AMAG Pharmaceuticals, Inc. (AMAG) Trading Down 2.8%
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) fell 2.8% on Tuesday . The company traded as low as $13.15 and last traded at $14.45. 978,000 shares were traded during mid-day trading, a decline of 13% from the average session volume of 1,125,797 shares. The stock had previously closed at $14.05.
A number of brokerages have weighed in on AMAG. Zacks Investment Research raised AMAG Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of AMAG Pharmaceuticals in a report on Sunday, November 5th. Morgan Stanley lowered their price objective on AMAG Pharmaceuticals from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Janney Montgomery Scott reaffirmed a “hold” rating on shares of AMAG Pharmaceuticals in a report on Monday, October 23rd. Finally, Piper Jaffray Companies began coverage on AMAG Pharmaceuticals in a report on Monday, October 23rd. They issued a “neutral” rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.48 and a current ratio of 1.59.
Several large investors have recently made changes to their positions in AMAG. BlackRock Inc. boosted its stake in shares of AMAG Pharmaceuticals by 67,790.9% during the 1st quarter. BlackRock Inc. now owns 4,995,412 shares of the specialty pharmaceutical company’s stock worth $112,647,000 after acquiring an additional 4,988,054 shares in the last quarter. State Street Corp lifted its stake in AMAG Pharmaceuticals by 75.2% in the 1st quarter. State Street Corp now owns 2,522,059 shares of the specialty pharmaceutical company’s stock valued at $56,876,000 after buying an additional 1,082,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in AMAG Pharmaceuticals by 152.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,025,673 shares of the specialty pharmaceutical company’s stock valued at $23,129,000 after buying an additional 619,370 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in AMAG Pharmaceuticals by 175.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 525,989 shares of the specialty pharmaceutical company’s stock valued at $9,679,000 after buying an additional 334,811 shares in the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in AMAG Pharmaceuticals in the 3rd quarter valued at approximately $3,958,000.
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AMAG Pharmaceuticals Company Profile
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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