Mercer Global Advisors Inc. ADV acquired a new position in Antares Pharma Inc (NASDAQ:ATRS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 40,623 shares of the specialty pharmaceutical company’s stock, valued at approximately $123,000.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Antares Pharma by 3.1% during the 4th quarter. BlackRock Inc. now owns 10,234,202 shares of the specialty pharmaceutical company’s stock worth $27,839,000 after buying an additional 304,945 shares during the period. Vanguard Group Inc grew its position in shares of Antares Pharma by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 6,487,465 shares of the specialty pharmaceutical company’s stock worth $21,798,000 after buying an additional 84,181 shares during the period. Vanguard Group Inc. grew its position in shares of Antares Pharma by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,487,465 shares of the specialty pharmaceutical company’s stock worth $21,798,000 after buying an additional 84,181 shares during the period. Sargent Investment Group LLC acquired a new position in shares of Antares Pharma during the 4th quarter worth about $8,422,000. Finally, Northern Trust Corp grew its position in shares of Antares Pharma by 0.4% during the 4th quarter. Northern Trust Corp now owns 1,741,602 shares of the specialty pharmaceutical company’s stock worth $4,738,000 after buying an additional 6,868 shares during the period. Hedge funds and other institutional investors own 40.66% of the company’s stock.
Several equities analysts have recently issued reports on ATRS shares. Raymond James boosted their target price on Antares Pharma from $5.25 to $5.65 and gave the stock a “strong-buy” rating in a research report on Monday, March 4th. BidaskClub cut Antares Pharma from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. TheStreet upgraded Antares Pharma from a “d” rating to a “c” rating in a report on Friday, March 1st. HC Wainwright reiterated a “buy” rating and set a $4.50 price objective on shares of Antares Pharma in a report on Monday, May 6th. Finally, Cowen initiated coverage on Antares Pharma in a report on Monday, February 25th. They set an “outperform” rating and a $1.99 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $4.83.
NASDAQ:ATRS opened at $2.85 on Friday. Antares Pharma Inc has a fifty-two week low of $2.40 and a fifty-two week high of $3.96. The company has a current ratio of 2.28, a quick ratio of 1.90 and a debt-to-equity ratio of 0.50. The stock has a market cap of $465.09 million, a PE ratio of -71.25 and a beta of 1.03.
Antares Pharma (NASDAQ:ATRS) last released its quarterly earnings data on Thursday, May 2nd. The specialty pharmaceutical company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Antares Pharma had a negative return on equity of 17.94% and a negative net margin of 7.91%. The business had revenue of $23.29 million for the quarter, compared to analysts’ expectations of $17.46 million. As a group, equities analysts expect that Antares Pharma Inc will post -0.1 EPS for the current fiscal year.
In other news, Director Thomas J. Garrity sold 30,000 shares of Antares Pharma stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $2.67, for a total transaction of $80,100.00. Following the transaction, the director now owns 190,213 shares in the company, valued at approximately $507,868.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard S. Jacob sold 92,078 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $3.00, for a total value of $276,234.00. Following the completion of the sale, the director now owns 301,970 shares in the company, valued at approximately $905,910. The disclosure for this sale can be found here. Insiders have sold a total of 322,078 shares of company stock worth $1,086,334 in the last quarter. 5.49% of the stock is currently owned by company insiders.
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Antares Pharma Company Profile
Antares Pharma, Inc focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies worldwide. The company's injection products include OTREXUP that comprises of pre-filled methotrexate syringe and VIBEX self-injection system to enable rheumatoid arthritis (RA) and psoriasis patients to self-inject methotrexate at home; XYOSTED for the treatment of testosterone deficiency in adult males; Sumatriptan Injection USP for the acute treatment of migraine and cluster headache in adults.
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