Trexquant Investment LP acquired a new stake in AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) during the 3rd quarter, HoldingsChannel reports. The fund acquired 20,791 shares of the specialty pharmaceutical company’s stock, valued at approximately $416,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc lifted its holdings in shares of AMAG Pharmaceuticals by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 67,795 shares of the specialty pharmaceutical company’s stock valued at $1,341,000 after buying an additional 3,827 shares during the period. Alps Advisors Inc. lifted its holdings in shares of AMAG Pharmaceuticals by 9.0% during the 2nd quarter. Alps Advisors Inc. now owns 49,816 shares of the specialty pharmaceutical company’s stock valued at $971,000 after buying an additional 4,096 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of AMAG Pharmaceuticals by 8.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 88,180 shares of the specialty pharmaceutical company’s stock valued at $1,720,000 after buying an additional 6,883 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of AMAG Pharmaceuticals during the 2nd quarter valued at $156,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of AMAG Pharmaceuticals during the 3rd quarter valued at $188,000.
Several equities analysts have recently weighed in on AMAG shares. Zacks Investment Research cut AMAG Pharmaceuticals from a “hold” rating to a “strong sell” rating in a report on Friday, October 5th. Cantor Fitzgerald set a $18.00 price target on AMAG Pharmaceuticals and gave the company a “hold” rating in a report on Wednesday, September 26th. BidaskClub cut AMAG Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 25th. Cowen set a $19.00 price target on AMAG Pharmaceuticals and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Deutsche Bank set a $23.00 price target on AMAG Pharmaceuticals and gave the company a “hold” rating in a report on Thursday, September 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. AMAG Pharmaceuticals has an average rating of “Hold” and an average target price of $21.97.
AMAG Pharmaceuticals (NASDAQ:AMAG) last announced its earnings results on Thursday, November 1st. The specialty pharmaceutical company reported ($1.88) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($1.11). AMAG Pharmaceuticals had a negative return on equity of 13.65% and a negative net margin of 6.98%. The company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $118.23 million. During the same period in the prior year, the business posted ($4.31) earnings per share. AMAG Pharmaceuticals’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts forecast that AMAG Pharmaceuticals, Inc. will post -2.85 earnings per share for the current year.
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About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a biopharmaceutical company, which focuses on the research, development, and commercialization of a therapeutic iron compound to treat iron deficiency anemia. The firm focuses on the development and commercialization of Feraheme injection for intravenous use to treat iron deficiency anemia.
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