Systematic Financial Management LP raised its stake in Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX – Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 723,242 shares of the biopharmaceutical company’s stock after buying an additional 37,578 shares during the quarter. Systematic Financial Management LP owned approximately 0.59% of Catalyst Pharmaceuticals worth $16,880,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CPRX. Deerfield Management Company L.P. lifted its stake in Catalyst Pharmaceuticals by 72.8% in the third quarter. Deerfield Management Company L.P. now owns 4,974,767 shares of the biopharmaceutical company’s stock valued at $98,003,000 after buying an additional 2,095,291 shares during the last quarter. American Century Companies Inc. lifted its stake in Catalyst Pharmaceuticals by 43.8% in the third quarter. American Century Companies Inc. now owns 2,528,186 shares of the biopharmaceutical company’s stock valued at $49,805,000 after buying an additional 770,198 shares during the last quarter. Fundsmith LLP lifted its stake in Catalyst Pharmaceuticals by 24.2% in the third quarter. Fundsmith LLP now owns 3,363,807 shares of the biopharmaceutical company’s stock valued at $66,267,000 after buying an additional 654,721 shares during the last quarter. Glenmede Investment Management LP lifted its stake in Catalyst Pharmaceuticals by 781.8% in the third quarter. Glenmede Investment Management LP now owns 680,224 shares of the biopharmaceutical company’s stock valued at $13,400,000 after buying an additional 603,084 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Catalyst Pharmaceuticals by 30.6% in the second quarter. Bank of America Corp DE now owns 2,365,675 shares of the biopharmaceutical company’s stock valued at $51,335,000 after buying an additional 554,200 shares during the last quarter. 79.22% of the stock is currently owned by institutional investors.
Catalyst Pharmaceuticals Stock Down 0.1%
Shares of NASDAQ CPRX opened at $31.26 on Friday. Catalyst Pharmaceuticals, Inc. has a fifty-two week low of $19.05 and a fifty-two week high of $32.56. The firm’s 50-day simple moving average is $26.81 and its 200 day simple moving average is $24.68. The stock has a market cap of $3.83 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.91 and a beta of 0.72.
Analyst Ratings Changes
View Our Latest Research Report on CPRX
Catalyst Pharmaceuticals Profile
Catalyst Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapies for patients living with rare neuromuscular, neurological and metabolic diseases. The company’s mission centers on delivering safe and effective treatments that address unmet medical needs in small patient populations.
The company’s lead product is Firdapse® (amifampridine phosphate), a treatment approved by the U.S. Food and Drug Administration for adults with Lambert-Eaton Myasthenic Syndrome (LEMS).
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