Fisher Asset Management LLC Purchases Shares of 5,282 Pacira Pharmaceuticals Inc (PCRX)
Fisher Asset Management LLC purchased a new stake in Pacira Pharmaceuticals Inc (NASDAQ:PCRX) in the fourth quarter, Holdings Channel reports. The firm purchased 5,282 shares of the company’s stock, valued at approximately $241,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock valued at $152,000 after purchasing an additional 1,752 shares during the period. QS Investors LLC purchased a new stake in shares of Pacira Pharmaceuticals in the second quarter valued at approximately $157,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Pacira Pharmaceuticals by 9.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock valued at $165,000 after purchasing an additional 302 shares during the period. Spectrum Management Group Inc. purchased a new stake in shares of Pacira Pharmaceuticals in the third quarter valued at approximately $166,000. Finally, Bouchey Financial Group Ltd purchased a new stake in shares of Pacira Pharmaceuticals in the fourth quarter valued at approximately $205,000.
In other Pacira Pharmaceuticals news, Director Mark A. Kronenfeld acquired 1,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $41.60 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 6,795 shares in the company, valued at approximately $282,672. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James B. Jones sold 850 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $41.11, for a total value of $34,943.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,960 shares of company stock valued at $3,868,341. Company insiders own 6.60% of the company’s stock.
Pacira Pharmaceuticals (NASDAQ:PCRX) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The firm had revenue of $67.30 million during the quarter, compared to analyst estimates of $68.99 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts expect that Pacira Pharmaceuticals Inc will post -0.86 earnings per share for the current year.
A number of analysts recently issued reports on the company. BidaskClub lowered Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Canaccord Genuity lowered their target price on Pacira Pharmaceuticals from $46.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. Seaport Global Securities assumed coverage on Pacira Pharmaceuticals in a report on Friday, January 19th. They set a “buy” rating and a $50.00 target price for the company. HC Wainwright restated a “buy” rating and set a $52.00 target price on shares of Pacira Pharmaceuticals in a report on Thursday, November 9th. Finally, Mizuho lowered Pacira Pharmaceuticals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $44.00 in a report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.82.
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About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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