Akorn, Inc. (AKRX) Shares Sold by Quad Capital Management Advisors LLC

Quad Capital Management Advisors LLC cut its stake in Akorn, Inc. (NASDAQ:AKRX) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,000 shares of the company’s stock after selling 62,838 shares during the quarter. Akorn makes up 4.0% of Quad Capital Management Advisors LLC’s portfolio, making the stock its 4th biggest holding. Quad Capital Management Advisors LLC’s holdings in Akorn were worth $9,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LMR Partners LLP acquired a new position in shares of Akorn in the third quarter worth $200,000. State of Alaska Department of Revenue acquired a new position in shares of Akorn in the fourth quarter worth $199,000. Opera Trading Capital acquired a new position in shares of Akorn in the fourth quarter worth $274,000. ING Groep NV acquired a new position in shares of Akorn in the fourth quarter worth $275,000. Finally, Stone Ridge Asset Management LLC bought a new stake in Akorn in the fourth quarter worth $290,000. 77.52% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Shares of Akorn, Inc. (AKRX) opened at $18.77 on Thursday. The stock has a market cap of $2,374.90, a price-to-earnings ratio of 11.78, a P/E/G ratio of 0.71 and a beta of 1.78. Akorn, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $34.00. The company has a quick ratio of 3.19, a current ratio of 4.27 and a debt-to-equity ratio of 0.98.

In related news, major shareholder John N. Kapoor sold 13,629 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $32.67, for a total value of $445,259.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 28.20% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Akorn from a “sell” rating to a “strong sell” rating in a report on Thursday, February 22nd. William Blair reiterated a “hold” rating on shares of Akorn in a report on Thursday, March 1st. Piper Jaffray Companies set a $34.00 price objective on shares of Akorn and gave the stock a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Akorn from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank set a $34.00 price objective on shares of Akorn and gave the stock a “hold” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.00.

TRADEMARK VIOLATION NOTICE: “Akorn, Inc. (AKRX) Shares Sold by Quad Capital Management Advisors LLC” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3264433/akorn-inc-akrx-shares-sold-by-quad-capital-management-advisors-llc.html.

About Akorn

Akorn Inc (Akorn), together with its subsidiaries, is a specialty generic pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals, as well as private-label over-the-counter (OTC) consumer health products and animal health pharmaceuticals. The Company operates through two segments: Prescription Pharmaceuticals and the Consumer Health.

Want to see what other hedge funds are holding AKRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akorn, Inc. (NASDAQ:AKRX).

Institutional Ownership by Quarter for Akorn (NASDAQ:AKRX)

Receive News & Ratings for Akorn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akorn and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Smart Sand  Expected to Post Earnings of $0.08 Per Share
Smart Sand Expected to Post Earnings of $0.08 Per Share
JetPay  Getting Favorable News Coverage, Accern Reports
JetPay Getting Favorable News Coverage, Accern Reports
Glen Burnie Bancorp  Receives News Sentiment Rating of -0.08
Glen Burnie Bancorp Receives News Sentiment Rating of -0.08
MKS Instruments  Releases Q2 Earnings Guidance
MKS Instruments Releases Q2 Earnings Guidance
Vipshop  versus Qurate Retail Group  Critical Contrast
Vipshop versus Qurate Retail Group Critical Contrast
Reviewing Chunghwa Telecom  and Cellcom
Reviewing Chunghwa Telecom and Cellcom


© 2006-2018 Ticker Report. Google+.