C WorldWide Group Holding A S raised its stake in Insmed Incorporated (NASDAQ:INSM) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 443,110 shares of the biopharmaceutical company’s stock after acquiring an additional 50,000 shares during the period. C WorldWide Group Holding A S owned 0.50% of Insmed worth $7,816,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Fox Run Management L.L.C. bought a new position in shares of Insmed during the 2nd quarter valued at approximately $387,000. Aperio Group LLC boosted its position in shares of Insmed by 21.0% during the 2nd quarter. Aperio Group LLC now owns 11,402 shares of the biopharmaceutical company’s stock valued at $292,000 after acquiring an additional 1,977 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Insmed by 54.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 51,800 shares of the biopharmaceutical company’s stock valued at $1,311,000 after acquiring an additional 18,300 shares during the last quarter. Swiss National Bank boosted its position in shares of Insmed by 9.7% during the 2nd quarter. Swiss National Bank now owns 154,100 shares of the biopharmaceutical company’s stock valued at $3,945,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Insmed during the 2nd quarter valued at approximately $740,000.
INSM stock traded up $0.03 during midday trading on Friday, reaching $19.07. The company’s stock had a trading volume of 704,128 shares, compared to its average volume of 1,074,463. The company has a debt-to-equity ratio of 1.19, a quick ratio of 6.70 and a current ratio of 6.97. The stock has a fifty day simple moving average of $18.13 and a two-hundred day simple moving average of $21.80. Insmed Incorporated has a 1 year low of $11.31 and a 1 year high of $33.13. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -4.57 and a beta of 2.97.
Insmed (NASDAQ:INSM) last released its earnings results on Wednesday, October 30th. The biopharmaceutical company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.01). Insmed had a negative return on equity of 114.68% and a negative net margin of 291.19%. The business had revenue of $38.89 million during the quarter, compared to analysts’ expectations of $35.89 million. During the same quarter in the previous year, the business earned ($1.14) EPS. As a group, analysts forecast that Insmed Incorporated will post -2.91 EPS for the current fiscal year.
INSM has been the subject of a number of research reports. Credit Suisse Group reiterated a “buy” rating and set a $40.00 target price on shares of Insmed in a research report on Tuesday, September 10th. Zacks Investment Research lowered Insmed from a “buy” rating to a “hold” rating in a report on Friday, September 27th. ValuEngine lowered Insmed from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. HC Wainwright restated a “buy” rating on shares of Insmed in a report on Thursday, October 31st. Finally, Morgan Stanley set a $37.00 price target on Insmed and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.88.
Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed’s first commercial product is ARIKAYCE® (amikacin liposome inhalation suspension), which is approved in the United States for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options.
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