Institutional investors now have $42 million stake in MannKind Corporation (MNKD)

MannKind Corporation (NASDAQ:MNKD) marched up 374.33% compared to a 52-week low price of $0.67. The shares were last seen trading 9.72% higher, taking the closing price at $3.16 on 11/28/2017. At recent session, the prices were hovering between $2.845 and $3.19. This company shares are 121.52% off its target price of $7 and the current market capitalization stands at $366.65M. The recent change has given its price a -7.39% deficit over SMA 50 and -54.6% deficit over its 52-week high. The stock witnessed -6.23% declines, 91.52% gains and 107.89% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNKD’s volatility during a week at 6.18% and during a month it has been found around 8.78%.

MannKind Corporation (MNKD) Top Holders

Institutional investors currently hold around $42 million or 12.9% in MNKD stock. Look at its top three institutional owners. Vanguard Group Inc owns $9.09 million in MannKind Corporation, which represents roughly 2.48% of the company’s market cap and approximately 21.63% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 1,934,009 shares of the stock are valued at $5.57 million. The third largest holder is D. E. Shaw & Co., Inc., which currently holds $3.54 million worth of this stock and that ownership represents nearly 0.96% of its market capitalization.

MannKind Corporation 13F Filings

At the end of 09/30/2017 reporting period, 42 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by some 5,020,214 shares, 36 decreased positions by 7,011,226 and 29 held positions by 2,650,917. That puts total institutional holdings at 14,682,357 shares, according to SEC filings. The stock grabbed 18 new institutional investments totaling 1,083,300 shares while 13 institutional investors sold out their entire positions totaling 4,412,890 shares.

MannKind Corporation (NASDAQ:MNKD) Insider Trades

Multiple company employees have indulged in significant insider trading. MannKind Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Kresa Kent has acquired 166,600 shares of MannKind Corporation (MNKD) in trading session dated Oct. 13, 2017. These shares are worth $999,600 and were traded at $6 each. The SEC filing shows that Urbanski Raymond W. performed a sale of 296 shares. The Corp VP, CMO disposed these shares by way of transaction on Aug. 10, 2017. The company’s shares were given away at $1.15 per share worth to an income of some $340 on account of Urbanski Raymond W..

Director, Pfeffer Matthew J, purchased 2,000 common shares of MannKind Corporation (MNKD) in the open market. In a transaction dated Jun. 30, 2017, the shares were bought at an average price of $1.23, giving away a sum of $2,460. After this purchase, 82,264 common shares of MNKD are directly owned by the insider, with total stake valued at $259,954.

In the transaction dated Jun. 30, 2017, the great number of shares acquired came courtesy the SVP, Investor Relations; Alinaya Rosabel Realica added a total of 2,000 shares at an average price of $1.23, amounting to approximately $2,460. The insider now directly owns 29,786 shares worth $94,124.

MannKind Corporation (MNKD) Analyst Guide

Several analysts have released their opinion on MannKind Corporation (NASDAQ:MNKD), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.

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