Alkermes plc (NASDAQ:ALKS) produced a 12.41% rally since recording the worst price of $47.01. Thanks to the latest 11.07% increase, it now trades at $54.97. Throughout the trading on Oct. 26, 2017, the share price floated between $47.01 and $55.31. This company shares are 12.79% off its target price of $62 and the current market capitalization stands at $8.44B. The recent change has given its price a 7.97% lead over SMA 50 and -13.3% deficit over its 52-week high. The stock witnessed 7.11% gains, -0.45% declines and -5.63% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ALKS’s volatility during a week at 5.6% and during a month it has been found around 3.05%.Alkermes plc (ALKS) Top Holders
Institutional investors currently hold around $7.59 billion or 0% in ALKS stock. Look at its top three institutional owners. Fmr Llc owns $1.14 billion in Alkermes plc, which represents roughly 13.47% of the company’s market cap and approximately 14.99% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 19,948,014 shares of the stock are valued at $987.23 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $903.54 million worth of this stock and that ownership represents nearly 10.71% of its market capitalization.Alkermes plc 13F Filings
At the end of 06/30/2017 reporting period, 128 institutional holders increased their position in Alkermes plc (NASDAQ:ALKS) by some 11,013,977 shares, 117 decreased positions by 6,164,098 and 43 held positions by 136,153,730. That puts total institutional holdings at 153,331,805 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 2,869,360 shares while 36 institutional investors sold out their entire positions totaling 3,346,392 shares.
Multiple company employees have indulged in significant insider trading. Alkermes plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Mitchell Paul J has sold 1,500 shares of Alkermes plc (ALKS) in trading session dated Oct. 02, 2017. These shares are worth $75,960 and were traded at $50.64 each. The SEC filing shows that Biberstein Kathryn L performed a sale of 13,566 shares. The EVP/CAO/CCO Alks Inc; Sec ALKS disposed these shares by way of transaction on Sep. 11, 2017. The company’s shares were given away at $51.29 per share worth to an income of some $695,800 on account of Biberstein Kathryn L.
Director, Mitchell Paul J, sold 1,500 common shares of Alkermes plc (ALKS) in the open market. In a transaction dated Sep. 01, 2017, the shares were put up for sale at an average price of $50.77, raking in a sum of $76,155. After this sale, 8,000 common shares of ALKS are directly owned by the insider, with total stake valued at $439,760.
In the transaction dated Aug. 01, 2017, the great number of shares disposed came courtesy the Director; Mitchell Paul J disposed a total of 1,500 shares at an average price of $54.91, amounting to approximately $82,365. The insider now directly owns 8,000 shares worth $439,760.Alkermes plc (ALKS) Analyst Guide
Several analysts have released their opinion on Alkermes plc (NASDAQ:ALKS), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.