Vanguard Group Inc. Sells 33,698 Shares of Mirati Therapeutics, Inc. (MRTX)

Vanguard Group Inc. trimmed its holdings in shares of Mirati Therapeutics, Inc. (NASDAQ:MRTX) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,417 shares of the biotechnology company’s stock after selling 33,698 shares during the period. Vanguard Group Inc. owned about 2.61% of Mirati Therapeutics worth $2,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MRTX. Renaissance Technologies LLC acquired a new position in Mirati Therapeutics during the first quarter valued at approximately $854,000. Dimensional Fund Advisors LP acquired a new position in Mirati Therapeutics during the first quarter valued at approximately $677,000. Royce & Associates LP lifted its position in Mirati Therapeutics by 88.7% during the second quarter. Royce & Associates LP now owns 251,100 shares of the biotechnology company’s stock valued at $917,000 after buying an additional 118,063 shares in the last quarter. Hikari Power Ltd acquired a new position in Mirati Therapeutics during the second quarter valued at approximately $365,000. Finally, LMR Partners LLP acquired a new position in Mirati Therapeutics during the second quarter valued at approximately $236,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mirati Therapeutics, Inc. (NASDAQ MRTX) opened at $15.90 on Thursday. Mirati Therapeutics, Inc. has a 12 month low of $2.70 and a 12 month high of $19.25.

Mirati Therapeutics (NASDAQ:MRTX) last posted its quarterly earnings data on Wednesday, November 1st. The biotechnology company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.16. sell-side analysts forecast that Mirati Therapeutics, Inc. will post -2.77 earnings per share for the current year.

A number of brokerages have weighed in on MRTX. ValuEngine raised shares of Mirati Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Oppenheimer reaffirmed a “buy” rating and set a $18.00 price target on shares of Mirati Therapeutics in a research report on Wednesday, November 22nd. Leerink Swann upgraded shares of Mirati Therapeutics from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Tuesday, November 14th. HC Wainwright reiterated a “buy” rating and set a $17.00 price objective (down previously from $20.00) on shares of Mirati Therapeutics in a research note on Tuesday, November 14th. Finally, Zacks Investment Research lowered shares of Mirati Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Mirati Therapeutics has a consensus rating of “Buy” and an average target price of $13.71.

In related news, SVP Jamie Christensen sold 7,499 shares of Mirati Therapeutics stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $14.00, for a total value of $104,986.00. Following the completion of the sale, the senior vice president now owns 10,169 shares in the company, valued at $142,366. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Venbio Select Advisor Llc purchased 650,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of $13.00 per share, with a total value of $8,450,000.00. The disclosure for this purchase can be found here. Insiders have sold 23,544 shares of company stock worth $365,826 in the last quarter. Insiders own 5.10% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Vanguard Group Inc. Sells 33,698 Shares of Mirati Therapeutics, Inc. (MRTX)” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/12/07/vanguard-group-inc-sells-33698-shares-of-mirati-therapeutics-inc-mrtx.html.

Mirati Therapeutics Profile

Mirati Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops a pipeline of oncology products. The company’s clinical stage product candidates include glesatinib, an orally-bioavailable, potent, small molecule kinase inhibitor that is in Phase II clinical trials for the treatment of non-small cell lung cancer (NSCLC) patients with genetic alterations of MET; and in Phase Ib clinical trials in patients with genetic alterations of MET and Axl in NSCLC and other solid tumors.

Want to see what other hedge funds are holding MRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mirati Therapeutics, Inc. (NASDAQ:MRTX).

Institutional Ownership by Quarter for Mirati Therapeutics (NASDAQ:MRTX)

Receive News & Ratings for Mirati Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mirati Therapeutics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply