ClariVest Asset Management LLC decreased its position in BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,600 shares of the biotechnology company’s stock after selling 4,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in BioCryst Pharmaceuticals were worth $260,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of BCRX. Janney Montgomery Scott LLC raised its holdings in BioCryst Pharmaceuticals by 13.3% during the second quarter. Janney Montgomery Scott LLC now owns 25,550 shares of the biotechnology company’s stock worth $122,000 after purchasing an additional 3,000 shares in the last quarter. American International Group Inc. increased its stake in shares of BioCryst Pharmaceuticals by 3.6% during the 2nd quarter. American International Group Inc. now owns 94,339 shares of the biotechnology company’s stock worth $450,000 after purchasing an additional 3,300 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of BioCryst Pharmaceuticals by 160.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,184 shares of the biotechnology company’s stock worth $34,000 after purchasing an additional 4,426 shares in the last quarter. Dowling & Yahnke LLC increased its stake in shares of BioCryst Pharmaceuticals by 45.5% during the 3rd quarter. Dowling & Yahnke LLC now owns 16,000 shares of the biotechnology company’s stock worth $55,000 after purchasing an additional 5,000 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in BioCryst Pharmaceuticals by 2.3% in the 2nd quarter. California State Teachers Retirement System now owns 234,035 shares of the biotechnology company’s stock worth $1,115,000 after acquiring an additional 5,181 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BCRX stock opened at $4.33 on Friday. BioCryst Pharmaceuticals, Inc. has a 1 year low of $1.58 and a 1 year high of $6.29. The stock has a market cap of $764.53 million, a PE ratio of -5.70 and a beta of 2.90. The business’s fifty day moving average is $3.90 and its 200-day moving average is $4.28. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.40 and a current ratio of 1.45.
A number of equities analysts have weighed in on BCRX shares. Bank of America reiterated a “buy” rating and issued a $6.00 price target on shares of BioCryst Pharmaceuticals in a report on Sunday, October 4th. JPMorgan Chase & Co. assumed coverage on BioCryst Pharmaceuticals in a research note on Tuesday, September 29th. They issued an “overweight” rating on the stock. Zacks Investment Research downgraded BioCryst Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, October 7th. Royal Bank of Canada reissued a “hold” rating and issued a $4.50 price target on shares of BioCryst Pharmaceuticals in a report on Friday, August 28th. Finally, BidaskClub downgraded BioCryst Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. BioCryst Pharmaceuticals currently has an average rating of “Hold” and a consensus target price of $8.00.
About BioCryst Pharmaceuticals
BioCryst Pharmaceuticals, Inc, a biotechnology company, discovers oral and small-molecule medicines. The company markets peramivir injection, an intravenous neuraminidase inhibitor, for the treatment of acute uncomplicated influenza under the RAPIVAB, ALPIVAB, RAPIACTA, and PERAMIFLU names; and Mundesine, an oral purine nucleoside phosphorylase inhibitor for peripheral T-cell lymphoma.
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