Alkermes Plc (NASDAQ:ALKS) Director Paul J. Mitchell sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $54.99, for a total value of $54,990.00. Following the completion of the transaction, the director now owns 9,000 shares in the company, valued at approximately $494,910. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Alkermes Plc (ALKS) traded down $1.45 during midday trading on Thursday, hitting $54.44. The company had a trading volume of 727,463 shares, compared to its average volume of 933,788. The company has a market cap of $8,370.00, a PE ratio of -49.05 and a beta of 2.13. Alkermes Plc has a 1-year low of $46.42 and a 1-year high of $63.40. The company has a current ratio of 3.05, a quick ratio of 2.72 and a debt-to-equity ratio of 0.23.
Alkermes (NASDAQ:ALKS) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $217.40 million during the quarter, compared to analysts’ expectations of $231.29 million. Alkermes had a negative return on equity of 7.27% and a negative net margin of 20.12%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS. analysts predict that Alkermes Plc will post -0.59 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank grew its stake in shares of Alkermes by 12.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,875 shares of the company’s stock valued at $109,000 after buying an additional 212 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Alkermes in the 3rd quarter valued at approximately $126,000. Virtu Financial LLC bought a new stake in shares of Alkermes in the 3rd quarter valued at approximately $201,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Alkermes in the 3rd quarter valued at approximately $214,000. Finally, Trexquant Investment LP bought a new stake in shares of Alkermes in the 3rd quarter valued at approximately $218,000. 99.17% of the stock is owned by institutional investors and hedge funds.
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Alkermes 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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