Alps Advisors Inc. Purchases Shares of 300,068 Amarin Co. plc (AMRN)
Alps Advisors Inc. purchased a new position in shares of Amarin Co. plc (NASDAQ:AMRN) during the fourth quarter, Holdings Channel reports. The firm purchased 300,068 shares of the biopharmaceutical company’s stock, valued at approximately $1,203,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Neuberger Berman Group LLC acquired a new position in Amarin during the third quarter worth about $350,000. Alkeon Capital Management LLC acquired a new position in Amarin during the third quarter worth about $7,875,000. Cubist Systematic Strategies LLC acquired a new position in Amarin during the third quarter worth about $226,000. University of Notre Dame DU Lac acquired a new position in Amarin during the third quarter worth about $2,814,000. Finally, TD Asset Management Inc. acquired a new position in Amarin during the third quarter worth about $285,000. Hedge funds and other institutional investors own 40.14% of the company’s stock.
AMRN has been the topic of a number of recent research reports. Cantor Fitzgerald set a $10.00 price target on shares of Amarin and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Amarin from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Amarin from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. ValuEngine raised shares of Amarin from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Amarin in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.75.
Amarin Co. plc (NASDAQ:AMRN) opened at $3.48 on Friday. The company has a debt-to-equity ratio of -1.48, a quick ratio of 1.32 and a current ratio of 1.63. Amarin Co. plc has a 52 week low of $2.85 and a 52 week high of $4.60. The company has a market cap of $939.95, a PE ratio of -12.89 and a beta of 0.50.
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Amarin Corporation plc is a biopharmaceutical company with operations in lipid science focused on the commercialization and development of therapeutics for cardiovascular health. The Company operates through the development and commercialization of Vascepa segment. The Company’s lead product, Vascepa (icosapent ethyl) capsule, is approved by the United States Food and Drug Administration (FDA) for use as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia.
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