Recro Pharma Inc (REPH) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Recro Pharma Inc (NASDAQ:REPH) by 183.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,784 shares of the specialty pharmaceutical company’s stock after buying an additional 14,098 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Recro Pharma worth $197,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC acquired a new stake in shares of Recro Pharma in the second quarter worth $162,000. California State Teachers Retirement System acquired a new stake in shares of Recro Pharma in the second quarter worth $169,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Recro Pharma in the second quarter worth $215,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Recro Pharma in the second quarter worth $249,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Recro Pharma by 182.7% in the second quarter. Bank of New York Mellon Corp now owns 50,532 shares of the specialty pharmaceutical company’s stock worth $355,000 after buying an additional 32,655 shares during the period. 61.55% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Zacks Investment Research cut Recro Pharma from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $11.00 target price on shares of Recro Pharma in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Recro Pharma has an average rating of “Hold” and an average target price of $11.65.

In related news, major shareholder Scp Vitalife Partners (Israel) sold 12,964 shares of Recro Pharma stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $8.88, for a total transaction of $115,120.32. Following the completion of the sale, the insider now owns 734,269 shares of the company’s stock, valued at $6,520,308.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Healthcare Master Fun Broadfin sold 222,616 shares of Recro Pharma stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $9.58, for a total value of $2,132,661.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 860,414 shares of company stock valued at $8,289,916. Insiders own 21.60% of the company’s stock.

Shares of Recro Pharma Inc (REPH) opened at $8.93 on Friday. Recro Pharma Inc has a 12-month low of $5.81 and a 12-month high of $10.59. The company has a quick ratio of 1.35, a current ratio of 1.59 and a debt-to-equity ratio of 0.50.

Recro Pharma (NASDAQ:REPH) last released its quarterly earnings data on Thursday, November 9th. The specialty pharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.27. Recro Pharma had a negative return on equity of 60.01% and a negative net margin of 51.88%. sell-side analysts predict that Recro Pharma Inc will post -2.14 earnings per share for the current fiscal year.

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Recro Pharma Profile

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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Institutional Ownership by Quarter for Recro Pharma (NASDAQ:REPH)

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