Athersys (ATHX) Downgraded by ValuEngine to “Sell”
Athersys (NASDAQ:ATHX) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.
Several other brokerages also recently commented on ATHX. Maxim Group set a $12.00 target price on Athersys and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research downgraded Athersys from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Athersys has an average rating of “Hold” and an average target price of $7.17.
Shares of Athersys (ATHX) traded down $0.08 during midday trading on Tuesday, hitting $1.85. The stock had a trading volume of 495,540 shares, compared to its average volume of 1,024,704. Athersys has a one year low of $1.02 and a one year high of $2.63.
A number of large investors have recently added to or reduced their stakes in ATHX. Bank of America Corp DE lifted its holdings in Athersys by 17.2% during the 1st quarter. Bank of America Corp DE now owns 61,580 shares of the biopharmaceutical company’s stock worth $105,000 after purchasing an additional 9,019 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Athersys by 329.7% during the 2nd quarter. SG Americas Securities LLC now owns 73,434 shares of the biopharmaceutical company’s stock worth $111,000 after purchasing an additional 56,345 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in Athersys during the 2nd quarter worth approximately $113,000. Blair William & Co. IL lifted its holdings in Athersys by 708.0% during the 2nd quarter. Blair William & Co. IL now owns 80,804 shares of the biopharmaceutical company’s stock worth $122,000 after purchasing an additional 70,804 shares during the last quarter. Finally, Thompson Davis & CO. Inc. lifted its holdings in Athersys by 743.9% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 64,303 shares of the biopharmaceutical company’s stock worth $132,000 after purchasing an additional 56,683 shares during the last quarter. 21.06% of the stock is owned by institutional investors and hedge funds.
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Athersys Company Profile
Athersys, Inc is an international biotechnology company that is focused primarily in the field of regenerative medicine. The Company’s MultiStem cell therapy, an allogeneic stem cell product, is its lead platform product and is in later-stage clinical development. Its clinical development programs are focused on treating neurological conditions, cardiovascular disease, inflammatory and immune disorders, certain pulmonary conditions and other conditions where the standard of care is limited or inadequate for many patients.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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