Achillion Pharmaceut (NASDAQ:ACHN).
Numeric Investors LLC lowered its ownership in Achillion Pharmaceut stock by 18.3% as reported in a filing on 11/16/2017. Its investment was valued at $10,763,000 a decrease of $2,710,000 as of quarter end.
Several firms have shifted positions in (ACHN). As of quarter end Millennium Management LLC had disposed of 2,609,991 shares trimming its stake by 86.5%. The value of the company’s investment in Achillion Pharmaceut went from $13,844,000 to $1,824,000 decreasing 86.8% quarter to quarter. As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 68,271 shares growing its position 14.9%. The value in dollars increased from $2,100,000 to $2,360,000 a change of 12.4% quarter over quarter.
As of the end of the quarter Renaissance Technologies LLC had acquired a total of 312,675 shares growing its holdings by 48.8%. The value of the investment in ACHN went from $2,944,000 to $4,283,000 a change of $1,339,000 for the reporting period.
September 17 investment analysts at Chardan Capital reiterated a “Neutral” rating on the company. Ladenburg Thalmann Financial Services lowered the price target on September 12 cutting the projection from $9.00 to $6.50 and issued a “Buy” rating.
September 12 investment analysts at Robert W. Baird held the company rating at “Neutral” targeting a price of $4.00.
On August 9, 2017 Maxim Group released guidance on ACHN with a rating of “Buy” and setting a price target of $7.00. Equity analyst Chardan Capital lowered the price target on August 9 changing the forecast from $5.00 to $4.00 with a rating of “Neutral”.
The company is trading up since yesterday’s close of 3.03. The P/E ratio is currently N/A and market cap is 461.82M. As of the last earnings report the EPS was $-0.49 with 137.86M shares now outstanding.
Traders are a little more bearish on shares of Achillion Pharmaceut of late if you pay attention to the rise in short interest. The company experienced a rise in short interest of 3.99% as of the latest report on October 13, 2017. Short interest grew from 8,784,125 to 9,134,573 over that timeframe. With short interest at 9,134,573 and short average daily volume at 1,019,264, days to cover is 9.0 and the percentage of shorted shares was 0.07% on October 13.