Rothschild Asset Management Inc. Invests $23.49 Million in Vanda Pharmaceuticals Inc. (VNDA) Stock
Rothschild Asset Management Inc. purchased a new position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,312,334 shares of the biopharmaceutical company’s stock, valued at approximately $23,491,000. Rothschild Asset Management Inc. owned about 2.93% of Vanda Pharmaceuticals at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Vanda Pharmaceuticals by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,680,895 shares of the biopharmaceutical company’s stock worth $43,698,000 after purchasing an additional 186,548 shares during the last quarter. Macquarie Group Ltd. grew its position in Vanda Pharmaceuticals by 10.9% in the 3rd quarter. Macquarie Group Ltd. now owns 1,890,085 shares of the biopharmaceutical company’s stock worth $33,833,000 after purchasing an additional 186,526 shares during the last quarter. State Street Corp grew its position in Vanda Pharmaceuticals by 2.9% in the 2nd quarter. State Street Corp now owns 1,618,485 shares of the biopharmaceutical company’s stock worth $26,380,000 after purchasing an additional 46,299 shares during the last quarter. Renaissance Technologies LLC grew its position in Vanda Pharmaceuticals by 16.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,097,950 shares of the biopharmaceutical company’s stock worth $17,897,000 after purchasing an additional 158,700 shares during the last quarter. Finally, Stonepine Capital Management LLC grew its position in Vanda Pharmaceuticals by 1,482.2% in the 2nd quarter. Stonepine Capital Management LLC now owns 685,086 shares of the biopharmaceutical company’s stock worth $11,167,000 after purchasing an additional 641,786 shares during the last quarter. Institutional investors own 92.84% of the company’s stock.
Several research firms have issued reports on VNDA. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $25.00 price target on shares of Vanda Pharmaceuticals in a research report on Sunday, November 12th. ValuEngine lowered shares of Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Vanda Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $26.00 target price on shares of Vanda Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Vanda Pharmaceuticals currently has a consensus rating of “Buy” and an average target price of $21.50.
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Shares of Vanda Pharmaceuticals Inc. (VNDA) traded down $0.15 during trading on Thursday, hitting $13.00. 229,100 shares of the stock traded hands, compared to its average volume of 554,235. Vanda Pharmaceuticals Inc. has a 1-year low of $11.90 and a 1-year high of $18.99.
Vanda Pharmaceuticals (NASDAQ:VNDA) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). Vanda Pharmaceuticals had a negative net margin of 9.01% and a negative return on equity of 10.99%. The firm had revenue of $41.30 million during the quarter, compared to the consensus estimate of $43.90 million. During the same period last year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. analysts anticipate that Vanda Pharmaceuticals Inc. will post -0.42 earnings per share for the current year.
About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
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