Asymmetry Capital Management L.P. acquired a new position in shares of Antares Pharma, Inc. (NASDAQ:ATRS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 199,655 shares of the specialty pharmaceutical company’s stock, valued at approximately $643,000. Antares Pharma makes up 0.8% of Asymmetry Capital Management L.P.’s portfolio, making the stock its 26th biggest position. Asymmetry Capital Management L.P. owned about 0.13% of Antares Pharma as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. bought a new position in shares of Antares Pharma during the 2nd quarter worth approximately $119,000. Legal & General Group Plc bought a new position in shares of Antares Pharma during the 2nd quarter worth approximately $120,000. MML Investors Services LLC raised its stake in shares of Antares Pharma by 228.2% during the 2nd quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock worth $139,000 after acquiring an additional 30,000 shares in the last quarter. Credit Suisse AG bought a new position in shares of Antares Pharma during the 1st quarter worth approximately $146,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Antares Pharma during the 2nd quarter worth approximately $174,000. Hedge funds and other institutional investors own 36.77% of the company’s stock.
Antares Pharma, Inc. (ATRS) traded down 4.31% during mid-day trading on Thursday, reaching $3.77. 3,593,167 shares of the company’s stock traded hands. The stock’s 50 day moving average is $3.21 and its 200-day moving average is $3.00. Antares Pharma, Inc. has a 52 week low of $1.41 and a 52 week high of $4.09. The stock’s market capitalization is $589.65 million.
Antares Pharma (NASDAQ:ATRS) last announced its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $13.42 million for the quarter, compared to analysts’ expectations of $12.99 million. Antares Pharma had a negative net margin of 34.27% and a negative return on equity of 41.37%. On average, equities analysts anticipate that Antares Pharma, Inc. will post ($0.11) EPS for the current year.
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Several research analysts recently commented on ATRS shares. Vetr upgraded shares of Antares Pharma from a “hold” rating to a “buy” rating and set a $3.30 price objective for the company in a research note on Wednesday, July 5th. Chardan Capital started coverage on shares of Antares Pharma in a research note on Friday, June 23rd. They set a “buy” rating and a $5.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of Antares Pharma in a research note on Friday, June 23rd. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Antares Pharma in a research note on Friday, September 8th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Antares Pharma currently has an average rating of “Buy” and an average price target of $4.34.
In other news, Director Leonard S. Jacob sold 230,000 shares of Antares Pharma stock in a transaction on Monday, October 9th. The shares were sold at an average price of $4.05, for a total value of $931,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Garrity sold 30,000 shares of Antares Pharma stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $3.50, for a total transaction of $105,000.00. The disclosure for this sale can be found here. Insiders own 11.60% of the company’s stock.
Antares Pharma Profile
Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops, manufactures and commercializes therapeutic products using its drug delivery systems. Its subcutaneous injection technology platforms include VIBEX disposable pressure-assisted auto injector system suitable for branded and generic injectable drugs in unit dose containers, reusable needle-free spring-action injector devices, and disposable multi-use pen injectors for use with cartridges.
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