Paratek Pharmaceuticals Inc (PRTK) Shares Bought by Trellus Management Company LLC
Trellus Management Company LLC lifted its holdings in shares of Paratek Pharmaceuticals Inc (NASDAQ:PRTK) by 40.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the specialty pharmaceutical company’s stock after purchasing an additional 28,800 shares during the period. Trellus Management Company LLC owned about 0.31% of Paratek Pharmaceuticals worth $536,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PRTK. Norges Bank purchased a new position in shares of Paratek Pharmaceuticals during the 4th quarter worth approximately $2,447,000. Fosun International Ltd purchased a new position in shares of Paratek Pharmaceuticals during the 4th quarter worth approximately $1,201,000. Dimensional Fund Advisors LP purchased a new position in shares of Paratek Pharmaceuticals during the 3rd quarter worth approximately $1,860,000. BlackRock Inc. increased its stake in shares of Paratek Pharmaceuticals by 3.6% during the 3rd quarter. BlackRock Inc. now owns 2,677,154 shares of the specialty pharmaceutical company’s stock worth $25,967,000 after purchasing an additional 93,764 shares in the last quarter. Finally, Teton Advisors Inc. increased its stake in shares of Paratek Pharmaceuticals by 350.0% during the 4th quarter. Teton Advisors Inc. now owns 108,000 shares of the specialty pharmaceutical company’s stock worth $554,000 after purchasing an additional 84,000 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Shares of PRTK traded up $0.27 during mid-day trading on Tuesday, reaching $5.70. The company had a trading volume of 353,658 shares, compared to its average volume of 303,414. The firm has a market cap of $176.02 million, a PE ratio of -1.60 and a beta of 1.52. Paratek Pharmaceuticals Inc has a fifty-two week low of $4.50 and a fifty-two week high of $12.30. The company has a quick ratio of 14.41, a current ratio of 14.41 and a debt-to-equity ratio of 4.81.
A number of brokerages have recently weighed in on PRTK. Zacks Investment Research raised shares of Paratek Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. HC Wainwright reissued a “buy” rating on shares of Paratek Pharmaceuticals in a research note on Thursday, February 28th. Canaccord Genuity lifted their target price on shares of Paratek Pharmaceuticals from $14.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 16th. LADENBURG THALM/SH SH set a $18.00 price target on shares of Paratek Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, ValuEngine upgraded shares of Paratek Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Paratek Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $23.25.
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Paratek Pharmaceuticals Profile
Paratek Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapeutics based upon biology and tetracycline chemistry in the United States. Its lead product candidates include omadacycline, an intravenous and oral antibiotic for use as a monotherapy antibiotic for acute bacterial skin and skin structure infections, community-acquired bacterial pneumonia, urinary tract infections, and other community-acquired bacterial infections; and Sarecycline, a tetracycline-derived compound designed for use in the treatment of acne and rosacea.
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