Amyris Target of Unusually Large Options Trading (AMRS)
Amyris Inc (NASDAQ:AMRS) was the target of unusually large options trading on Wednesday. Stock traders acquired 813 call options on the stock. This is an increase of 1,406% compared to the average daily volume of 54 call options.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMRS. Bank of New York Mellon Corp raised its holdings in Amyris by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,768 shares of the biotechnology company’s stock valued at $104,000 after acquiring an additional 4,603 shares in the last quarter. Carl Domino Inc acquired a new position in Amyris in the 3rd quarter valued at $182,000. KBC Group NV raised its holdings in Amyris by 228.4% in the 3rd quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock valued at $192,000 after acquiring an additional 41,834 shares in the last quarter. Finally, Tanaka Capital Management Inc. raised its holdings in Amyris by 72.0% in the 3rd quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock valued at $1,691,000 after acquiring an additional 221,295 shares in the last quarter. 22.84% of the stock is owned by hedge funds and other institutional investors.
Amyris (NASDAQ:AMRS) opened at $4.64 on Friday. The firm has a market capitalization of $199.68, a price-to-earnings ratio of -0.75 and a beta of 0.16. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of -0.78. Amyris has a fifty-two week low of $1.86 and a fifty-two week high of $12.28.
Several research firms recently weighed in on AMRS. HC Wainwright reissued a “buy” rating and set a $15.00 price target on shares of Amyris in a report on Tuesday, September 26th. Cowen reissued a “hold” rating and set a $4.00 price target on shares of Amyris in a report on Wednesday, November 29th. Zacks Investment Research raised Amyris from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Wednesday, October 4th. Finally, ValuEngine cut Amyris from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st.
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Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
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