BidaskClub upgraded shares of Amphastar Pharmaceuticals (NASDAQ:AMPH) from a sell rating to a hold rating in a research note released on Saturday, February 10th.
Several other equities analysts have also recently weighed in on AMPH. Piper Jaffray Companies reaffirmed a buy rating and set a $26.00 target price on shares of Amphastar Pharmaceuticals in a research note on Tuesday, January 30th. Jefferies Group set a $19.00 price target on Amphastar Pharmaceuticals and gave the company a buy rating in a report on Sunday, October 29th. Needham & Company LLC lifted their price target on Amphastar Pharmaceuticals from $20.00 to $23.00 and gave the company a buy rating in a report on Friday, December 1st. BMO Capital Markets lifted their price target on Amphastar Pharmaceuticals from $16.00 to $17.00 and gave the company a market perform rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded Amphastar Pharmaceuticals from a sell rating to a hold rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $20.83.
Amphastar Pharmaceuticals (AMPH) opened at $18.78 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.08 and a quick ratio of 1.86. Amphastar Pharmaceuticals has a 12 month low of $12.05 and a 12 month high of $19.95. The firm has a market capitalization of $874.92, a PE ratio of 126.87, a P/E/G ratio of 1.34 and a beta of 1.51.
In other news, Director Stephen B. Shohet sold 7,862 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $18.94, for a total transaction of $148,906.28. Following the sale, the director now directly owns 31,978 shares in the company, valued at $605,663.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Jason B. Shandell sold 8,661 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $19.26, for a total value of $166,810.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,058 shares of company stock valued at $1,283,317. Corporate insiders own 11.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Amphastar Pharmaceuticals by 10.8% in the second quarter. Vanguard Group Inc. now owns 2,414,797 shares of the company’s stock valued at $43,128,000 after acquiring an additional 235,033 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Amphastar Pharmaceuticals by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,558,113 shares of the company’s stock worth $27,844,000 after purchasing an additional 226,271 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Amphastar Pharmaceuticals by 2.0% during the second quarter. Northern Trust Corp now owns 485,706 shares of the company’s stock worth $8,675,000 after purchasing an additional 9,672 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Amphastar Pharmaceuticals by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 332,824 shares of the company’s stock worth $6,403,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Amphastar Pharmaceuticals by 1,746.9% during the fourth quarter. Millennium Management LLC now owns 293,672 shares of the company’s stock worth $5,650,000 after purchasing an additional 277,771 shares during the last quarter. Hedge funds and other institutional investors own 43.85% of the company’s stock.
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About Amphastar Pharmaceuticals
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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