Ligand Pharm Cmn (NASDAQ:LGND).
Cardinal Capital Management LLC /ct says it decreased its position in Ligand Pharm Cmn stock by 178,101 shares as of the end of the last quarter. Its stake stood at $84,868,000 a decrease of $12,427,000 according to the filing.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Raymond James & Associates had bought 88 shares growing its stake by 1.0%. The value of the investment in Ligand Pharm Cmn went from $1,052,000 to $1,192,000 a change of 13.3% quarter over quarter. As of quarter end First Mercantile Trust Co had disposed of a total of 130 shares trimming its holdings by 9.9%. The value in dollars increased from $159,000 to $161,000 a change of $2,000 since the last quarter.
Eagle Asset Management Inc reduced its holdings by shedding 1,527 shares a decrease of 0.3% in the quarter. Eagle Asset Management Inc now controls 489,314 shares with a value of $66,551,000. The value of the position overall is up by 11.7%.
November 6 investment analysts at HC Wainwright left the company rating at “Buy” projecting a price of $157.00. HC Wainwright issued a report on LGND stating a rating of “Buy” and establishing a price target of $157.00.
On October 18, 2017 HC Wainwright updated guidance on LGND and giving a rating of “Buy” and a price target of $157.00. On October 11 Roth Capital made no change to the company rating of “Buy” with a current price target of $158.00.
On October 5 HC Wainwright maintained a stock rating of “Buy” targeting a price of $157.00. On September 5 HC Wainwright kept the company rating at “Buy” targeting a price of $150.00.
The company is up from yesterday’s close of 145.07. Ligand Pharm Cmn currently has a P/E ratio of 211.88 and market cap is 3.08B. As of the last earnings report the EPS was $0.69 with 21.11M shares now outstanding.
Traders are more bearish on Ligand Pharm Cmn of late if you take note of the increase in short interest. The company realized a rise in short interest between September 29, 2017 and October 13, 2017 of 0.04%. Short interest increased 1,541 over that timeframe. Days to cover increased 5.0 to 19.0 and the short interest percentage is 0.18% as of October 13.