39,478 Shares in Eagle Pharmaceuticals, Inc. (EGRX) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC purchased a new stake in shares of Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) during the third quarter, Holdings Channel reports. The institutional investor purchased 39,478 shares of the specialty pharmaceutical company’s stock, valued at approximately $2,763,000. Gotham Asset Management LLC owned about 0.26% of Eagle Pharmaceuticals as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EGRX. BlackRock Fund Advisors increased its position in shares of Eagle Pharmaceuticals by 87.0% in the third quarter. BlackRock Fund Advisors now owns 769,869 shares of the specialty pharmaceutical company’s stock valued at $53,891,000 after buying an additional 358,134 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Eagle Pharmaceuticals during the third quarter valued at approximately $48,318,000. Essex Investment Management Co. LLC purchased a new position in shares of Eagle Pharmaceuticals during the third quarter valued at approximately $1,016,000. Bank of New York Mellon Corp increased its position in shares of Eagle Pharmaceuticals by 124.5% in the third quarter. Bank of New York Mellon Corp now owns 93,265 shares of the specialty pharmaceutical company’s stock valued at $6,529,000 after buying an additional 51,725 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Eagle Pharmaceuticals by 226.0% in the third quarter. PNC Financial Services Group Inc. now owns 41,002 shares of the specialty pharmaceutical company’s stock valued at $2,871,000 after buying an additional 28,424 shares during the last quarter.

Institutional Ownership by Quarter for Eagle Pharmaceuticals (NASDAQ:EGRX)

Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) traded up 0.03% during trading on Friday, hitting $71.99. 123,806 shares of the stock were exchanged. The stock has a market cap of $1.11 billion, a P/E ratio of 46.87 and a beta of 1.54. Eagle Pharmaceuticals, Inc. has a 12 month low of $33.02 and a 12 month high of $87.78. The stock’s 50 day moving average price is $71.33 and its 200 day moving average price is $67.38.

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Several equities analysts recently commented on EGRX shares. Zacks Investment Research upgraded shares of Eagle Pharmaceuticals from a “strong sell” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Friday, November 4th. Mizuho downgraded shares of Eagle Pharmaceuticals from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Wednesday, November 16th. RBC Capital Markets reiterated an “outperform” rating and set a $86.00 price target (down from $93.00) on shares of Eagle Pharmaceuticals in a report on Monday, January 9th. Finally, Royal Bank Of Canada upped their price target on shares of Eagle Pharmaceuticals from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.83.

In other Eagle Pharmaceuticals news, major shareholder Proquest Investments Iv, L.P. sold 65,114 shares of Eagle Pharmaceuticals stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $85.16, for a total transaction of $5,545,108.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sander A. Flaum sold 5,000 shares of Eagle Pharmaceuticals stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $78.66, for a total transaction of $393,300.00. Following the transaction, the director now directly owns 11,374 shares in the company, valued at $894,678.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,114 shares of company stock worth $6,688,508. Insiders own 18.80% of the company’s stock.

About Eagle Pharmaceuticals

Eagle Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses on developing and commercializing injectable products in the critical care and oncology areas. The Company’s product portfolio includes EP-1101 (argatroban); Ryanodex (dantrolene sodium); docetaxel injection, non-alcohol formulation (Non-Alcohol Docetaxel Injection); diclofenac-misoprostol; EP-3101 (Bendamustine Hydrochloride Injection, ready-to-dilute (RTD) concentrate solution), and EP-3102 (rapidly infused bendamustine RTD) (EP-3102 Bendeka).

5 Day Chart for NASDAQ:EGRX

Want to see what other hedge funds are holding EGRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX).

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