Two Sigma Investments LP Acquires Shares of 70,310 Cyclacel (CYCC)
Two Sigma Investments LP acquired a new stake in Cyclacel (NASDAQ:CYCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 70,310 shares of the biotechnology company’s stock, valued at approximately $122,000.
Separately, Citadel Advisors LLC purchased a new position in Cyclacel in the fourth quarter valued at about $108,000. 6.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cyclacel stock opened at $1.47 on Friday. Cyclacel has a 12-month low of $1.28 and a 12-month high of $6.15. The stock has a market capitalization of $17.52, a price-to-earnings ratio of -0.42 and a beta of 3.63.
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Cyclacel Pharmaceuticals, Inc, a biopharmaceutical company, develops medicines for the treatment of cancer and other proliferative diseases. The company's oncology development programs include sapacitabine, a novel orally-available nucleoside analog that is in Phase III clinical trial for the front-line treatment of acute myeloid leukemia; and Phase II clinical trial for the treatment of myelodysplastic syndromes.
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