Mirati Therapeutics (NASDAQ:MRTX).
Dimensional Fund Advisors Lp reports that it bought 137,104 shares in the previous quarter increasing its holdings in Mirati Therapeutics by 68.7%. Its position was worth $3,939,000 an increase of 441.1% as of quarter end.
Dimensional Fund Advisors Lp isn’t the only one who has changed their investment in MRTX. Citadel Advisors LLC divested its position by shedding 2,586 shares a decrease of 20.2%. Citadel Advisors LLC claims 10,220 shares with a value of $120,000. The total value of its holdings decreased 56.2%. Bank Of NEW York Mellon Corp expanded its stake by buying 1,186 shares an increase of 8.0% from 06/30/2017 to 09/30/2017. Bank Of NEW York Mellon Corp owns 15,935 shares worth $186,000. The value of the position overall is up by 244.4%.
Wells Fargo & Company/mn reduced its holdings by shedding 13,524 shares a decrease of 95.1% in the quarter. Wells Fargo & Company/mn currently owns 700 shares valued at $8,000. The value of the position overall is down by 89.2%.
On November 7, 2017 HC Wainwright maintained a “Buy” rating on the company. October 12 investment analysts at HC Wainwright held the stock rating at “Buy” projecting a price of $20.00.
On October 12 SunTrust Banks maintained a stock rating of “Buy” with a current price target of $13.00. October 2 investment analysts at SunTrust Banks made no change to the company rating of “Buy” targeting a price of $13.00.
Cann updated its forecast on MRTX by announcing an initial rating of “Outperform”. On September 19 analysts at CIBC updated guidance on MRTX with a rating of “Outperform”.
The company is so far trading up since yesterday’s close of 13.2. The P/E ratio is N/A and market capitalization is 333.98M. In the last earnings report the EPS was $-3.11 with 25.30M shares now outstanding.
Short traders are more bearish on Mirati Therapeutics of late as inferred by the change in short interest. The firm experienced a rise in short interest of 23.31% as of the latest report on October 13, 2017. Short interest grew from 1,013,843 to 1,250,193 over that period. With short interest at 1,250,193 and short average daily volume at 674,281, the short-interest ratio is 2.0 and the short interest percentage is 0.05% as of October 13.