Sphera Funds Management LTD. Has $12.72 Million Position in Sarepta Therapeutics Inc (SRPT)

Sphera Funds Management LTD. lifted its holdings in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 53.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 116,517 shares of the biotechnology company’s stock after purchasing an additional 40,401 shares during the quarter. Sarepta Therapeutics comprises 1.4% of Sphera Funds Management LTD.’s investment portfolio, making the stock its 16th biggest holding. Sphera Funds Management LTD.’s holdings in Sarepta Therapeutics were worth $12,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Delek Group Ltd. acquired a new position in Sarepta Therapeutics in the fourth quarter valued at $3,457,000. Polar Capital LLP grew its position in Sarepta Therapeutics by 301.0% during the fourth quarter. Polar Capital LLP now owns 200,482 shares of the biotechnology company’s stock valued at $21,879,000 after acquiring an additional 150,482 shares during the period. Casdin Capital LLC grew its position in Sarepta Therapeutics by 275.0% during the fourth quarter. Casdin Capital LLC now owns 150,000 shares of the biotechnology company’s stock valued at $16,370,000 after acquiring an additional 110,000 shares during the period. American International Group Inc. grew its position in Sarepta Therapeutics by 7.3% during the fourth quarter. American International Group Inc. now owns 1,605 shares of the biotechnology company’s stock valued at $175,000 after acquiring an additional 109 shares during the period. Finally, Geode Capital Management LLC grew its position in Sarepta Therapeutics by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 658,753 shares of the biotechnology company’s stock valued at $71,889,000 after acquiring an additional 67,601 shares during the period.

A number of equities research analysts have issued reports on the company. BTIG Research set a $190.00 price target on Sarepta Therapeutics and gave the company a “buy” rating in a research report on Friday, December 28th. Svb Leerink reiterated an “outperform” rating on shares of Sarepta Therapeutics in a research report on Tuesday, March 5th. Janney Montgomery Scott set a $200.00 price target on Sarepta Therapeutics and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Sarepta Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, HC Wainwright set a $267.00 price target on Sarepta Therapeutics and gave the stock a “buy” rating in a research report on Monday, December 10th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $185.55.

SRPT stock traded down $1.83 on Thursday, reaching $130.77. The company’s stock had a trading volume of 200,678 shares, compared to its average volume of 1,591,789. Sarepta Therapeutics Inc has a 52 week low of $70.50 and a 52 week high of $176.50. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of -23.95 and a beta of 2.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 8.21 and a quick ratio of 7.49.

Sarepta Therapeutics (NASDAQ:SRPT) last issued its quarterly earnings results on Wednesday, February 27th. The biotechnology company reported ($0.85) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.23. The firm had revenue of $84.40 million during the quarter, compared to analyst estimates of $84.83 million. Sarepta Therapeutics had a negative return on equity of 36.73% and a negative net margin of 120.22%. The firm’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period last year, the company posted ($0.37) EPS. On average, equities analysts anticipate that Sarepta Therapeutics Inc will post -5.17 EPS for the current fiscal year.

In other news, SVP David T. Howton sold 30,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $140.00, for a total transaction of $4,200,000.00. Following the completion of the sale, the senior vice president now directly owns 31,196 shares of the company’s stock, valued at approximately $4,367,440. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandesh Mahatme sold 65,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $130.23, for a total value of $8,464,950.00. Following the sale, the chief financial officer now directly owns 14,118 shares of the company’s stock, valued at $1,838,587.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,000 shares of company stock valued at $22,089,950. 7.90% of the stock is currently owned by corporate insiders.

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Sarepta Therapeutics Profile

Sarepta Therapeutics, Inc focuses on the discovery and development of RNA-based therapeutics, gene therapy, and other genetic medicine approaches for the treatment of rare neuromuscular diseases. The company offers EXONDYS 51, a disease-modifying therapy for the treatment of duchenne muscular dystrophy (DMD), which is a rare genetic muscle-wasting disease caused by the absence of dystrophin.

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Institutional Ownership by Quarter for Sarepta Therapeutics (NASDAQ:SRPT)

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