Kadmon Holdings Inc (NYSE:KDMN) shares traded down 5.5% on Thursday . The stock traded as low as $2.73 and last traded at $2.74. 759,534 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 965,665 shares. The stock had previously closed at $2.90.

Several research analysts recently weighed in on the stock. HC Wainwright reissued a “buy” rating and issued a $25.00 target price on shares of Kadmon in a research note on Tuesday. Citigroup raised shares of Kadmon from a “neutral” rating to a “buy” rating and set a $2.77 target price for the company in a research note on Tuesday, February 26th. Finally, Zacks Investment Research downgraded shares of Kadmon from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.36.

The company has a market cap of $371.85 million, a price-to-earnings ratio of -1.93 and a beta of 2.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 4.08 and a current ratio of 4.12.

Kadmon (NYSE:KDMN) last announced its earnings results on Thursday, March 7th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.18). Kadmon had a negative net margin of 3,848.01% and a negative return on equity of 192.20%. As a group, research analysts anticipate that Kadmon Holdings Inc will post -0.78 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Amalgamated Bank acquired a new position in shares of Kadmon during the 4th quarter valued at about $25,000. Capital Investment Advisors LLC acquired a new position in shares of Kadmon during the 4th quarter valued at about $26,000. IFP Advisors Inc increased its stake in shares of Kadmon by 54.5% during the 4th quarter. IFP Advisors Inc now owns 25,500 shares of the company’s stock valued at $49,000 after acquiring an additional 9,000 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Kadmon by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 26,251 shares of the company’s stock valued at $55,000 after acquiring an additional 20,502 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Kadmon by 71.5% during the 4th quarter. New York State Common Retirement Fund now owns 88,500 shares of the company’s stock valued at $184,000 after acquiring an additional 36,900 shares during the last quarter. 71.96% of the stock is owned by hedge funds and other institutional investors.

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Kadmon Company Profile (NYSE:KDMN)

Kadmon Holdings, Inc, a biopharmaceutical company, discovers, develops, and commercializes small molecules and biologics primarily for the treatment of inflammatory and fibrotic diseases. The company markets and distributes a portfolio of branded generic ribavirin products for chronic hepatitis C virus infection; and distributes products in various therapeutic areas, including tetrabenazine for the treatment of chorea associated with Huntington's disease.

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