Sangamo Biosciences (NASDAQ:SGMO).
Baker Bros. Advisors Lp sold 2,000,000 shares during the last quarter decreasing its stake in Sangamo Biosciences (SGMO) by 48.6%. Its investment stood at $31,701,000 a decrease of 12.4% according to the filing.
Several firms have updated their holdings. Alliancebernstein L.P. expanded its position by buying 100,342 shares an increase of 111.2% as of 09/30/2017. Alliancebernstein L.P. owns 190,583 shares worth $2,859,000. The total value of its holdings increased 260.1%. Deerfield Management Co cut its stake by shedding 441,305 shares a decrease of 40.3% from 06/30/2017 to 09/30/2017. Deerfield Management Co controls 653,000 shares valued at $9,795,000. The value of the position overall is up by 1.7%.
As of the end of the quarter First Mercantile Trust Co had sold 76 shares trimming its holdings by 1.6%. The value of the total investment in Sangamo Biosciences increased from $41,000 to $69,000 a change of 68.3% quarter over quarter.
October 13 investment analysts at Jefferies Group LLC held the company rating at “Buy” with a current price target of $18.00. On September 14 Jefferies Group LLC maintained a company rating of “Buy” targeting a price of $18.00.
On September 5 Wells Fargo & Company left the company rating at “Outperform” projecting a price of $30.00. On August 10 analysts at Piper Jaffray Companies released research on SGMO stating a rating of “Hold” and setting a price target of $8.00.
The company is up since yesterday’s close of 12.9. Sangamo Biosciences’s P/E ratio is N/A and market capitalization is 1.21B. As of the latest earnings report the EPS was $-0.69 with 84.52M shares now outstanding.
Short traders are more bearish on shares of Sangamo Biosciences of late considering the uptick in short interest. The company had a rise in short interest of 7.82% between September 29, 2017 and October 13, 2017. Short shares increased 541,648 over that timeframe. With short interest at 7,464,500 and short average daily volume at 1,579,773, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.09% on October 13.