Alkermes PLC (ALKS) SVP Michael J. Landine Sells 15,000 Shares
Alkermes PLC (NASDAQ:ALKS) SVP Michael J. Landine sold 15,000 shares of Alkermes PLC stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $48.71, for a total transaction of $730,650.00. Following the completion of the sale, the senior vice president now directly owns 178,693 shares of the company’s stock, valued at approximately $8,704,136.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Alkermes PLC (ALKS) traded up $2.34 during midday trading on Friday, hitting $50.99. The stock had a trading volume of 896,105 shares, compared to its average volume of 971,668.
Alkermes PLC (NASDAQ:ALKS) last released its earnings results on Thursday, October 26th. The company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The company had revenue of $217.40 million for the quarter, compared to analysts’ expectations of $231.29 million. Alkermes PLC had a negative return on equity of 7.27% and a negative net margin of 20.12%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. equities analysts expect that Alkermes PLC will post -0.59 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in shares of Alkermes PLC by 12.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,875 shares of the company’s stock worth $109,000 after purchasing an additional 212 shares during the period. Daiwa SB Investments Ltd. bought a new stake in shares of Alkermes PLC during the 2nd quarter worth $166,000. Greenwood Capital Associates LLC raised its stake in shares of Alkermes PLC by 1.1% during the 2nd quarter. Greenwood Capital Associates LLC now owns 3,770 shares of the company’s stock worth $219,000 after purchasing an additional 41 shares during the period. US Bancorp DE raised its stake in shares of Alkermes PLC by 366.4% during the 2nd quarter. US Bancorp DE now owns 3,974 shares of the company’s stock worth $231,000 after purchasing an additional 3,122 shares during the period. Finally, Insight Capital Research & Management Inc. purchased a new stake in Alkermes PLC in the 2nd quarter worth about $232,000. Institutional investors own 98.74% of the company’s stock.
Several brokerages have weighed in on ALKS. ValuEngine cut Alkermes PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC set a $50.00 price objective on Alkermes PLC and gave the company a “hold” rating in a research note on Thursday, October 26th. Citigroup Inc. set a $62.00 price objective on Alkermes PLC and gave the company a “hold” rating in a research note on Thursday, October 26th. Credit Suisse Group dropped their price objective on Alkermes PLC from $70.00 to $66.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Alkermes PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.55.
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).
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