Handelsbanken Fonder AB Buys New Holdings in Sarepta Therapeutics Inc (SRPT)

Handelsbanken Fonder AB bought a new position in shares of Sarepta Therapeutics Inc (NASDAQ:SRPT) during the 4th quarter, Holdings Channel reports. The firm bought 21,500 shares of the biotechnology company’s stock, valued at approximately $1,196,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SRPT. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sarepta Therapeutics by 39.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,448 shares of the biotechnology company’s stock worth $192,000 after buying an additional 977 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Sarepta Therapeutics by 140.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,262 shares of the biotechnology company’s stock valued at $193,000 after purchasing an additional 2,493 shares during the period. Prentiss Smith & Co. Inc. acquired a new position in shares of Sarepta Therapeutics in the 4th quarter valued at about $199,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sarepta Therapeutics in the 4th quarter valued at about $217,000. Finally, Aperio Group LLC acquired a new position in shares of Sarepta Therapeutics in the 4th quarter valued at about $219,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

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SRPT stock opened at $77.80 on Friday. Sarepta Therapeutics Inc has a 52 week low of $28.14 and a 52 week high of $84.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 12.96 and a current ratio of 13.91. The firm has a market capitalization of $5,192.42, a P/E ratio of -97.25 and a beta of 1.52.

Sarepta Therapeutics (NASDAQ:SRPT) last posted its quarterly earnings results on Thursday, March 1st. The biotechnology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.05). Sarepta Therapeutics had a negative return on equity of 30.59% and a negative net margin of 32.79%. The firm had revenue of $57.30 million for the quarter, compared to analyst estimates of $57.33 million. During the same period last year, the company posted ($0.71) earnings per share. The firm’s quarterly revenue was up 961.1% compared to the same quarter last year. analysts anticipate that Sarepta Therapeutics Inc will post -1.18 earnings per share for the current year.

A number of research analysts have recently issued reports on SRPT shares. BidaskClub raised Sarepta Therapeutics from a “hold” rating to a “buy” rating in a research note on Monday, December 25th. Zacks Investment Research downgraded Sarepta Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. HC Wainwright reissued a “buy” rating and issued a $75.00 price objective on shares of Sarepta Therapeutics in a research note on Tuesday, January 9th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $75.00 price objective (up from $63.00) on shares of Sarepta Therapeutics in a research note on Wednesday, February 21st. Finally, Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Sarepta Therapeutics in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Sarepta Therapeutics has an average rating of “Buy” and an average target price of $76.40.

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Sarepta Therapeutics Company Profile

Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).

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Institutional Ownership by Quarter for Sarepta Therapeutics (NASDAQ:SRPT)

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