Parametrica Management Ltd Purchases New Stake in Alkermes Plc (ALKS)

Parametrica Management Ltd purchased a new position in Alkermes Plc (NASDAQ:ALKS) during the first quarter, Holdings Channel reports. The institutional investor purchased 8,854 shares of the company’s stock, valued at approximately $518,000.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its stake in shares of Alkermes Plc by 1,223.7% in the third quarter. Sei Investments Co. now owns 88,225 shares of the company’s stock worth $4,150,000 after buying an additional 81,560 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Alkermes Plc by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 3,800 shares of the company’s stock worth $179,000 after buying an additional 400 shares during the last quarter. M&T Bank Corp increased its stake in shares of Alkermes Plc by 31.9% in the third quarter. M&T Bank Corp now owns 6,625 shares of the company’s stock worth $312,000 after buying an additional 1,604 shares during the last quarter. KBC Group NV increased its stake in shares of Alkermes Plc by 45.9% in the third quarter. KBC Group NV now owns 14,168 shares of the company’s stock worth $667,000 after buying an additional 4,457 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Alkermes Plc by 1.8% in the third quarter. Neuberger Berman Group LLC now owns 9,282 shares of the company’s stock worth $437,000 after buying an additional 163 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alkermes Plc (NASDAQ:ALKS)

Shares of Alkermes Plc (NASDAQ:ALKS) traded up 0.37% during midday trading on Thursday, reaching $57.16. The company’s stock had a trading volume of 829,611 shares. The stock’s 50-day moving average price is $57.85 and its 200-day moving average price is $54.98. The company’s market cap is $8.72 billion. Alkermes Plc has a 12-month low of $36.71 and a 12-month high of $62.50.

Alkermes Plc (NASDAQ:ALKS) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The firm had revenue of $213.50 million for the quarter, compared to the consensus estimate of $206.38 million. Alkermes Plc had a negative return on equity of 12.75% and a negative net margin of 36.92%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) EPS. On average, analysts expect that Alkermes Plc will post $0.04 EPS for the current fiscal year.

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A number of brokerages recently weighed in on ALKS. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Alkermes Plc in a research report on Monday, April 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Alkermes Plc in a research report on Thursday, March 16th. TheStreet raised Alkermes Plc from a “d+” rating to a “c” rating in a research report on Wednesday, February 15th. Finally, Cowen and Company reaffirmed a “positive” rating and set a $65.00 price objective on shares of Alkermes Plc in a research report on Tuesday, March 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $63.55.

In related news, CMO Elliot Ehrich sold 11,983 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $54.32, for a total value of $650,916.56. Following the sale, the chief marketing officer now owns 62,640 shares in the company, valued at approximately $3,402,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James M. Frates sold 25,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $59.08, for a total value of $1,477,000.00. Following the completion of the sale, the senior vice president now owns 144,053 shares in the company, valued at approximately $8,510,651.24. The disclosure for this sale can be found here. Insiders sold a total of 112,783 shares of company stock worth $6,553,698 in the last quarter. Company insiders own 4.75% of the company’s stock.

Alkermes Plc Company Profile

Alkermes plc is a biopharmaceutical company. The Company is engaged in the researching, developing and commercializing pharmaceutical products that are designed to address medical needs of patients in therapeutic areas. The Company has a portfolio of marketed drug products and a clinical pipeline of products that address central nervous system (CNS) disorders, such as schizophrenia, depression, addiction and multiple sclerosis (MS).

5 Day Chart for NASDAQ:ALKS

Want to see what other hedge funds are holding ALKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alkermes Plc (NASDAQ:ALKS).

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