Y Intercept Hong Kong Ltd purchased a new stake in Genmab A/S Sponsored ADR (NASDAQ:GMAB – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 44,668 shares of the company’s stock, valued at approximately $1,198,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Paradigm Biocapital Advisors LP acquired a new stake in Genmab A/S during the third quarter worth approximately $117,063,000. Orbis Allan Gray Ltd grew its position in shares of Genmab A/S by 30.2% in the 4th quarter. Orbis Allan Gray Ltd now owns 14,418,462 shares of the company’s stock valued at $444,089,000 after buying an additional 3,340,456 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Genmab A/S by 36.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,978,058 shares of the company’s stock worth $153,324,000 after acquiring an additional 1,334,919 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in Genmab A/S during the 4th quarter worth $33,835,000. Finally, Perpetual Ltd purchased a new stake in Genmab A/S in the fourth quarter valued at $25,478,000. 7.07% of the stock is currently owned by hedge funds and other institutional investors.
Genmab A/S Stock Performance
Genmab A/S stock traded down $0.78 during midday trading on Friday, hitting $29.00. 4,927,154 shares of the company’s stock were exchanged, compared to its average volume of 1,608,152. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.17 and a current ratio of 2.18. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84. Genmab A/S Sponsored ADR has a 12-month low of $21.00 and a 12-month high of $35.43. The firm’s 50 day simple moving average is $26.44 and its 200 day simple moving average is $28.58.
Wall Street Analyst Weigh In
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Genmab A/S Company Profile
Genmab A/S is a Denmark-based biotechnology company specializing in the discovery and development of antibody therapeutics for the treatment of cancer. Since its founding in 1999 and with headquarters in Copenhagen, Genmab has built a robust research platform focused on harnessing novel antibody engineering technologies to create next-generation therapies. The company’s work centers on identifying targets in hematologic malignancies and solid tumors, advancing its proprietary molecules from early discovery through clinical development.
Genmab’s portfolio includes products developed in collaboration with leading global pharmaceutical partners.
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