According to Zacks, “Mustang Bio, Inc. a subsidiary of Fortress Biotech, Inc., is a clinical?stage biopharmaceutical company. It focused on the development and commercialization of novel cancer immunotherapy products designed to leverage the patient’s own immune system to eliminate cancer cells. Mustang Bio, Inc. is based in New York, United States. “
A number of other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of Mustang Bio from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of Mustang Bio in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $7.00 target price on shares of Mustang Bio in a research report on Thursday, January 9th.
Mustang Bio (NASDAQ:MBIO) last announced its earnings results on Monday, March 16th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.16). Equities research analysts predict that Mustang Bio will post -1.19 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Ikarian Capital LLC acquired a new position in Mustang Bio in the fourth quarter valued at about $1,319,000. Parkman Healthcare Partners LLC acquired a new position in Mustang Bio in the fourth quarter valued at about $1,233,000. Oxford Asset Management LLP raised its stake in Mustang Bio by 415.9% in the fourth quarter. Oxford Asset Management LLP now owns 226,708 shares of the company’s stock valued at $925,000 after purchasing an additional 182,767 shares in the last quarter. State Street Corp raised its stake in Mustang Bio by 49.7% in the third quarter. State Street Corp now owns 477,694 shares of the company’s stock valued at $1,557,000 after purchasing an additional 158,696 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Mustang Bio by 9.2% in the fourth quarter. Renaissance Technologies LLC now owns 766,972 shares of the company’s stock valued at $3,129,000 after purchasing an additional 64,500 shares in the last quarter. 21.61% of the stock is owned by institutional investors.
Mustang Bio Company Profile
Mustang Bio, Inc, a clinical-stage biopharmaceutical company, focuses on translating medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors, and rare genetic diseases. Its pipeline focuses on gene therapy programs for rare genetic disorders, chimeric antigen receptor (CAR) engineered T cell (CAR T) therapies for hematologic malignancies, and CAR T therapies for solid tumors.
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