Amarin Co. plc (AMRN) Holdings Lifted by Pura Vida Investments LLC
Pura Vida Investments LLC grew its holdings in shares of Amarin Co. plc (NASDAQ:AMRN) by 74.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,480 shares of the biopharmaceutical company’s stock after purchasing an additional 166,480 shares during the period. Amarin comprises 3.3% of Pura Vida Investments LLC’s holdings, making the stock its 10th largest holding. Pura Vida Investments LLC’s holdings in Amarin were worth $5,301,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Amarin during the 4th quarter worth approximately $34,000. Neuburgh Advisers LLC acquired a new stake in Amarin in the fourth quarter valued at approximately $36,000. Lindbrook Capital LLC acquired a new stake in Amarin in the fourth quarter valued at approximately $40,000. IFP Advisors Inc boosted its position in Amarin by 71.2% in the fourth quarter. IFP Advisors Inc now owns 8,413 shares of the biopharmaceutical company’s stock valued at $111,000 after buying an additional 3,500 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Amarin in the fourth quarter valued at approximately $131,000. Hedge funds and other institutional investors own 48.30% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Amarin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Cantor Fitzgerald restated a “buy” rating and issued a $35.00 target price on shares of Amarin in a research report on Friday, December 7th. Jefferies Financial Group set a $30.00 target price on shares of Amarin and gave the company a “buy” rating in a research report on Thursday, December 20th. HC Wainwright restated a “buy” rating and issued a $51.00 target price on shares of Amarin in a research report on Thursday, January 17th. Finally, Citigroup cut their target price on shares of Amarin to $20.00 in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.20.
AMRN stock opened at $20.33 on Friday. The firm has a market cap of $6.56 billion, a PE ratio of -52.13 and a beta of 1.29. Amarin Co. plc has a 52-week low of $2.35 and a 52-week high of $23.33. The company has a quick ratio of 2.04, a current ratio of 2.40 and a debt-to-equity ratio of 0.35.
Amarin (NASDAQ:AMRN) last released its quarterly earnings results on Wednesday, February 27th. The biopharmaceutical company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.03). The firm had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $73.87 million. The business’s revenue was up 43.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, research analysts predict that Amarin Co. plc will post -0.17 EPS for the current year.
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Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia.
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