AlphaQuest LLC Boosts Holdings in Liquidia Corporation $LQDA

AlphaQuest LLC grew its position in shares of Liquidia Corporation (NASDAQ:LQDA) by 4,240.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,753 shares of the company’s stock after buying an additional 17,344 shares during the quarter. AlphaQuest LLC’s holdings in Liquidia were worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LQDA. Opaleye Management Inc. raised its holdings in Liquidia by 9.5% during the second quarter. Opaleye Management Inc. now owns 2,475,000 shares of the company’s stock worth $30,838,000 after purchasing an additional 215,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Liquidia by 2.4% during the second quarter. Geode Capital Management LLC now owns 1,405,747 shares of the company’s stock worth $17,517,000 after acquiring an additional 32,499 shares during the period. Tyro Capital Management LLC acquired a new position in shares of Liquidia during the 2nd quarter worth $15,473,000. CenterBook Partners LP lifted its stake in shares of Liquidia by 811.7% in the second quarter. CenterBook Partners LP now owns 1,103,850 shares of the company’s stock valued at $13,754,000 after purchasing an additional 982,778 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Liquidia by 10.7% during the first quarter. Goldman Sachs Group Inc. now owns 861,231 shares of the company’s stock worth $12,703,000 after buying an additional 82,955 shares in the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Insider Buying and Selling at Liquidia

In related news, insider Jason Adair sold 35,656 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $30.03, for a total transaction of $1,070,749.68. Following the completion of the sale, the insider directly owned 174,998 shares of the company’s stock, valued at approximately $5,255,189.94. This trade represents a 16.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roger Jeffs sold 66,610 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $37.43, for a total transaction of $2,493,212.30. Following the completion of the transaction, the chief executive officer directly owned 1,037,528 shares of the company’s stock, valued at approximately $38,834,673.04. The trade was a 6.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 252,476 shares of company stock valued at $9,173,435. 26.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LQDA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liquidia in a report on Thursday, January 22nd. Wall Street Zen cut Liquidia from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. BTIG Research reissued a “buy” rating and issued a $49.00 target price on shares of Liquidia in a report on Friday, January 9th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $47.00 price target on shares of Liquidia in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company assumed coverage on shares of Liquidia in a research report on Monday, October 20th. They issued an “overweight” rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Liquidia Trading Up 3.6%

Shares of LQDA stock opened at $43.04 on Friday. The firm’s 50-day simple moving average is $36.69 and its 200-day simple moving average is $28.92. The company has a debt-to-equity ratio of 6.19, a current ratio of 2.20 and a quick ratio of 1.96. Liquidia Corporation has a 1-year low of $11.26 and a 1-year high of $46.67. The firm has a market cap of $3.74 billion, a P/E ratio of -29.89, a PEG ratio of 1.17 and a beta of 0.46.

About Liquidia

Liquidia Technologies, Inc is a clinical-stage biopharmaceutical company headquartered in Research Triangle Park, North Carolina. The company leverages its proprietary PRINT® (Particle Replication In Non-wetting Templates) platform to engineer precisely shaped and sized drug particles, with the goal of improving delivery, efficacy and safety profiles. By controlling particle characteristics at the nanoscale, Liquidia seeks to enhance respiratory and other therapies that depend on targeted delivery.

The company’s lead product candidate, LIQ861, is a dry powder formulation of treprostinil designed for inhalation in patients with pulmonary arterial hypertension (PAH).