Macquarie Group Ltd. Sells 10,000 Shares of Sarepta Therapeutics Inc (SRPT)

Macquarie Group Ltd. reduced its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 30.3% during the 4th quarter, Holdings Channel reports. The firm owned 23,000 shares of the biotechnology company’s stock after selling 10,000 shares during the period. Macquarie Group Ltd.’s holdings in Sarepta Therapeutics were worth $1,280,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SRPT. Nationwide Fund Advisors boosted its position in shares of Sarepta Therapeutics by 11.7% in the 3rd quarter. Nationwide Fund Advisors now owns 32,906 shares of the biotechnology company’s stock worth $1,493,000 after purchasing an additional 3,440 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Sarepta Therapeutics in the 3rd quarter worth $266,000. Sei Investments Co. bought a new position in shares of Sarepta Therapeutics in the 3rd quarter worth $1,013,000. New York State Common Retirement Fund boosted its position in shares of Sarepta Therapeutics by 14.1% in the 3rd quarter. New York State Common Retirement Fund now owns 63,300 shares of the biotechnology company’s stock worth $2,871,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Sarepta Therapeutics by 18.0% in the 3rd quarter. Rhumbline Advisers now owns 72,543 shares of the biotechnology company’s stock worth $3,291,000 after purchasing an additional 11,081 shares during the last quarter. Institutional investors and hedge funds own 84.98% of the company’s stock.

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SRPT stock opened at $71.74 on Friday. 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 stock has a market cap of $4,805.80, a price-to-earnings ratio of -43.74 and a beta of 1.29. Sarepta Therapeutics Inc has a 1-year low of $28.14 and a 1-year high of $84.37.

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

Several research analysts have recently issued reports on the company. JPMorgan Chase raised their price target on Sarepta Therapeutics from $75.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 14th. Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Sarepta Therapeutics in a research report on Wednesday, March 14th. BidaskClub upgraded Sarepta Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. SunTrust Banks raised their price target on Sarepta Therapeutics to $95.00 and gave the stock a “buy” rating in a research report on Friday, March 16th. Finally, Morgan Stanley lowered Sarepta Therapeutics from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $64.00 to $87.00 in a research report on Wednesday, March 21st. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.87.

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Sarepta Therapeutics 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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