,000 shares of Sarepta Therapeutics stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $130.23, for a total transaction of $8,464,950.00. Following the transaction, the chief financial officer now owns 14,118 shares of the company’s stock, valued at approximately $1,838,587.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,000 shares of company stock valued at $22,089,950. 7.90% of the stock is currently owned by company insiders.

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Sarepta Therapeutics Company Profile

Sarepta Therapeutics, Inc focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare diseases. The company offers EXONDYS 51, a disease-modifying therapy for duchenne muscular dystrophy (DMD). Its products pipeline include Golodirsen, a product candidate that binds to exon 53 of dystrophin pre-mRNA, which results in exclusion or skipping of exon during mRNA processing in patients with genetic mutations; and Casimersen, a product candidate that uses phosphorodiamidate morpholino oligomer (PMO) chemistry and exon-skipping technology to skip exon 45 of the DMD gene.

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Institutional Ownership by Quarter for Sarepta Therapeutics (NASDAQ:SRPT)

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