venBio Select Advisor LLC Has $139.14 Million Holdings in Sarepta Therapeutics Inc (SRPT)

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venBio Select Advisor LLC raised its holdings in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 35.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,275,000 shares of the biotechnology company’s stock after buying an additional 331,500 shares during the period. Sarepta Therapeutics makes up approximately 8.3% of venBio Select Advisor LLC’s portfolio, making the stock its 3rd largest position. venBio Select Advisor LLC owned 1.91% of Sarepta Therapeutics worth $139,141,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cornerstone Advisors Inc. acquired a new stake in Sarepta Therapeutics during the 3rd quarter worth $25,000. Oppenheimer Asset Management Inc. acquired a new stake in Sarepta Therapeutics during the 4th quarter worth $51,000. Larson Financial Group LLC acquired a new stake in Sarepta Therapeutics during the 4th quarter worth $55,000. Ffcm LLC raised its stake in Sarepta Therapeutics by 31.1% during the 4th quarter. Ffcm LLC now owns 1,311 shares of the biotechnology company’s stock worth $143,000 after acquiring an additional 311 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Sarepta Therapeutics by 168.3% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,610 shares of the biotechnology company’s stock worth $175,000 after acquiring an additional 1,010 shares in the last quarter.

Several equities research analysts recently commented on SRPT shares. HC Wainwright set a $267.00 price target on shares of Sarepta Therapeutics and gave the stock a “buy” rating in a research note on Monday, December 10th. BidaskClub upgraded shares of Sarepta Therapeutics from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $164.00 price target on shares of Sarepta Therapeutics in a research note on Thursday, January 17th. BMO Capital Markets started coverage on shares of Sarepta Therapeutics in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, Morgan Stanley lifted their price target on shares of Sarepta Therapeutics from $161.00 to $169.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $189.86.

Shares of NASDAQ:SRPT traded down $1.24 during midday trading on Friday, hitting $128.17. The stock had a trading volume of 12,032 shares, compared to its average volume of 1,368,377. The company has a market cap of $9.23 billion, a price-to-earnings ratio of -23.40 and a beta of 2.08. The company has a quick ratio of 7.49, a current ratio of 8.21 and a debt-to-equity ratio of 0.41. Sarepta Therapeutics Inc has a 1 year low of $70.50 and a 1 year high of $176.50.

Sarepta Therapeutics (NASDAQ:SRPT) last issued its earnings results on Wednesday, February 27th. The biotechnology company reported ($0.85) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.08) by $0.23. The business had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84.83 million. Sarepta Therapeutics had a negative net margin of 120.22% and a negative return on equity of 36.73%. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. On average, research analysts forecast that Sarepta Therapeutics Inc will post -5.17 EPS for the current year.

In other news, SVP David T. Howton sold 30,000 shares of Sarepta Therapeutics stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $140.00, for a total value of $4,200,000.00. Following the sale, the senior vice president now owns 31,196 shares of the company’s stock, valued at $4,367,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandesh Mahatme sold 65,000 shares of Sarepta Therapeutics stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $145.00, for a total transaction of $9,425,000.00. Following the completion of the sale, the chief financial officer now directly owns 73,649 shares in the company, valued at approximately $10,679,105. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,000 shares of company stock worth $22,089,950. Insiders own 7.90% of the company’s stock.

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Sarepta Therapeutics Profile

Sarepta Therapeutics, Inc focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare neuromuscular diseases. The company offers EXONDYS 51, a disease-modifying therapy for the treatment of duchenne muscular dystrophy (DMD), which is a rare genetic muscle-wasting disease caused by the absence of dystrophin.

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

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