Voya Investment Management LLC Takes $102,000 Position in NantKwest, Inc. (NK)
Voya Investment Management LLC bought a new position in NantKwest, Inc. (NASDAQ:NK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,481 shares of the biotechnology company’s stock, valued at approximately $102,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of NantKwest by 102.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,159 shares of the biotechnology company’s stock valued at $799,000 after buying an additional 53,134 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NantKwest by 48.3% during the second quarter. Bank of New York Mellon Corp now owns 122,211 shares of the biotechnology company’s stock valued at $928,000 after buying an additional 39,823 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NantKwest by 8.4% during the first quarter. Vanguard Group Inc. now owns 2,082,706 shares of the biotechnology company’s stock valued at $7,394,000 after buying an additional 160,510 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of NantKwest during the second quarter valued at $563,000. Finally, Renaissance Technologies LLC grew its holdings in shares of NantKwest by 1,884.1% during the first quarter. Renaissance Technologies LLC now owns 486,100 shares of the biotechnology company’s stock valued at $1,726,000 after buying an additional 461,600 shares in the last quarter. Institutional investors and hedge funds own 18.68% of the company’s stock.
NantKwest, Inc. (NASDAQ:NK) opened at $4.98 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.47 and a current ratio of 5.47. NantKwest, Inc. has a twelve month low of $2.71 and a twelve month high of $8.45.
In other NantKwest news, Director Steve Gorlin sold 39,604 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $5.93, for a total value of $234,851.72. Following the transaction, the director now owns 246,280 shares in the company, valued at $1,460,440.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 70.19% of the company’s stock.
A number of research analysts have recently weighed in on NK shares. BidaskClub downgraded NantKwest from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Citigroup Inc. set a $3.00 price target on NantKwest and gave the company a “sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded NantKwest from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. NantKwest currently has a consensus rating of “Hold” and an average price target of $5.13.
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