Akorn, Inc. (AKRX) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in Akorn, Inc. (NASDAQ:AKRX) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,205 shares of the company’s stock after selling 23,500 shares during the period. LSV Asset Management owned about 0.08% of Akorn worth $3,036,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LMR Partners LLP bought a new stake in Akorn in the third quarter valued at approximately $200,000. State of Alaska Department of Revenue bought a new stake in Akorn in the fourth quarter valued at approximately $199,000. Cubist Systematic Strategies LLC bought a new stake in Akorn in the second quarter valued at approximately $209,000. Suntrust Banks Inc. bought a new stake in Akorn in the second quarter valued at approximately $234,000. Finally, Opera Trading Capital bought a new stake in Akorn in the fourth quarter valued at approximately $274,000. Hedge funds and other institutional investors own 73.11% of the company’s stock.

Several research firms have issued reports on AKRX. BidaskClub upgraded Akorn from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research lowered Akorn from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Jefferies Group set a $34.00 target price on Akorn and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Piper Jaffray Companies set a $34.00 target price on Akorn and gave the stock a “hold” rating in a research note on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.17.

Akorn, Inc. (NASDAQ AKRX) opened at $31.33 on Wednesday. The firm has a market capitalization of $3,989.75, a P/E ratio of 19.81, a PEG ratio of 1.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.17 and a current ratio of 4.16. Akorn, Inc. has a 52 week low of $20.00 and a 52 week high of $34.00.

In other news, major shareholder John N. Kapoor sold 13,629 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $32.67, for a total transaction of $445,259.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Tambi sold 15,100 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $33.35, for a total value of $503,585.00. The disclosure for this sale can be found here. 28.20% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/14/akorn-inc-akrx-shares-sold-by-lsv-asset-management.html.

Akorn Company Profile

Akorn Inc (Akorn), together with its subsidiaries, is a specialty generic pharmaceutical company that develops, manufactures and markets generic and branded prescription pharmaceuticals, as well as private-label over-the-counter (OTC) consumer health products and animal health pharmaceuticals. The Company operates through two segments: Prescription Pharmaceuticals and the Consumer Health.

Want to see what other hedge funds are holding AKRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akorn, Inc. (NASDAQ:AKRX).

Institutional Ownership by Quarter for Akorn (NASDAQ:AKRX)

Receive News & Ratings for Akorn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akorn and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply