Oregon Public Employees Retirement Fund purchased a new position in shares of Amneal Pharmaceuticals, Inc. (NASDAQ:AMRX – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 38,800 shares of the company’s stock, valued at approximately $482,000.
Several other institutional investors have also added to or reduced their stakes in AMRX. Spire Wealth Management grew its holdings in Amneal Pharmaceuticals by 66.6% in the 4th quarter. Spire Wealth Management now owns 2,558 shares of the company’s stock valued at $32,000 after buying an additional 1,023 shares in the last quarter. Intech Investment Management LLC increased its position in Amneal Pharmaceuticals by 1.2% during the 4th quarter. Intech Investment Management LLC now owns 97,573 shares of the company’s stock worth $1,229,000 after buying an additional 1,159 shares during the period. Hsbc Holdings PLC increased its position in Amneal Pharmaceuticals by 1.6% during the fourth quarter. Hsbc Holdings PLC now owns 101,945 shares of the company’s stock worth $1,297,000 after acquiring an additional 1,569 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amneal Pharmaceuticals by 2.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,137 shares of the company’s stock worth $859,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Comerica Bank raised its stake in Amneal Pharmaceuticals by 56.1% in the 4th quarter. Comerica Bank now owns 4,690 shares of the company’s stock worth $59,000 after purchasing an additional 1,685 shares in the last quarter. 31.82% of the stock is currently owned by institutional investors.
Amneal Pharmaceuticals Trading Down 2.9%
Shares of NASDAQ:AMRX opened at $16.69 on Wednesday. The firm has a 50 day moving average of $14.80 and a 200-day moving average of $13.80. The stock has a market capitalization of $5.32 billion, a PE ratio of 43.92 and a beta of 1.26. Amneal Pharmaceuticals, Inc. has a 12 month low of $7.66 and a 12 month high of $17.86.
Insiders Place Their Bets
In other Amneal Pharmaceuticals news, Director Deborah M. Autor sold 34,819 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $12.94, for a total transaction of $450,557.86. Following the completion of the sale, the director directly owned 93,660 shares in the company, valued at $1,211,960.40. This represents a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
AMRX has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Amneal Pharmaceuticals from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays lifted their price target on shares of Amneal Pharmaceuticals from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Zacks Research cut Amneal Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen raised Amneal Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, UBS Group initiated coverage on Amneal Pharmaceuticals in a research note on Friday, April 17th. They set a “buy” rating and a $19.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.80.
Check Out Our Latest Research Report on AMRX
Amneal Pharmaceuticals Profile
Amneal Pharmaceuticals, Inc is a publicly traded integrated healthcare company specializing in the development, manufacturing and distribution of generic and specialty pharmaceutical products. The company’s portfolio includes oral solids, injectables, transdermals and biosimilars, serving a broad range of therapeutic areas such as cardiovascular, neuroscience, oncology and women’s health. Alongside its generic offerings, Amneal has built a branded portfolio through strategic acquisitions and internal development, positioning itself across both high-volume generics and higher-value specialty treatments.
Since its founding in 2002 by brothers Chirag and Chintu Modgil, Amneal has pursued growth through organic investment in research and development as well as targeted M&A.
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