Stonepine Capital Management, LLC Has Stake in CTI BioPharma Corp (CTIC)

Stonepine Capital Management, LLC

revealed that they own a 5% stake in CTI BioPharma Corp (NASDAQ:CTIC) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Friday, January 12th. The investor owns 2,150,010 shares of the stock worth approximately $7,331,534. The reporting parties listed on the disclosure included Stonepine Capital Management, LLC, Stonepine Capital, LP, Jon M Plexico and Timothy P Lynch. The filing is available through the SEC website at this hyperlink.

Stonepine Capital Management, LLC

provided the following explanation of their ownership:

A number of other institutional investors have also recently bought and sold shares of CTIC. OxFORD Asset Management LLP bought a new stake in CTI BioPharma during the 3rd quarter worth approximately $164,000. JPMorgan Chase & Co. bought a new stake in CTI BioPharma during the 3rd quarter worth approximately $272,000. Finally, Stonepine Capital Management LLC bought a new stake in CTI BioPharma during the 2nd quarter worth approximately $7,561,000. 42.81% of the stock is currently owned by institutional investors and hedge funds.

CTIC has been the topic of a number of analyst reports. ValuEngine lowered shares of CTI BioPharma from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of CTI BioPharma from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Wednesday, December 27th.

Shares of CTI BioPharma Corp (NASDAQ:CTIC) traded up $0.13 during trading hours on Friday, hitting $3.41. 362,376 shares of the stock were exchanged, compared to its average volume of 234,633. The company has a market cap of $140.94, a price-to-earnings ratio of -3.31 and a beta of 0.53. CTI BioPharma Corp has a 1 year low of $2.45 and a 1 year high of $5.64. The company has a quick ratio of 2.17, a current ratio of 2.19 and a debt-to-equity ratio of 0.26.

CTI BioPharma (NASDAQ:CTIC) last issued its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.04. The firm had revenue of $1.71 million for the quarter, compared to analyst estimates of $0.30 million. CTI BioPharma had a negative net margin of 96.91% and a negative return on equity of 209.67%. research analysts forecast that CTI BioPharma Corp will post -1.2 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at

About CTI BioPharma

CTI BioPharma Corp. (CTI) is a biopharmaceutical company focused on the acquisition, development and commercialization of targeted therapies covering a spectrum of blood-related cancers to patients and healthcare providers. The Company is primarily focused on commercializing PIXUVRI in select countries in the European Union, for multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL).

Institutional Ownership by Quarter for CTI BioPharma (NASDAQ:CTIC)

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

Leave a Reply