US Bancorp DE reduced its position in shares of Supernus Pharmaceuticals Inc (NASDAQ:SUPN) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,692 shares of the specialty pharmaceutical company’s stock after selling 4,391 shares during the period. US Bancorp DE’s holdings in Supernus Pharmaceuticals were worth $1,104,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in Supernus Pharmaceuticals during the fourth quarter worth about $247,000. Quantbot Technologies LP purchased a new position in Supernus Pharmaceuticals during the third quarter worth about $248,000. Alpha Cubed Investments LLC purchased a new position in Supernus Pharmaceuticals during the third quarter worth about $254,000. Winslow Evans & Crocker Inc. purchased a new position in Supernus Pharmaceuticals during the third quarter worth about $273,000. Finally, Intrust Bank NA raised its holdings in Supernus Pharmaceuticals by 37.6% during the third quarter. Intrust Bank NA now owns 6,957 shares of the specialty pharmaceutical company’s stock worth $278,000 after purchasing an additional 1,901 shares in the last quarter. 98.37% of the stock is owned by hedge funds and other institutional investors.
SUPN has been the subject of several analyst reports. BidaskClub cut shares of Supernus Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Zacks Investment Research raised shares of Supernus Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Wednesday, November 8th. ValuEngine cut shares of Supernus Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley increased their price target on shares of Supernus Pharmaceuticals from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, December 28th. Finally, Piper Jaffray Companies set a $41.00 price target on shares of Supernus Pharmaceuticals and gave the stock a “hold” rating in a report on Sunday, October 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $51.36.
In other Supernus Pharmaceuticals news, VP Victor Vaughn sold 55,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $40.11, for a total value of $2,206,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Padmanabh P. Bhatt sold 20,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $48.04, for a total transaction of $960,800.00. Following the completion of the transaction, the vice president now directly owns 32,500 shares of the company’s stock, valued at $1,561,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,750 shares of company stock valued at $7,133,973. 6.70% of the stock is currently owned by corporate insiders.
Supernus Pharmaceuticals Inc (NASDAQ:SUPN) opened at $37.25 on Wednesday. Supernus Pharmaceuticals Inc has a 1-year low of $24.65 and a 1-year high of $50.04. The stock has a market cap of $1,965.90, a PE ratio of 36.18 and a beta of 1.08.
Supernus Pharmaceuticals (NASDAQ:SUPN) last issued its earnings results on Monday, November 6th. The specialty pharmaceutical company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. Supernus Pharmaceuticals had a net margin of 20.98% and a return on equity of 26.37%. The company had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $78.74 million. Supernus Pharmaceuticals’s revenue for the quarter was up 41.5% on a year-over-year basis. analysts predict that Supernus Pharmaceuticals Inc will post 1.07 EPS for the current fiscal year.
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Supernus Pharmaceuticals Company Profile
Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.
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