Alkermes Plc (ALKS) Director Richard F. Pops Sells 25,000 Shares
Alkermes Plc (NASDAQ:ALKS) Director Richard F. Pops sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $57.42, for a total value of $1,435,500.00. Following the completion of the sale, the director now directly owns 649,137 shares in the company, valued at $37,273,446.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Alkermes Plc (NASDAQ:ALKS) traded down 0.53% during midday trading on Thursday, hitting $57.94. The company had a trading volume of 937,507 shares. Alkermes Plc has a one year low of $39.36 and a one year high of $62.50. The firm’s market cap is $8.88 billion. The company’s 50 day moving average is $57.81 and its 200 day moving average is $57.06.
Alkermes Plc (NASDAQ:ALKS) last posted its quarterly earnings data on Thursday, April 27th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.07. Alkermes Plc had a negative return on equity of 12.75% and a negative net margin of 36.92%. The business had revenue of $191.80 million for the quarter, compared to analyst estimates of $195.79 million. During the same period in the prior year, the firm posted ($0.16) EPS. Alkermes Plc’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts forecast that Alkermes Plc will post ($0.04) earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of ALKS. Greenwood Capital Associates LLC purchased a new position in Alkermes Plc during the fourth quarter valued at approximately $202,000. Mn Services Vermogensbeheer B.V. raised its stake in Alkermes Plc by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,053 shares of the company’s stock valued at $222,000 after buying an additional 224 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in Alkermes Plc during the first quarter valued at $247,000. Nomura Holdings Inc. bought a new stake in Alkermes Plc during the first quarter valued at $266,000. Finally, Decatur Capital Management Inc. bought a new stake in Alkermes Plc during the first quarter valued at $267,000. 95.52% of the stock is owned by institutional investors and hedge funds.
ALKS has been the topic of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $51.00 price objective on shares of Alkermes Plc in a report on Thursday, February 16th. TheStreet upgraded Alkermes Plc from a “d+” rating to a “c” rating in a report on Wednesday, February 15th. Cowen and Company restated a “positive” rating and issued a $65.00 price objective on shares of Alkermes Plc in a report on Tuesday, March 21st. Jefferies Group LLC restated a “buy” rating and issued a $70.00 price objective on shares of Alkermes Plc in a report on Monday, April 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Alkermes Plc in a report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $63.55.
About Alkermes Plc
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).
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