Tocqueville Asset Management L.P. lessened its position in Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) by 19.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 530,666 shares of the biotechnology company’s stock after selling 131,615 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.68% of Momenta Pharmaceuticals worth $13,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Momenta Pharmaceuticals during the second quarter valued at $108,000. Sawtooth Solutions LLC purchased a new position in Momenta Pharmaceuticals during the third quarter valued at $227,000. Pillar Pacific Capital Management LLC bought a new stake in shares of Momenta Pharmaceuticals in the 3rd quarter worth $231,000. Laurion Capital Management LP bought a new stake in shares of Momenta Pharmaceuticals in the 2nd quarter worth $284,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Momenta Pharmaceuticals in the 3rd quarter worth $330,000. Institutional investors own 95.71% of the company’s stock.

Momenta Pharmaceuticals stock opened at $11.84 on Friday. The firm has a market capitalization of $877.52 million, a price-to-earnings ratio of -10.07 and a beta of 2.31. Momenta Pharmaceuticals, Inc. has a 12 month low of $10.10 and a 12 month high of $32.20.

Momenta Pharmaceuticals (NASDAQ:MNTA) last posted its earnings results on Wednesday, November 7th. The biotechnology company reported ($0.45) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.18. The business had revenue of $14.88 million during the quarter, compared to analyst estimates of $16.99 million. Momenta Pharmaceuticals had a negative return on equity of 44.72% and a negative net margin of 158.21%. The company’s quarterly revenue was down 38.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. On average, sell-side analysts expect that Momenta Pharmaceuticals, Inc. will post -2.69 earnings per share for the current year.

In related news, CEO Craig A. Wheeler sold 4,374 shares of Momenta Pharmaceuticals stock in a transaction on Monday, November 12th. The stock was sold at an average price of $13.50, for a total value of $59,049.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 8,136 shares of company stock valued at $106,026 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

A number of research firms have commented on MNTA. BidaskClub lowered Momenta Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. ValuEngine raised Momenta Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Cantor Fitzgerald set a $24.00 target price on Momenta Pharmaceuticals and gave the stock a “hold” rating in a report on Wednesday, October 10th. Zacks Investment Research raised Momenta Pharmaceuticals from a “strong sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, Stifel Nicolaus set a $39.00 target price on Momenta Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

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Momenta Pharmaceuticals Company Profile

Momenta Pharmaceuticals, Inc, a biotechnology company, focuses on developing generic versions of complex drugs, biosimilars, and novel therapeutics for autoimmune diseases in the United States. The company's complex generics programs include Enoxaparin sodium injection, a generic version of Lovenox that is indicated for the prevention and treatment of deep vein thrombosis, as well as supports the treatment of acute coronary syndromes; GLATOPA, a generic version of once-daily COPAXONE for the treatment of patients with relapsing-remitting multiple sclerosis; and GLATOPA, a generic product candidate for three-times-weekly COPAXONE.

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Institutional Ownership by Quarter for Momenta Pharmaceuticals (NASDAQ:MNTA)

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