Stonepine Capital Management LLC Takes Position in Intercept Pharmaceuticals, Inc. (ICPT)
Stonepine Capital Management LLC acquired a new stake in Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,600 shares of the biopharmaceutical company’s stock, valued at approximately $1,080,000. Intercept Pharmaceuticals accounts for 0.6% of Stonepine Capital Management LLC’s portfolio, making the stock its 18th largest holding. Stonepine Capital Management LLC owned 0.07% of Intercept Pharmaceuticals as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ICPT. Balyasny Asset Management LLC bought a new stake in Intercept Pharmaceuticals in the 2nd quarter valued at about $13,766,000. Vanguard Group Inc. raised its stake in Intercept Pharmaceuticals by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,328,133 shares of the biopharmaceutical company’s stock valued at $160,797,000 after acquiring an additional 57,149 shares during the period. First Trust Advisors LP raised its stake in Intercept Pharmaceuticals by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 287,411 shares of the biopharmaceutical company’s stock valued at $34,797,000 after acquiring an additional 41,856 shares during the period. Quantitative Investment Management LLC bought a new stake in Intercept Pharmaceuticals in the 2nd quarter valued at about $3,728,000. Finally, Asymmetry Capital Management L.P. bought a new stake in Intercept Pharmaceuticals in the 2nd quarter valued at about $3,580,000. Institutional investors and hedge funds own 73.79% of the company’s stock.
In other news, CEO Mark Pruzanski sold 1,532 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.87, for a total transaction of $90,188.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,566 shares of company stock valued at $151,025 in the last three months. 9.20% of the stock is owned by insiders.
Intercept Pharmaceuticals (NASDAQ:ICPT) last issued its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($2.89) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.48) by $0.59. Intercept Pharmaceuticals had a negative return on equity of 176.51% and a negative net margin of 344.74%. The company had revenue of $41.33 million during the quarter, compared to analyst estimates of $36.95 million. During the same quarter in the previous year, the firm earned ($3.59) earnings per share. Intercept Pharmaceuticals’s revenue was up 697.9% on a year-over-year basis. research analysts anticipate that Intercept Pharmaceuticals, Inc. will post -13.35 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the company. ValuEngine upgraded Intercept Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Wedbush reiterated an “outperform” rating and set a $253.00 price target on shares of Intercept Pharmaceuticals in a research report on Friday, August 25th. BidaskClub upgraded Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Cantor Fitzgerald reiterated an “underweight” rating and set a $69.00 price target (up from $60.00) on shares of Intercept Pharmaceuticals in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $221.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Intercept Pharmaceuticals currently has an average rating of “Hold” and a consensus price target of $144.13.
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Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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