Amneal Pharmaceuticals, Inc. (NASDAQ:AMRX – Get Free Report) EVP Jason Daly sold 6,613 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $17.70, for a total transaction of $117,050.10. Following the transaction, the executive vice president owned 245,171 shares of the company’s stock, valued at approximately $4,339,526.70. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Amneal Pharmaceuticals Stock Performance
NASDAQ AMRX opened at $18.15 on Friday. The company has a debt-to-equity ratio of 77.65, a current ratio of 2.20 and a quick ratio of 1.44. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 37.04 and a beta of 1.27. The company’s fifty day moving average is $17.24 and its two-hundred day moving average is $14.59. Amneal Pharmaceuticals, Inc. has a 52-week low of $9.20 and a 52-week high of $19.26.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on AMRX shares. UBS Group lifted their target price on Amneal Pharmaceuticals from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings lowered Amneal Pharmaceuticals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research raised Amneal Pharmaceuticals from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded Amneal Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of Amneal Pharmaceuticals in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Amneal Pharmaceuticals has an average rating of “Buy” and a consensus price target of $17.67.
Institutional Trading of Amneal Pharmaceuticals
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in Amneal Pharmaceuticals during the fourth quarter worth about $26,000. Federated Hermes Inc. boosted its holdings in Amneal Pharmaceuticals by 1,680.6% during the fourth quarter. Federated Hermes Inc. now owns 2,297 shares of the company’s stock valued at $29,000 after purchasing an additional 2,168 shares in the last quarter. Comerica Bank grew its stake in shares of Amneal Pharmaceuticals by 186.7% in the 3rd quarter. Comerica Bank now owns 3,005 shares of the company’s stock valued at $30,000 after purchasing an additional 1,957 shares during the period. Transamerica Financial Advisors LLC grew its stake in shares of Amneal Pharmaceuticals by 541.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,914 shares of the company’s stock valued at $37,000 after purchasing an additional 2,460 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Amneal Pharmaceuticals in the 3rd quarter worth approximately $42,000. Institutional investors own 31.82% of the company’s stock.
Amneal Pharmaceuticals Company 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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