Cerecor Inc (NASDAQ:CERC) Major Shareholder Armistice Capital Master Fund Acquires 10,000 Shares

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Cerecor Inc (NASDAQ:CERC) major shareholder Armistice Capital Master Fund acquired 10,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $4.88 per share, for a total transaction of $48,800.00. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Armistice Capital Master Fund also recently made the following trade(s):

  • On Wednesday, June 5th, Armistice Capital Master Fund acquired 15,000 shares of Cerecor stock. The stock was purchased at an average price of $4.81 per share, for a total transaction of $72,150.00.
  • On Friday, May 31st, Armistice Capital Master Fund bought 51,000 shares of Cerecor stock. The stock was bought at an average cost of $4.71 per share, with a total value of $240,210.00.
  • On Tuesday, May 28th, Armistice Capital Master Fund bought 29,000 shares of Cerecor stock. The stock was bought at an average cost of $5.02 per share, with a total value of $145,580.00.
  • On Friday, May 17th, Armistice Capital Master Fund bought 10,000 shares of Cerecor stock. The stock was bought at an average cost of $5.18 per share, with a total value of $51,800.00.
  • On Tuesday, May 14th, Armistice Capital Master Fund bought 20,000 shares of Cerecor stock. The stock was bought at an average cost of $4.97 per share, with a total value of $99,400.00.
  • On Wednesday, March 27th, Armistice Capital Master Fund bought 50,000 shares of Cerecor stock. The stock was bought at an average cost of $5.47 per share, with a total value of $273,500.00.

CERC opened at $5.40 on Thursday. Cerecor Inc has a 1-year low of $2.71 and a 1-year high of $7.65. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62.

Cerecor (NASDAQ:CERC) last released its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The company had revenue of $5.41 million during the quarter, compared to the consensus estimate of $4.85 million. Cerecor had a negative net margin of 226.50% and a negative return on equity of 120.67%. As a group, equities analysts anticipate that Cerecor Inc will post -0.64 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Opaleye Management Inc. grew its position in shares of Cerecor by 5.2% during the 1st quarter. Opaleye Management Inc. now owns 2,300,000 shares of the company’s stock valued at $13,432,000 after buying an additional 114,464 shares during the last quarter. Prosight Management LP bought a new stake in shares of Cerecor during the 4th quarter valued at about $994,000. Geode Capital Management LLC grew its position in shares of Cerecor by 50.7% during the 4th quarter. Geode Capital Management LLC now owns 94,990 shares of the company’s stock valued at $306,000 after buying an additional 31,951 shares during the last quarter. Vanguard Group Inc grew its position in shares of Cerecor by 10.1% during the 3rd quarter. Vanguard Group Inc now owns 87,929 shares of the company’s stock valued at $411,000 after buying an additional 8,094 shares during the last quarter. Finally, Spark Investment Management LLC grew its position in shares of Cerecor by 60.5% during the 1st quarter. Spark Investment Management LLC now owns 83,000 shares of the company’s stock valued at $484,000 after buying an additional 31,290 shares during the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on CERC. TheStreet downgraded shares of Cerecor from a “c-” rating to a “d+” rating in a research report on Wednesday, May 29th. HC Wainwright set a $11.00 target price on shares of Cerecor and gave the stock a “buy” rating in a research report on Wednesday, April 17th. LADENBURG THALM/SH SH reissued a “buy” rating and issued a $8.00 target price on shares of Cerecor in a research report on Monday, May 13th. ValuEngine downgraded shares of Cerecor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Maxim Group reissued a “buy” rating and issued a $10.00 target price on shares of Cerecor in a research report on Friday, May 10th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.67.

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About Cerecor

Cerecor Inc, a pharmaceutical company, focuses on pediatric health care. Its lead product portfolio includes prescribed dietary supplements, such as Poly-Vi-Flor and Tri-Vi-Flor; and prescription drugs, such as Millipre, Ulesfia, Karbinal ER, AcipHex Sprinkle, and Cefaclor for oral suspension, as well as Flexichamber a medical device.

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