Mckinley Capital Management LLC Delaware Invests $1.33 Million in Audentes Therapeutics Inc (BOLD)
Mckinley Capital Management LLC Delaware bought a new position in shares of Audentes Therapeutics Inc (NASDAQ:BOLD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,594 shares of the biotechnology company’s stock, valued at approximately $1,333,000. Mckinley Capital Management LLC Delaware owned about 0.17% of Audentes Therapeutics as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BOLD. SG Americas Securities LLC bought a new stake in shares of Audentes Therapeutics during the third quarter worth $143,000. Nationwide Fund Advisors raised its position in shares of Audentes Therapeutics by 288.9% during the second quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock worth $164,000 after acquiring an additional 6,384 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in shares of Audentes Therapeutics during the second quarter worth $210,000. Rhumbline Advisers bought a new stake in shares of Audentes Therapeutics during the second quarter worth $252,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Audentes Therapeutics during the second quarter worth $257,000. Institutional investors own 78.99% of the company’s stock.
In other Audentes Therapeutics news, SVP David Nagler sold 3,750 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $30.00, for a total value of $112,500.00. Following the completion of the transaction, the senior vice president now directly owns 3,750 shares of the company’s stock, valued at $112,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Orbimed Advisors Llc sold 672,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $28.25, for a total value of $18,984,000.00. The disclosure for this sale can be found here. Insiders sold 758,500 shares of company stock valued at $21,340,610 in the last quarter. 47.30% of the stock is currently owned by corporate insiders.
Audentes Therapeutics (NASDAQ:BOLD) last released its quarterly earnings data on Tuesday, November 14th. The biotechnology company reported ($0.88) EPS for the quarter, meeting analysts’ consensus estimates of ($0.88). sell-side analysts forecast that Audentes Therapeutics Inc will post -3.52 EPS for the current fiscal year.
A number of research firms recently commented on BOLD. Zacks Investment Research downgraded Audentes Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Evercore ISI began coverage on Audentes Therapeutics in a report on Wednesday, August 16th. They issued an “outperform” rating and a $23.00 price objective for the company. ValuEngine downgraded Audentes Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, October 13th. William Blair began coverage on Audentes Therapeutics in a report on Tuesday, October 17th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, Raymond James Financial began coverage on Audentes Therapeutics in a report on Thursday, October 12th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.17.
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Audentes Therapeutics Company Profile
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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