Emory University bought a new position in Ra Pharmctl Inc (NASDAQ:RARX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 103,606 shares of the company’s stock, valued at approximately $2,206,000. Ra Pharmctl accounts for approximately 2.1% of Emory University’s portfolio, making the stock its 10th largest position. Emory University owned 0.46% of Ra Pharmctl as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. American International Group Inc. bought a new stake in shares of Ra Pharmctl during the first quarter valued at about $102,000. Teachers Advisors LLC acquired a new position in Ra Pharmctl during the fourth quarter valued at $135,000. Wells Fargo & Company MN increased its position in Ra Pharmctl by 151.8% in the first quarter. Wells Fargo & Company MN now owns 9,455 shares of the company’s stock valued at $202,000 after buying an additional 5,700 shares during the period. Fred Alger Management Inc. acquired a new position in Ra Pharmctl during the fourth quarter valued at $223,000. Finally, Norges Bank acquired a new position in Ra Pharmctl during the fourth quarter valued at $304,000. Institutional investors and hedge funds own 62.85% of the company’s stock.
Shares of Ra Pharmctl Inc (RARX) traded down 0.28% during midday trading on Friday, reaching $21.30. The company’s stock had a trading volume of 179,542 shares. The stock has a 50-day moving average price of $23.17 and a 200 day moving average price of $19.70. The stock’s market capitalization is $480.68 million. Ra Pharmctl Inc has a 52 week low of $12.05 and a 52 week high of $27.84.
Ra Pharmctl (NASDAQ:RARX) last announced its earnings results on Thursday, May 11th. The company reported ($0.50) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.08. Equities analysts forecast that Ra Pharmctl Inc will post ($2.08) earnings per share for the current year.
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Several research firms recently weighed in on RARX. Zacks Investment Research upgraded Ra Pharmctl from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Saturday, May 27th. Jefferies Group LLC restated an “in-line” rating and set a $25.00 price target on shares of Ra Pharmctl in a research note on Tuesday, March 7th. Finally, BMO Capital Markets upped their price target on Ra Pharmctl from $24.00 to $31.00 and gave the stock a “positive” rating in a research note on Tuesday, March 7th. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $27.00.
In other news, major shareholder Bioventures Ltd Novartis sold 12,114 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $22.63, for a total transaction of $274,139.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 152,460 shares of company stock worth $3,745,249 over the last ninety days.
Ra Pharmctl Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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