Renaissance Technologies LLC Invests $746,000 in Catalyst Pharmaceuticals, Inc. (CPRX)
Renaissance Technologies LLC purchased a new position in shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) during the first quarter, according to its most recent filing with the SEC. The firm purchased 382,400 shares of the biopharmaceutical company’s stock, valued at approximately $746,000. Renaissance Technologies LLC owned about 0.46% of Catalyst Pharmaceuticals as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. purchased a new position in Catalyst Pharmaceuticals during the first quarter worth approximately $1,170,000. Bank of New York Mellon Corp raised its position in Catalyst Pharmaceuticals by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 69,176 shares of the biopharmaceutical company’s stock worth $135,000 after buying an additional 2,404 shares during the period. Oxford Asset Management raised its position in Catalyst Pharmaceuticals by 138.1% in the first quarter. Oxford Asset Management now owns 58,940 shares of the biopharmaceutical company’s stock worth $115,000 after buying an additional 34,181 shares during the period. JPMorgan Chase & Co. purchased a new position in Catalyst Pharmaceuticals during the first quarter worth approximately $155,000. Finally, Knott David M purchased a new position in Catalyst Pharmaceuticals during the first quarter worth approximately $554,000. Hedge funds and other institutional investors own 40.20% of the company’s stock.
Shares of Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) traded up 2.57% during trading on Tuesday, hitting $2.79. 124,708 shares of the stock were exchanged. The firm’s market capitalization is $235.91 million. Catalyst Pharmaceuticals, Inc. has a 52 week low of $0.94 and a 52 week high of $3.20. The firm has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.10.
Catalyst Pharmaceuticals (NASDAQ:CPRX) last issued its quarterly earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Analysts forecast that Catalyst Pharmaceuticals, Inc. will post ($0.23) EPS for the current fiscal year.
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A number of equities analysts have commented on CPRX shares. Zacks Investment Research upgraded shares of Catalyst Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Monday, May 22nd. Piper Jaffray Companies set a $6.00 price target on shares of Catalyst Pharmaceuticals and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Roth Capital set a $5.00 target price on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 10th.
About Catalyst Pharmaceuticals
Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.
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