Gilder Gagnon Howe & Co. LLC reduced its position in shares of Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) by 14.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,042,912 shares of the company’s stock after selling 181,902 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Pacira Pharmaceuticals were worth $49,747,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PCRX. Benjamin F. Edwards & Company Inc. raised its position in Pacira Pharmaceuticals by 85.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,491 shares of the company’s stock worth $114,000 after buying an additional 1,149 shares in the last quarter. FNY Partners Fund LP purchased a new position in Pacira Pharmaceuticals during the first quarter worth $136,000. Ameritas Investment Partners Inc. purchased a new position in Pacira Pharmaceuticals during the first quarter worth $144,000. Schnieders Capital Management LLC purchased a new position in Pacira Pharmaceuticals during the second quarter worth $201,000. Finally, Amalgamated Bank purchased a new position in Pacira Pharmaceuticals during the first quarter worth $204,000.

Pacira Pharmaceuticals, Inc. (PCRX) opened at 37.225 on Monday. The company has a 50-day moving average of $46.37 and a 200-day moving average of $45.57. Pacira Pharmaceuticals, Inc. has a 12 month low of $29.95 and a 12 month high of $58.95. The company’s market cap is $1.49 billion.

Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.06. Pacira Pharmaceuticals had a negative net margin of 23.36% and a negative return on equity of 12.44%. The business had revenue of $70.90 million during the quarter, compared to the consensus estimate of $73.37 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Pacira Pharmaceuticals, Inc. will post ($0.07) EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/07/gilder-gagnon-howe-co-llc-has-49-75-million-position-in-pacira-pharmaceuticals-inc-pcrx.html.

A number of equities analysts have recently weighed in on the stock. HC Wainwright set a $59.00 price objective on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a research report on Saturday, May 6th. BMO Capital Markets cut their price objective on shares of Pacira Pharmaceuticals from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday. Canaccord Genuity set a $56.00 price objective on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday, July 25th. Cowen and Company reissued a “hold” rating on shares of Pacira Pharmaceuticals in a research report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Pacira Pharmaceuticals presently has an average rating of “Hold” and a consensus price target of $54.50.

In related news, SVP Scott Braunstein sold 768 shares of Pacira Pharmaceuticals stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $43.32, for a total value of $33,269.76. Following the completion of the transaction, the senior vice president now directly owns 9,982 shares of the company’s stock, valued at $432,420.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lauren Bullaro Riker sold 601 shares of Pacira Pharmaceuticals stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $43.32, for a total value of $26,035.32. The disclosure for this sale can be found here. Insiders sold 50,564 shares of company stock valued at $2,506,682 over the last ninety days. 6.60% of the stock is currently owned by company insiders.

About Pacira Pharmaceuticals

Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.

Want to see what other hedge funds are holding PCRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX).

Institutional Ownership by Quarter for Pacira Pharmaceuticals (NASDAQ:PCRX)

Receive News & Stock Ratings for Pacira Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacira Pharmaceuticals Inc. and related stocks with our FREE daily email newsletter.