Akorn, Inc. (NASDAQ:AKRX) enjoyed a 16.88% run-up in share price since hitting record low of $3.14. The stock managed 4.56% rise and now stands at $3.67 as of 3/14/2019. At a recent session, the prices were hovering between $3.5159 and $3.82. This company shares are 83.92% off its target price of $6.75 and the current market capitalization stands at $446.24M. The recent change has given its price a -6.45% deficit over SMA 50 and -81.47% deficit over its 52-week high. The stock witnessed -12.62% declines, -14.45% declines and -72.99% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AKRX’s volatility during a week at 8.69% and during a month it has been found around 7.58%.

Akorn, Inc. (AKRX) Top Holders

Institutional investors currently hold around $306 million or 76.8% in AKRX stock. Look at its top three institutional owners: Blackrock Inc. owns $55.13 million in Akorn, Inc., which represents roughly 12.36% of the company’s market cap and approximately 18.02% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 9,804,552 shares of the stock are valued at $34.41 million. The third largest holder is Renaissance Technologies Llc, which currently holds $14.99 million worth of this stock and that ownership represents nearly 3.36% of its market capitalization.

Akorn, Inc. 13F Filings

At the end of December reporting period, 111 institutional holders increased their position in Akorn, Inc. (NASDAQ:AKRX) by some 36,259,347 shares, 133 decreased positions by 32,659,080 and 21 held positions by 18,187,467. That puts total institutional holdings at 87,105,894 shares, according to SEC filings. The stock grabbed 35 new institutional investments totaling 6,232,248 shares while 87 institutional investors sold out their entire positions totaling 21,368,134 shares.

Akorn, Inc. (AKRX) Analyst Guide

Several analysts have released their opinion on Akorn, Inc. (NASDAQ:AKRX), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation [T1].