Two Sigma Advisers LP Lowers Position in Cerus Co. (CERS)
Two Sigma Advisers LP decreased its position in Cerus Co. (NASDAQ:CERS) by 21.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 343,700 shares of the biotechnology company’s stock after selling 91,600 shares during the period. Two Sigma Advisers LP’s holdings in Cerus were worth $1,743,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. bought a new position in Cerus in the fourth quarter worth approximately $71,000. Shufro Rose & Co. LLC raised its stake in Cerus by 13.3% in the fourth quarter. Shufro Rose & Co. LLC now owns 17,000 shares of the biotechnology company’s stock worth $86,000 after buying an additional 2,000 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Cerus by 141.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 19,824 shares of the biotechnology company’s stock worth $97,000 after buying an additional 11,624 shares in the last quarter. Mackenzie Financial Corp bought a new position in Cerus in the third quarter worth approximately $119,000. Finally, United Services Automobile Association raised its stake in Cerus by 7.5% in the fourth quarter. United Services Automobile Association now owns 33,524 shares of the biotechnology company’s stock worth $170,000 after buying an additional 2,344 shares in the last quarter. Hedge funds and other institutional investors own 66.38% of the company’s stock.
Shares of CERS stock opened at $6.54 on Wednesday. The firm has a market cap of $903.87 million, a PE ratio of -14.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.53 and a current ratio of 2.79. Cerus Co. has a 12-month low of $4.70 and a 12-month high of $8.05.
In related news, CEO William Mariner Greenman sold 7,781 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $6.48, for a total value of $50,420.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Dennis Green sold 23,524 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $2.05, for a total value of $48,224.20. Following the completion of the transaction, the chief financial officer now directly owns 66,825 shares in the company, valued at $136,991.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,647 shares of company stock worth $254,880. Insiders own 6.80% of the company’s stock.
A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Cerus from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Cerus from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Finally, ValuEngine downgraded Cerus from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cerus currently has a consensus rating of “Buy” and an average target price of $8.50.
Cerus Corporation, a biomedical products company, focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System, a proprietary technology for controlling biological replication that is designed to reduce blood-borne pathogens in donated blood components intended for transfusion.
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