Westfield Capital Management Co. LP raised its holdings in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 14.3% in the first quarter, Holdings Channel reports. The fund owned 291,487 shares of the biotechnology company’s stock after acquiring an additional 36,385 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Sarepta Therapeutics were worth $34,742,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sit Investment Associates Inc. lifted its stake in shares of Sarepta Therapeutics by 42.4% in the first quarter. Sit Investment Associates Inc. now owns 22,065 shares of the biotechnology company’s stock worth $2,630,000 after buying an additional 6,575 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Sarepta Therapeutics by 21.1% during the 1st quarter. Mosaic Family Wealth LLC now owns 2,300 shares of the biotechnology company’s stock valued at $274,000 after purchasing an additional 400 shares during the last quarter. Trexquant Investment LP acquired a new position in Sarepta Therapeutics during the 1st quarter valued at $403,000. Atika Capital Management LLC raised its stake in Sarepta Therapeutics by 15.2% during the 1st quarter. Atika Capital Management LLC now owns 90,000 shares of the biotechnology company’s stock valued at $10,727,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Sarepta Therapeutics by 32.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 154,611 shares of the biotechnology company’s stock valued at $18,428,000 after purchasing an additional 38,194 shares during the last quarter.
Sarepta Therapeutics stock traded down $2.41 on Friday, hitting $120.80. The company’s stock had a trading volume of 9,960 shares, compared to its average volume of 679,479. The firm has a market capitalization of $9.14 billion, a PE ratio of -22.26 and a beta of 1.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 12.17 and a quick ratio of 11.15. Sarepta Therapeutics Inc has a one year low of $94.66 and a one year high of $176.50.
In other Sarepta Therapeutics news, Director Hans Lennart Rudolf Wigzell sold 10,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $120.00, for a total value of $1,200,000.00. Following the sale, the director now owns 21,717 shares of the company’s stock, valued at approximately $2,606,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.60% of the company’s stock.
Several equities analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Sarepta Therapeutics from $169.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. Cowen reiterated a “buy” rating and set a $213.00 target price on shares of Sarepta Therapeutics in a research note on Sunday, March 31st. Evercore ISI assumed coverage on shares of Sarepta Therapeutics in a research note on Thursday, April 11th. They set an “outperform” rating and a $175.00 target price for the company. ValuEngine cut shares of Sarepta Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada cut their target price on shares of Sarepta Therapeutics from $191.00 to $188.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $199.35.
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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 diseases. The company offers EXONDYS 51, a disease-modifying therapy for duchenne muscular dystrophy (DMD). Its products pipeline include Golodirsen, a product candidate that binds to exon 53 of dystrophin pre-mRNA, which results in exclusion or skipping of exon during mRNA processing in patients with genetic mutations; and Casimersen, a product candidate that uses phosphorodiamidate morpholino oligomer (PMO) chemistry and exon-skipping technology to skip exon 45 of the DMD gene.
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