Actinium Pharmaceuticals (NYSEAMERICAN:ATNM) had its price target hoisted by Alliance Global Partners from $20.00 to $25.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the biotechnology company’s stock. Alliance Global Partners’ price objective would suggest a potential upside of 266.57% from the company’s previous close.
A number of other research analysts have also recently weighed in on ATNM. HC Wainwright dropped their price objective on shares of Actinium Pharmaceuticals from $57.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, August 3rd. Zacks Investment Research downgraded shares of Actinium Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, July 16th.
Actinium Pharmaceuticals stock traded up $1.06 during midday trading on Wednesday, hitting $6.82. 24,723 shares of the stock were exchanged, compared to its average volume of 261,670. Actinium Pharmaceuticals has a fifty-two week low of $5.70 and a fifty-two week high of $13.18. The firm has a market cap of $145.48 million, a PE ratio of -3.73 and a beta of 1.03. The stock’s 50-day moving average price is $10.46.
Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in Actinium Pharmaceuticals by 82.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 6,881 shares of the biotechnology company’s stock valued at $52,000 after buying an additional 3,101 shares during the period. Blair William & Co. IL acquired a new position in Actinium Pharmaceuticals in the 1st quarter valued at $265,000. Pinnacle Associates Ltd. acquired a new position in Actinium Pharmaceuticals in the 2nd quarter valued at $272,000. GSA Capital Partners LLP acquired a new position in Actinium Pharmaceuticals in the 1st quarter valued at $297,000. Finally, State Street Corp acquired a new position in shares of Actinium Pharmaceuticals during the 2nd quarter worth $437,000. Hedge funds and other institutional investors own 8.01% of the company’s stock.
Actinium Pharmaceuticals Company Profile
Actinium Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. It engages in the development of novel targeted therapies known as Antibody Radiation-Conjugates (ARCs), which combine the targeting ability of antibodies with the cell killing ability of radiation. The company was founded in 2002 and is headquartered in New York, NY.
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