Water Island Capital LLC Takes Position in Clementia Pharmaceuticals Inc (CMTA)
Water Island Capital LLC bought a new stake in Clementia Pharmaceuticals Inc (NASDAQ:CMTA) in the first quarter, Holdings Channel reports. The institutional investor bought 383,907 shares of the company’s stock, valued at approximately $10,020,000.
Other large investors have also recently bought and sold shares of the company. UBS Oconnor LLC bought a new position in Clementia Pharmaceuticals in the 4th quarter worth approximately $463,000. Fosun International Ltd bought a new position in Clementia Pharmaceuticals in the 4th quarter worth approximately $2,627,000. Perceptive Advisors LLC bought a new position in Clementia Pharmaceuticals in the 4th quarter worth approximately $17,640,000. Opaleye Management Inc. raised its position in Clementia Pharmaceuticals by 0.8% in the 4th quarter. Opaleye Management Inc. now owns 150,000 shares of the company’s stock worth $1,764,000 after purchasing an additional 1,168 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Clementia Pharmaceuticals by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,037,047 shares of the company’s stock worth $11,563,000 after purchasing an additional 155,336 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.
CMTA remained flat at $$26.35 during trading on Wednesday. 716,706 shares of the company’s stock were exchanged, compared to its average volume of 145,059. Clementia Pharmaceuticals Inc has a 12-month low of $8.10 and a 12-month high of $26.73. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -3.32 and a beta of 0.64.
TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/water-island-capital-llc-takes-position-in-clementia-pharmaceuticals-inc-cmta/3011309.html.
About Clementia Pharmaceuticals
Clementia Pharmaceuticals Inc, a clinical stage biopharmaceutical company, develops treatments for patients suffering from bone disorders and other diseases. Its lead product candidate is palovarotene, an oral small molecule for the treatment of fibrodysplasia ossificans progressive, multiple osteochondromas, dry eye disease, and other diseases is in the Phase 3 MOVE Trial.
Want to see what other hedge funds are holding CMTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clementia Pharmaceuticals Inc (NASDAQ:CMTA).
Receive News & Ratings for Clementia Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clementia Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.