Vivo Capital LLC Sells 120,000 Shares of Ascendis Pharma A/S (NASDAQ:ASND)
Vivo Capital LLC decreased its position in shares of Ascendis Pharma A/S (NASDAQ:ASND) by 5.5% during the first quarter, HoldingsChannel reports. The firm owned 2,046,832 shares of the biotechnology company’s stock after selling 120,000 shares during the period. Ascendis Pharma A/S makes up approximately 24.0% of Vivo Capital LLC’s holdings, making the stock its biggest holding. Vivo Capital LLC’s holdings in Ascendis Pharma A/S were worth $240,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Ascendis Pharma A/S during the fourth quarter valued at about $25,000. Lindbrook Capital LLC bought a new position in shares of Ascendis Pharma A/S during the fourth quarter valued at about $54,000. Citigroup Inc. bought a new position in shares of Ascendis Pharma A/S during the first quarter valued at about $70,000. NumerixS Investment Technologies Inc bought a new position in shares of Ascendis Pharma A/S during the first quarter valued at about $94,000. Finally, Private Ocean LLC bought a new stake in shares of Ascendis Pharma A/S in the first quarter worth about $113,000.
ASND traded up $2.47 on Wednesday, hitting $121.27. The company had a trading volume of 9,584 shares, compared to its average volume of 349,645. The company has a debt-to-equity ratio of 0.02, a current ratio of 22.32 and a quick ratio of 22.32. Ascendis Pharma A/S has a 52-week low of $53.21 and a 52-week high of $133.96. The firm has a market capitalization of $5.19 billion, a PE ratio of -32.32 and a beta of 0.77.
Several research firms recently issued reports on ASND. Zacks Investment Research cut Ascendis Pharma A/S from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. BidaskClub raised Ascendis Pharma A/S from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Cantor Fitzgerald reissued a “buy” rating and issued a $185.00 target price on shares of Ascendis Pharma A/S in a research note on Monday, March 18th. Wedbush raised their target price on Ascendis Pharma A/S from $219.00 to $223.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, Canaccord Genuity raised their target price on Ascendis Pharma A/S from $133.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $137.22.
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Ascendis Pharma A/S Company Profile
Ascendis Pharma A/S, a clinical stage biopharmaceutical company, develops various prodrug therapies for unmet medical needs. The company develops TransCon human growth hormone, which is in Phase III clinical study in children to treat growth hormone deficiency; TransCon parathyroid hormone that is in Phase I clinical study for treating hypoparathyroidism; and TransCon C-type natriuretic peptide for the treatment of achondroplasia.
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